Borrowers from commercial banks (per 1,000 adults) in Ecuador
Ecuador: Borrowers from commercial banks (per 1,000 adults) was 147.64 per 1,000 adults in 2024. ▼ Falling
Borrowers from commercial banks in Ecuador, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Ecuador is 147.64 per 1,000 adults, measured in 2024.
Compared with earlier readings it is up 1.9% on the previous year and down 34.6% over ten years.
Over the whole period, borrowers from commercial banks in Ecuador peaked at 391.06 per 1,000 adults in 2005 and was at its lowest, 119.6 per 1,000 adults, in 2020.
That places Ecuador 66th out of 113 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Borrowers from commercial banks (per 1,000 adults) in Ecuador, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 293.48 per 1,000 adults | — |
| 2005 | 391.06 per 1,000 adults | +33.2% |
| 2006 | 225.22 per 1,000 adults | -42.4% |
| 2007 | 226.78 per 1,000 adults | +0.7% |
| 2008 | 252.87 per 1,000 adults | +11.5% |
| 2009 | 270.8 per 1,000 adults | +7.1% |
| 2010 | 254.98 per 1,000 adults | -5.8% |
| 2011 | 291.72 per 1,000 adults | +14.4% |
| 2012 | 235.62 per 1,000 adults | -19.2% |
| 2013 | 212.15 per 1,000 adults | -10.0% |
| 2014 | 225.81 per 1,000 adults | +6.4% |
| 2015 | 220.38 per 1,000 adults | -2.4% |
| 2016 | 215.27 per 1,000 adults | -2.3% |
| 2017 | 206.61 per 1,000 adults | -4.0% |
| 2018 | 204.09 per 1,000 adults | -1.2% |
| 2019 | 131.63 per 1,000 adults | -35.5% |
| 2020 | 119.6 per 1,000 adults | -9.1% |
| 2021 | 135.24 per 1,000 adults | +13.1% |
| 2022 | 144.08 per 1,000 adults | +6.5% |
| 2023 | 144.93 per 1,000 adults | +0.6% |
| 2024 | 147.64 per 1,000 adults | +1.9% |
Ecuador compared with similar countries
- Ecuador's 147.64 per 1,000 adults is below the median for upper middle income countries, which is 263.02 per 1,000 adults, 56% of the median. (33 countries reporting)
- Ecuador's 147.64 per 1,000 adults is below the median for Latin America & Caribbean, which is 217.66 per 1,000 adults, 68% of the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 276.7 per 1,000 adults | 225.22 per 1,000 adults | 391.06 per 1,000 adults | 6 |
| 2010s | 219.82 per 1,000 adults | 131.63 per 1,000 adults | 291.72 per 1,000 adults | 10 |
| 2020s | 138.3 per 1,000 adults | 119.6 per 1,000 adults | 147.64 per 1,000 adults | 5 |
Countries ranked near Ecuador
More financial sector data for Ecuador
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.14 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.56 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.14 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Ecuador?
- Borrowers from commercial banks in Ecuador was 147.64 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Ecuador?
- The highest recorded value was 391.06 per 1,000 adults in 2005.
- What is the lowest borrowers from commercial banks recorded in Ecuador?
- The lowest recorded value was 119.6 per 1,000 adults in 2020.
- How does Ecuador rank for borrowers from commercial banks?
- Ecuador ranks 66th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Ecuador?
- Over the last ten years it is down 34.6%. The long-run trend across the full record is falling.
- Where does this Ecuador 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.