What is the difference in borrowers from commercial banks between Malawi and Nigeria?

6.24 per 1,000 adults, with Nigeria ahead.

How many years of comparable data are there for Malawi and Nigeria?

11 years are reported by both, from 2009 to 2024.

Where does this data come from?

Financial Access Survey, International Monetary Fund (IMF), published as Borrowers from commercial banks (per 1,000 adults). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Malawi vs Nigeria: Borrowers from commercial banks

Malawi

24.84 per 1,000 adults

in 2024

Nigeria

31.08 per 1,000 adults

in 2024

Malawi rank

98th

Nigeria rank

96th

Borrowers from commercial banks over time

Malawi
Nigeria

How they compare

Nigeria currently reports 31.08 per 1,000 adults against 24.84 per 1,000 adults in Malawi, a difference of 6.24 per 1,000 adults.

That makes Nigeria's figure about 1.3 times Malawi's.

The two have swapped places 2 times across 11 shared years of data; in 2009 it was Nigeria ahead.

Malawi ranks 98th and Nigeria ranks 96th of 113 countries.

Nigeria has averaged higher in every one of the 3 decades both report.

Head to head by decade

Decade	Malawi	Nigeria	Difference	Ahead
2000s	16.32 per 1,000 adults	28.22 per 1,000 adults	11.9 per 1,000 adults	Nigeria
2010s	18.23 per 1,000 adults	22.91 per 1,000 adults	4.68 per 1,000 adults	Nigeria
2020s	21.11 per 1,000 adults	32.59 per 1,000 adults	11.48 per 1,000 adults	Nigeria

Averages of every year both report within each decade.

Frequently asked questions

Which has higher borrowers from commercial banks, Malawi or Nigeria?: Nigeria, at 31.08 per 1,000 adults against 24.84 per 1,000 adults in Malawi as of 2024.
What is the difference in borrowers from commercial banks between Malawi and Nigeria?: 6.24 per 1,000 adults, with Nigeria ahead.
How many years of comparable data are there for Malawi and Nigeria?: 11 years are reported by both, from 2009 to 2024.
How do Malawi and Nigeria rank globally for borrowers from commercial banks?: Malawi ranks 98th and Nigeria ranks 96th of 113 countries.
Where does this data come from?: Financial Access Survey, International Monetary Fund (IMF), published as Borrowers from commercial banks (per 1,000 adults). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Malawi vs Nigeria: Borrowers from commercial banks. Statizoid, drawing on Financial Access Survey, International Monetary Fund (IMF). Retrieved 09 September 2026, from https://financial-sector.statizoid.com/compare/borrowers-from-commercial-banks-per-1-000-adults/malawi/nigeria/

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About this data

Indicator: Borrowers from commercial banks (per 1,000 adults)
Unit: per 1,000 adults
Source: Financial Access Survey, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 148 places, 2,388 data points, 2004–2024
Last refreshed: 03 September 2026

Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.