Countries Ranked by Firms using banks to finance investment share (2025)
Firms using banks to finance investment share: each country's latest value (2020–2025), ranked from highest to lowest. Source: The World Bank (CC BY 4.0).
Summary
Israel ranks #1 with 83.2% of firms (2024). Kosovo is second with 65% of firms, 28.1% behind. The top five are Israel, Kosovo, Qatar, Saudi Arabia and Central African Republic. The median across all 162 is 26.9% of firms; Chad is last at 0% of firms.
- #1
- Israel · 83.2% of firms
- Median
- 26.9% of firms
- Coverage
- 162 countries
- Data year
- 2025
- Last updated
- 2026-11-14
Full ranking
| Rank | Country | Firms using banks to finance investment share (% of firms) | Year |
|---|---|---|---|
| 1 | Israel | 83.2 | 2024 |
| 2 | Kosovo | 65 | 2025 |
| 3 | Qatar | 64.4 | 2025 |
| 4 | Saudi Arabia | 57.1 | 2025 |
| 5 | Central African Republic | 56.5 | 2023 |
| 6 | Peru | 54 | 2023 |
| 7 | Belgium | 53.3 | 2025 |
| 8 | Uganda | 52.2 | 2025 |
| 9 | Italy | 48.8 | 2024 |
| 10 | Malawi | 47.7 | 2025 |
| 11 | Zimbabwe | 47.7 | 2025 |
| 12 | India | 47.5 | 2025 |
| 13 | Burundi | 47.2 | 2025 |
| 14 | Poland | 46.8 | 2025 |
| 15 | Morocco | 46.5 | 2023 |
| 16 | Korea, Rep. | 46.4 | 2024 |
| 17 | Armenia | 45.2 | 2024 |
| 18 | Slovak Republic | 43.7 | 2023 |
| 19 | Panama | 43.6 | 2025 |
| 20 | Kenya | 42.1 | 2025 |
| 21 | Chile | 41.4 | 2025 |
| 22 | Dominican Republic | 41.1 | 2025 |
| 23 | France | 41.1 | 2025 |
| 24 | Serbia | 40.7 | 2024 |
| 25 | Spain | 40 | 2024 |
| 26 | Djibouti | 39.8 | 2025 |
| 27 | El Salvador | 39.4 | 2023 |
| 28 | Colombia | 38.5 | 2023 |
| 29 | Côte d'Ivoire | 38.4 | 2023 |
| 30 | Lithuania | 38.2 | 2025 |
| 31 | Bosnia and Herzegovina | 38 | 2023 |
| 32 | Ecuador | 37.8 | 2024 |
| 33 | Papua New Guinea | 37.4 | 2024 |
| 34 | Guatemala | 36.1 | 2025 |
| 35 | South Sudan | 36.1 | 2024 |
| 36 | Georgia | 35.3 | 2023 |
| 37 | Iceland | 35 | 2024 |
| 38 | Mauritius | 34.8 | 2023 |
| 39 | Bahrain | 34.7 | 2024 |
| 40 | Senegal | 34.7 | 2024 |
| 41 | St. Lucia | 34.6 | 2025 |
| 42 | Paraguay | 34 | 2023 |
| 43 | Luxembourg | 33.8 | 2020 |
| 44 | Japan | 33.6 | 2025 |
| 45 | Nepal | 33.4 | 2023 |
| 46 | Bolivia | 33.3 | 2025 |
| 47 | Costa Rica | 32.8 | 2023 |
| 48 | Mongolia | 32.8 | 2025 |
| 49 | Cameroon | 32.7 | 2024 |
| 50 | Tunisia | 32.6 | 2024 |
| 51 | Malaysia | 32.4 | 2024 |
| 52 | Jamaica | 32.3 | 2024 |
| 53 | Azerbaijan | 31.6 | 2024 |
| 54 | Barbados | 31.4 | 2023 |
| 55 | Croatia | 30.9 | 2023 |
| 56 | North Macedonia | 30.5 | 2023 |
| 57 | Brazil | 30.4 | 2025 |
| 58 | Sri Lanka | 30.1 | 2025 |
| 59 | Estonia | 30 | 2023 |
| 60 | Fiji | 29.9 | 2025 |
| 61 | Canada | 29.9 | 2024 |
| 62 | Samoa | 29.9 | 2023 |
| 63 | Botswana | 29.8 | 2023 |
