Borrowers from commercial banks in Africa Western and Central
Africa Western and Central: Borrowers from commercial banks was 33.35 per 1,000 adults in 2020. ▲ Rising
Borrowers from commercial banks in Africa Western and Central, 2015–2020
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2020, borrowers from commercial banks in Africa Western and Central stood at 33.35 per 1,000 adults. That is the highest value across all 5 years on record.
That represents a change of up 2.6% on the previous year and up 55.7% over ten years.
Africa Western and Central ranks 35th of 35 groups on this measure, in the bottom quarter.
Borrowers from commercial banks in Africa Western and Central, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2015 | 21.42 per 1,000 adults | — |
| 2016 | 22.67 per 1,000 adults | +5.8% |
| 2017 | 22.13 per 1,000 adults | -2.4% |
| 2019 | 32.49 per 1,000 adults | +46.8% |
| 2020 | 33.35 per 1,000 adults | +2.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 24.68 per 1,000 adults | 21.42 per 1,000 adults | 32.49 per 1,000 adults | 4 |
| 2020s | 33.35 per 1,000 adults | 33.35 per 1,000 adults | 33.35 per 1,000 adults | 1 |
Countries ranked near Africa Western and Central
- 32 Chile 355.49 per 1,000 adults compare
- 33 Brunei Darussalam 352.34 per 1,000 adults compare
- 34 Cyprus 348.79 per 1,000 adults compare
- 35 Bosnia and Herzegovina 333.58 per 1,000 adults compare
- 36 Kenya 324.9 per 1,000 adults compare
- 37 Montenegro 321.87 per 1,000 adults compare
- 38 Thailand 309.67 per 1,000 adults compare
More financial sector data for Africa Western and Central
- Net migration -338,771 (2025)
- Total reserves in months of imports 7.16 (2025)
- Broad money 28.7% (2023)
- Claims on central government, etc. 10.2% (2022)
- Domestic credit to private sector 12.6% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 13.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Monetary Sector credit to private sector 12.6% (2022)
- Net migration, annual growth rate -103.45 % change on previous year (2024)
Frequently asked questions
- What is borrowers from commercial banks in Africa Western and Central?
- Borrowers from commercial banks in Africa Western and Central was 33.35 per 1,000 adults in 2020, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Africa Western and Central?
- The highest recorded value was 33.35 per 1,000 adults in 2020.
- What is the lowest borrowers from commercial banks recorded in Africa Western and Central?
- The lowest recorded value was 21.42 per 1,000 adults in 2015.
- How does Africa Western and Central rank for borrowers from commercial banks?
- Africa Western and Central ranks 35th out of 35 groups with data for 2020.
- Is borrowers from commercial banks rising or falling in Africa Western and Central?
- Over the last ten years it is up 55.7%. The long-run trend across the full record is rising.
- Where does this Africa Western and Central data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
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.