* Includes only countries who provide data to the source, with a list available .
Values are aggregates based on conversion to US dollars at PPP exchange rates and calculated using core credit, which captures the outstanding amount of credit at the end of the end of each quarter. In terms of financial instruments, the values include the core debt, defined as loans, debt securities and currency & deposits.
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Global nonfinancial corporation debt as a share of GDP quarterly 2008-2023
In the first quarter of 2023, the debt of nonfinancial corporations worldwide reached ** percent of global GDP. A sharp increase in this figure in the first quarter of 2020 can be attributed to the outbreak of the coronavirus pandemic (COVID-19).
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Bank for International Settlements. (September 7, 2023). Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023 [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved August 03, 2026, from /statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/
Bank for International Settlements. "Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023." Chart. September 7, 2023. ÌÇÐÄÆÆ½â°æ. Accessed August 03, 2026. /statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/
Bank for International Settlements. (2023). Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: August 03, 2026. /statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/
Bank for International Settlements. "Debt of Nonfinancial Corporations Worldwide as a Share of Gdp from 1st Quarter 2008 to 1st Quarter 2023." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 7 Sep 2023, /statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/
Bank for International Settlements, Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023 ÌÇÐÄÆÆ½â°æ, /statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/ (last visited August 03, 2026)
Debt of nonfinancial corporations worldwide as a share of GDP from 1st quarter 2008 to 1st quarter 2023 [Graph], Bank for International Settlements, September 7, 2023. [Online]. Available: /statistics/1075404/nonfinancial-corporation-debt-share-gdp-worldwide-quarter/