Borrowers from commercial banks in Lower middle income
Lower middle income: Borrowers from commercial banks was 75.98 per 1,000 adults in 2024. ▲ Rising
Borrowers from commercial banks in Lower middle income, 2007–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Lower middle income stood at 75.98 per 1,000 adults.
Compared with earlier readings it is down 8.1% on the previous year and up 47.5% over ten years.
Over the whole period, borrowers from commercial banks in Lower middle income peaked at 85.55 per 1,000 adults in 2022 and was at its lowest, 24.85 per 1,000 adults, in 2007.
Lower middle income ranks 24th of 35 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Borrowers from commercial banks in Lower middle income, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2007 | 24.85 per 1,000 adults | — |
| 2008 | 28.44 per 1,000 adults | +14.4% |
| 2009 | 26.68 per 1,000 adults | -6.2% |
| 2010 | 29.2 per 1,000 adults | +9.5% |
| 2011 | 34.16 per 1,000 adults | +17.0% |
| 2012 | 39.8 per 1,000 adults | +16.5% |
| 2013 | 44.08 per 1,000 adults | +10.8% |
| 2014 | 51.5 per 1,000 adults | +16.8% |
| 2015 | 45.78 per 1,000 adults | -11.1% |
| 2016 | 40.21 per 1,000 adults | -12.2% |
| 2017 | 43.16 per 1,000 adults | +7.3% |
| 2018 | 44.93 per 1,000 adults | +4.1% |
| 2019 | 55.39 per 1,000 adults | +23.3% |
| 2020 | 61.39 per 1,000 adults | +10.8% |
| 2021 | 82.34 per 1,000 adults | +34.1% |
| 2022 | 85.55 per 1,000 adults | +3.9% |
| 2023 | 82.64 per 1,000 adults | -3.4% |
| 2024 | 75.98 per 1,000 adults | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.66 per 1,000 adults | 24.85 per 1,000 adults | 28.44 per 1,000 adults | 3 |
| 2010s | 42.82 per 1,000 adults | 29.2 per 1,000 adults | 55.39 per 1,000 adults | 10 |
| 2020s | 77.58 per 1,000 adults | 61.39 per 1,000 adults | 85.55 per 1,000 adults | 5 |
Countries ranked near Lower middle income
- 21 Hungary 417.28 per 1,000 adults compare
- 22 San Marino 416.24 per 1,000 adults compare
- 23 Lithuania 408.04 per 1,000 adults compare
- 24 Maldives 403.15 per 1,000 adults compare
- 25 Bulgaria 392.81 per 1,000 adults compare
- 26 Azerbaijan 392.8 per 1,000 adults compare
- 27 Argentina 389.59 per 1,000 adults compare
More financial sector data for Lower middle income
- Net migration -3.12 million (2025)
- Total reserves in months of imports 7.24 (2025)
- Monetary Sector credit to private sector 39.6% (2025)
- Broad money 67.4% (2021)
- Claims on central government, etc. 20.8% (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 3.14 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 38.8% (2025)
- Net migration, annual growth rate 7.34 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Lower middle income?
- Borrowers from commercial banks in Lower middle income was 75.98 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 Lower middle income?
- The highest recorded value was 85.55 per 1,000 adults in 2022.
- What is the lowest borrowers from commercial banks recorded in Lower middle income?
- The lowest recorded value was 24.85 per 1,000 adults in 2007.
- How does Lower middle income rank for borrowers from commercial banks?
- Lower middle income ranks 24th out of 35 groups with data for 2024.
- Is borrowers from commercial banks rising or falling in Lower middle income?
- Over the last ten years it is up 47.5%. The long-run trend across the full record is rising.
- Where does this Lower middle income 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.