Borrowers from commercial banks in Latin America & Caribbean
Latin America & Caribbean: Borrowers from commercial banks was 259.81 per 1,000 adults in 2024. ▲ Rising
Borrowers from commercial banks in Latin America & Caribbean, 2006–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Latin America & Caribbean stood at 259.81 per 1,000 adults. That is the highest value across all 19 years on record.
The figure is up 4.5% on the previous year and up 18.7% over ten years.
Over the whole period, borrowers from commercial banks in Latin America & Caribbean peaked at 259.81 per 1,000 adults in 2024 and was at its lowest, 127.78 per 1,000 adults, in 2006.
Latin America & Caribbean ranks 11th of 35 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Borrowers from commercial banks in Latin America & Caribbean, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2006 | 127.78 per 1,000 adults | — |
| 2007 | 133.92 per 1,000 adults | +4.8% |
| 2008 | 142.62 per 1,000 adults | +6.5% |
| 2009 | 151.33 per 1,000 adults | +6.1% |
| 2010 | 171.82 per 1,000 adults | +13.5% |
| 2011 | 169.25 per 1,000 adults | -1.5% |
| 2012 | 196.5 per 1,000 adults | +16.1% |
| 2013 | 208.12 per 1,000 adults | +5.9% |
| 2014 | 218.89 per 1,000 adults | +5.2% |
| 2015 | 224.16 per 1,000 adults | +2.4% |
| 2016 | 228.91 per 1,000 adults | +2.1% |
| 2017 | 224.86 per 1,000 adults | -1.8% |
| 2018 | 245.11 per 1,000 adults | +9.0% |
| 2019 | 232.08 per 1,000 adults | -5.3% |
| 2020 | 218.06 per 1,000 adults | -6.0% |
| 2021 | 234.94 per 1,000 adults | +7.7% |
| 2022 | 243.78 per 1,000 adults | +3.8% |
| 2023 | 248.69 per 1,000 adults | +2.0% |
| 2024 | 259.81 per 1,000 adults | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 138.91 per 1,000 adults | 127.78 per 1,000 adults | 151.33 per 1,000 adults | 4 |
| 2010s | 211.97 per 1,000 adults | 169.25 per 1,000 adults | 245.11 per 1,000 adults | 10 |
| 2020s | 241.06 per 1,000 adults | 218.06 per 1,000 adults | 259.81 per 1,000 adults | 5 |
Countries ranked near Latin America & Caribbean
- 8 China 662.05 per 1,000 adults compare
- 9 United Arab Emirates 628.86 per 1,000 adults compare
- 10 Italy 587.27 per 1,000 adults compare
- 11 Georgia 559.22 per 1,000 adults compare
- 12 Serbia 551.05 per 1,000 adults compare
- 13 Croatia 540.72 per 1,000 adults compare
- 14 Tajikistan 513.08 per 1,000 adults compare
More financial sector data for Latin America & Caribbean
- Net migration -401,848 (2025)
- Total reserves in months of imports 6.54 (2025)
- Broad money 72.7% (2025)
- Claims on central government, etc. 33.6% (2025)
- Domestic credit to private sector 52.6% (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 3.91 % 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 48.2% (2025)
- Net migration, annual growth rate -6.2 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Latin America & Caribbean?
- Borrowers from commercial banks in Latin America & Caribbean was 259.81 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 Latin America & Caribbean?
- The highest recorded value was 259.81 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Latin America & Caribbean?
- The lowest recorded value was 127.78 per 1,000 adults in 2006.
- How does Latin America & Caribbean rank for borrowers from commercial banks?
- Latin America & Caribbean ranks 11th out of 35 groups with data for 2024.
- Is borrowers from commercial banks rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 18.7%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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.