| 64 | Bulgaria | 29.4 | 2023 |
| 65 | Germany | 29.2 | 2025 |
| 66 | Viet Nam | 29.2 | 2023 |
| 67 | St. Vincent and the Grenadines | 29 | 2025 |
| 68 | Mexico | 28.9 | 2023 |
| 69 | Philippines | 28.9 | 2023 |
| 70 | Uruguay | 28.8 | 2024 |
| 71 | Australia | 28.8 | 2025 |
| 72 | Czechia | 28.7 | 2025 |
| 73 | Indonesia | 28.6 | 2023 |
| 74 | Belize | 28.4 | 2025 |
| 75 | Eswatini | 27.8 | 2024 |
| 76 | Kazakhstan | 27.6 | 2024 |
| 77 | Austria | 27.1 | 2025 |
| 78 | Hungary | 27 | 2023 |
| 79 | Moldova | 27 | 2024 |
| 80 | Montenegro | 26.9 | 2023 |
| 81 | Namibia | 26.9 | 2024 |
| 82 | Bhutan | 26.9 | 2024 |
| 83 | Slovenia | 26.8 | 2024 |
| 84 | Türkiye | 26.7 | 2024 |
| 85 | Benin | 26.6 | 2024 |
| 86 | Jordan | 26.1 | 2024 |
| 87 | Sweden | 25.6 | 2024 |
| 88 | Cyprus | 25.4 | 2024 |
| 89 | Netherlands | 24.9 | 2025 |
| 90 | Finland | 24.9 | 2025 |
| 91 | Denmark | 24.8 | 2025 |
| 92 | Romania | 24.7 | 2023 |
| 93 | New Zealand | 24.5 | 2023 |
| 94 | Rwanda | 24.3 | 2023 |
| 95 | Hong Kong SAR, China | 24 | 2023 |
| 96 | Gabon | 23.9 | 2025 |
| 97 | Greece | 22.9 | 2023 |
| 98 | Uzbekistan | 22.6 | 2024 |
| 99 | Singapore | 22.5 | 2023 |
| 100 | Solomon Islands | 22.4 | 2025 |
Showing the top 100 of 162. Premium downloads the full list as CSV or JSON.
About the top 10
#1 Israel
Israel ranks #1 on this list with 83.2% of firms (2024).
- Capital
- Jerusalem
- Continent
- Asia
- Income group
- High income
- Population
- 10.12 million people (2025)
- GDP
- US$610.78 billion (2025)
- GDP per person
- US$60,337 (2025)
- Life expectancy
- 83.2 years (2024)
- Urban population
- 91.6% of population (2025)
Largest cities: Jerusalem.
Also ranks #1 in r&d expenditure share of gdp · #7 in irrigated land share · #10 in atms per 100,000 adults.
#2 Kosovo
Kosovo ranks #2 on this list with 65% of firms.
- Continent
- Europe
- Income group
- Upper middle income
- Population
- 1.58 million people (2025)
- GDP
- US$12.46 billion (2025)
- GDP per person
- US$7,899 (2025)
- Life expectancy
- 78.2 years (2024)
- Urban population
- 50.9% of population (2025)
Also ranks #13 in gross capital formation rate · #32 in population ages 15-64 share · #35 in poverty headcount ratio.
#3 Qatar
Qatar ranks #3 on this list with 64.4% of firms.
- Capital
- Doha
- Continent
- Asia
- Income group
- High income
- Population
- 2.97 million people (2025)
- GDP
- US$215.56 billion (2025)
- GDP per person
- US$72,525 (2025)
- Life expectancy
- 82.5 years (2024)
- Urban population
- 99.4% of population (2025)
Largest cities: Doha.
Also ranks #1 in male population share · #1 in population ages 15-64 share · #1 in labour force participation rate.
#4 Saudi Arabia
Saudi Arabia ranks #4 on this list with 57.1% of firms.
