Borrowers from commercial banks (per 1,000 adults) in Guinea
Guinea: Borrowers from commercial banks (per 1,000 adults) was 22.48 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Guinea, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
Guinea recorded 22.48 per 1,000 adults for borrowers from commercial banks in 2024. That is the highest value across all 21 years on record.
That represents a change of up 3.4% on the previous year and up 107.3% over ten years.
Over the whole period, borrowers from commercial banks in Guinea peaked at 22.48 per 1,000 adults in 2024 and was at its lowest, 2.38 per 1,000 adults, in 2004.
That places Guinea 101st out of 113 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks (per 1,000 adults) in Guinea, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 2.38 per 1,000 adults | — |
| 2005 | 2.61 per 1,000 adults | +10.0% |
| 2006 | 2.89 per 1,000 adults | +10.7% |
| 2007 | 3.41 per 1,000 adults | +17.8% |
| 2008 | 3.8 per 1,000 adults | +11.5% |
| 2009 | 4.62 per 1,000 adults | +21.6% |
| 2010 | 5.56 per 1,000 adults | +20.3% |
| 2011 | 6.99 per 1,000 adults | +25.6% |
| 2012 | 8.84 per 1,000 adults | +26.5% |
| 2013 | 14.26 per 1,000 adults | +61.3% |
| 2014 | 10.85 per 1,000 adults | -23.9% |
| 2015 | 15.59 per 1,000 adults | +43.7% |
| 2016 | 11.51 per 1,000 adults | -26.2% |
| 2017 | 10.56 per 1,000 adults | -8.3% |
| 2018 | 11.73 per 1,000 adults | +11.2% |
| 2019 | 12.67 per 1,000 adults | +8.0% |
| 2020 | 15.31 per 1,000 adults | +20.8% |
| 2021 | 15.91 per 1,000 adults | +3.9% |
| 2022 | 17.22 per 1,000 adults | +8.3% |
| 2023 | 21.74 per 1,000 adults | +26.2% |
| 2024 | 22.48 per 1,000 adults | +3.4% |
Guinea compared with similar countries
- Guinea's 22.48 per 1,000 adults is below the median for lower middle income countries, which is 58.55 per 1,000 adults, 38% of the median. (35 countries reporting)
- Guinea's 22.48 per 1,000 adults is below the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 41% of the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.29 per 1,000 adults | 2.38 per 1,000 adults | 4.62 per 1,000 adults | 6 |
| 2010s | 10.86 per 1,000 adults | 5.56 per 1,000 adults | 15.59 per 1,000 adults | 10 |
| 2020s | 18.53 per 1,000 adults | 15.31 per 1,000 adults | 22.48 per 1,000 adults | 5 |
Countries ranked near Guinea
More financial sector data for Guinea
- 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 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.44 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 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.78 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 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.44 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 Guinea?
- Borrowers from commercial banks in Guinea was 22.48 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 Guinea?
- The highest recorded value was 22.48 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Guinea?
- The lowest recorded value was 2.38 per 1,000 adults in 2004.
- How does Guinea rank for borrowers from commercial banks?
- Guinea ranks 101st out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Guinea?
- Over the last ten years it is up 107.3%. The long-run trend across the full record is volatile.
- Where does this Guinea 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.