In 2024, Japan had the highest level of total non-financial debt among advanced economies, reaching 394 percent of the country's GDP. Total non-financial debt includes government debt, as well as private and business debt. Debt of the financial sector is not included in the figures.
Total credit to the non‑financial sector as percentage of the GDP in June 2024, selected countries
Characteristic
Percentage of GDP
Japan
393.7%
France
319%
Canada
311.5%
China
291.9%
United States
249.4%
South Korea
247.9%
Italy
229.8%
United Kingdom
229.1%
Spain
224.7%
Germany
200.2%
Created with Highcharts 7.2.2Percentage of GDP393.7%393.7%319%319%311.5%311.5%291.9%291.9%249.4%249.4%247.9%247.9%229.8%229.8%229.1%229.1%224.7%224.7%200.2%200.2%JapanFranceCanadaChinaUnited StatesSouth KoreaItalyUnited KingdomSpainGermany
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Bank for International Settlements. (December 10, 2024). Total credit to the non‑financial sector as percentage of the GDP in June 2024, selected countries [Graph]. In Statista. Retrieved April 29, 2025, from https://www.statista.com/statistics/206050/total-debt-as-a-percentage-of-gdp-in-selected-countries/
Bank for International Settlements. "Total credit to the non‑financial sector as percentage of the GDP in June 2024, selected countries." Chart. December 10, 2024. Statista. Accessed April 29, 2025. https://www.statista.com/statistics/206050/total-debt-as-a-percentage-of-gdp-in-selected-countries/
Bank for International Settlements. (2024). Total credit to the non‑financial sector as percentage of the GDP in June 2024, selected countries. Statista. Statista Inc.. Accessed: April 29, 2025. https://www.statista.com/statistics/206050/total-debt-as-a-percentage-of-gdp-in-selected-countries/
Bank for International Settlements. "Total Credit to The Non‑financial Sector as Percentage of The Gdp in June 2024, Selected Countries." Statista, Statista Inc., 10 Dec 2024, https://www.statista.com/statistics/206050/total-debt-as-a-percentage-of-gdp-in-selected-countries/
Bank for International Settlements, Total credit to the non‑financial sector as percentage of the GDP in June 2024, selected countries Statista, https://www.statista.com/statistics/206050/total-debt-as-a-percentage-of-gdp-in-selected-countries/ (last visited April 29, 2025)
Total credit to the non‑financial sector as percentage of the GDP in June 2024, selected countries [Graph], Bank for International Settlements, December 10, 2024. [Online]. Available: https://www.statista.com/statistics/206050/total-debt-as-a-percentage-of-gdp-in-selected-countries/
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