Borrowers from commercial banks (per 1,000 adults) in Namibia
Namibia: Borrowers from commercial banks (per 1,000 adults) was 297.11 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Namibia, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
Namibia recorded 297.11 per 1,000 adults for borrowers from commercial banks in 2024.
That represents a change of up 2.4% on the previous year and up 17.4% over ten years.
Over the whole period, borrowers from commercial banks in Namibia peaked at 311.93 per 1,000 adults in 2021 and was at its lowest, 32.78 per 1,000 adults, in 2005.
That places Namibia 41st out of 113 countries with data for 2024, putting it in the middle of the range.
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 Namibia, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 33.72 per 1,000 adults | — |
| 2005 | 32.78 per 1,000 adults | -2.8% |
| 2006 | 48.3 per 1,000 adults | +47.4% |
| 2007 | 51.4 per 1,000 adults | +6.4% |
| 2008 | 50.75 per 1,000 adults | -1.3% |
| 2009 | 49.94 per 1,000 adults | -1.6% |
| 2010 | 49.76 per 1,000 adults | -0.4% |
| 2011 | 151.64 per 1,000 adults | +204.7% |
| 2012 | 203.69 per 1,000 adults | +34.3% |
| 2013 | 266.12 per 1,000 adults | +30.7% |
| 2014 | 253.16 per 1,000 adults | -4.9% |
| 2015 | 243.23 per 1,000 adults | -3.9% |
| 2016 | 305.15 per 1,000 adults | +25.5% |
| 2017 | 298.93 per 1,000 adults | -2.0% |
| 2018 | 286.34 per 1,000 adults | -4.2% |
| 2019 | 298.19 per 1,000 adults | +4.1% |
| 2020 | 275.2 per 1,000 adults | -7.7% |
| 2021 | 311.93 per 1,000 adults | +13.3% |
| 2022 | 306.44 per 1,000 adults | -1.8% |
| 2023 | 290.24 per 1,000 adults | -5.3% |
| 2024 | 297.11 per 1,000 adults | +2.4% |
Namibia compared with similar countries
- Namibia's 297.11 per 1,000 adults is above the median for lower middle income countries, which is 58.55 per 1,000 adults, 5.1× the median. (35 countries reporting)
- Namibia's 297.11 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 5.4× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Borrowers from commercial banks (per 1,000 adults) in Namibia changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | +204.7% | 49.76 per 1,000 adults | 151.64 per 1,000 adults |
| 2006 | +47.4% | 32.78 per 1,000 adults | 48.3 per 1,000 adults |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 44.48 per 1,000 adults | 32.78 per 1,000 adults | 51.4 per 1,000 adults | 6 |
| 2010s | 235.62 per 1,000 adults | 49.76 per 1,000 adults | 305.15 per 1,000 adults | 10 |
| 2020s | 296.18 per 1,000 adults | 275.2 per 1,000 adults | 311.93 per 1,000 adults | 5 |
Countries ranked near Namibia
More financial sector data for Namibia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0663 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0484 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0663 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 Namibia?
- Borrowers from commercial banks in Namibia was 297.11 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 Namibia?
- The highest recorded value was 311.93 per 1,000 adults in 2021.
- What is the lowest borrowers from commercial banks recorded in Namibia?
- The lowest recorded value was 32.78 per 1,000 adults in 2005.
- How does Namibia rank for borrowers from commercial banks?
- Namibia ranks 41st out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Namibia?
- Over the last ten years it is up 17.4%. The long-run trend across the full record is volatile.
- Where does this Namibia 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.