- Capital
- Riyadh
- Continent
- Asia
- Income group
- High income
- Population
- 36.97 million people (2025)
- GDP
- US$1.28 trillion (2025)
- GDP per person
- US$34,537 (2025)
- Life expectancy
- 79 years (2024)
- Urban population
- 84.6% of population (2025)
Largest cities: Riyadh, Jeddah, Medina.
Also ranks #2 in population growth rate · #2 in crop production index · #2 in pm2.5 air pollution exposure.
#5 Central African Republic
Central African Republic ranks #5 on this list with 56.5% of firms (2023).
- Capital
- Bangui
- Continent
- Africa
- Income group
- Low income
- Population
- 5.51 million people (2025)
- GDP
- US$3.07 billion (2025)
- GDP per person
- US$556.1 (2025)
- Life expectancy
- 57.7 years (2024)
- Urban population
- 44.6% of population (2025)
Also ranks #1 in population ages 0-14 share · #1 in age dependency ratio · #1 in age dependency ratio (young).
#6 Peru
Peru ranks #6 on this list with 54% of firms (2023).
- Capital
- Lima
- Continent
- South America
- Income group
- Upper middle income
- Population
- 34.58 million people (2025)
- GDP
- US$334.85 billion (2025)
- GDP per person
- US$9,684 (2025)
- Life expectancy
- 77.9 years (2024)
- Urban population
- 85.6% of population (2025)
Largest cities: Lima, Arequipa.
Also ranks #5 in fish production · #7 in atms per 100,000 adults · #9 in mineral rents share of gdp.
#7 Belgium
Belgium ranks #7 on this list with 53.3% of firms.
- Capital
- Brussels
- Continent
- Europe
- Income group
- High income
- Population
- 11.94 million people (2025)
- GDP
- US$725.47 billion (2025)
- GDP per person
- US$60,750 (2025)
- Life expectancy
- 82.3 years (2024)
- Urban population
- 87.7% of population (2025)
Also ranks #2 in school enrolment (secondary) · #4 in access to clean cooking fuels · #6 in gender parity index (school enrolment).
#8 Uganda
Uganda ranks #8 on this list with 52.2% of firms.
- Capital
- Kampala
- Continent
- Africa
- Income group
- Low income
- Population
- 51.39 million people (2025)
- GDP
- US$61.99 billion (2025)
- GDP per person
- US$1,206 (2025)
- Life expectancy
- 68.5 years (2024)
- Urban population
- 31.9% of population (2025)
Largest cities: Kampala.
Also ranks #6 in renewable energy share · #6 in refugee population by asylum · #7 in agricultural land share.
#9 Italy
Italy ranks #9 on this list with 48.8% of firms (2024).
- Capital
- Rome
- Continent
- Europe
- Income group
- High income
- Population
- 58.92 million people (2025)
- GDP
- US$2.55 trillion (2025)
- GDP per person
- US$43,309 (2025)
- Life expectancy
- 84 years (2024)
- Urban population
- 69.7% of population (2025)
Largest cities: Rome, Milan, Naples.
Also ranks #4 in population ages 65+ share · #5 in age dependency ratio (old) · #6 in tourism arrivals.
#10 Malawi
Malawi ranks #10 on this list with 47.7% of firms.
- Capital
- Lilongwe
- Continent
- Africa
- Income group
- Low income
- Population
- 22.22 million people (2025)
- GDP
- US$14.92 billion (2025)
- GDP per person
- US$671.5 (2025)
- Life expectancy
- 67.6 years (2024)
- Urban population
- 17.6% of population (2025)
Also ranks #3 in school enrolment (primary) · #3 in pupil-teacher ratio (primary) · #3 in poverty headcount ratio.
Profile facts: World Bank (CC BY 4.0) and Wikidata (CC0); weather links go to Purr Weather, another ChowChow Labs site.
Source and method
Firms using banks to finance investment share: each country's latest value (2020–2025), ranked from highest to lowest.
Source: The World Bank, indicator IC.FRM.BNKS.ZS. Licence: CC BY 4.0. Retrieved: 2026-11-14.
The World Bank: Firms using banks to finance investment (% of firms): Enterprise Surveys, World Bank (WB) (via World Development Indicators)
Original data provider, as recorded by the World Bank: Enterprise Surveys, World Bank (WB).
Values are shown as published. Provider terms: The World Bank. All licences: Sources & licences.