Non-financial corporation credit as percent of GDP: China, U.S. and India, Q3 2025.
Non-financial corporate debt to GDP compares China, the United States and India in Q3 2025. The rows measure non-financial corporation credit stock as a percent of each economy’s GDP. China ranked first at 142.4% of GDP, ahead of the United States at 72.5%. India was third at 51.9%, and China’s level was 2.74 times India’s.
| Rank | Entry | Value | Period |
|---|---|---|---|
| 1 | China | 142.4% | Q3 2025 |
| 2 | United States | 72.5% | Q3 2025 |
| 3 | India | 51.9% | Q3 2025 |
Source 1: Bank for International Settlements (BIS)
Publisher: Bank for International Settlements (BIS)
Dataset/table: Credit to the non-financial sector overview
Units: percent of GDP and outstanding credit
Date checked: 2026-05-29
Evidence: Defines the BIS credit-to-the-non-financial-sector data set and sector breakdown.
Source 2: Federal Reserve Bank of St. Louis FRED / Bank for International Settlements
Publisher: Federal Reserve Bank of St. Louis FRED / Bank for International Settlements
Dataset/table: Credit to Non-Financial Sector release
Units: percentage of GDP
Date checked: 2026-05-29
Evidence: Supports Q3 2025 non-financial-corporation credit for China value.
Source 3: Federal Reserve Bank of St. Louis FRED / Bank for International Settlements
Publisher: Federal Reserve Bank of St. Louis FRED / Bank for International Settlements
Dataset/table: Credit to Non-Financial Sector release
Units: percentage of GDP
Date checked: 2026-05-29
Evidence: Supports Q3 2025 non-financial-corporation credit for the United States value.
Source 4: Federal Reserve Bank of St. Louis FRED / Bank for International Settlements
Publisher: Federal Reserve Bank of St. Louis FRED / Bank for International Settlements
Dataset/table: Credit to Non-Financial Sector release
Units: percentage of GDP
Date checked: 2026-05-29
Evidence: Supports Q3 2025 non-financial-corporation credit for India value.
Non-financial corporate credit is expressed relative to each economy’s GDP. Values are not selected-row composition shares.
Rows use BIS non-financial corporation credit statistics as republished by FRED for Q3 2025. Values are kept as percentage-of-GDP observations.
All rows use BIS/FRED Q3 2025 percentage-of-GDP observations from the same credit-statistics family.
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