Borrowers from commercial banks in Namibia
Namibia: Borrowers from commercial banks 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 112 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 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% |
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
- Net domestic credit (current LCU), per capita 58,055 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 11.91 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 16.99 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2018)
- Gold reserves at market value 0 SDR (2018)
- Reserves excluding gold, foreign exchange 2.10 billion SDR (2025)
- Reserves excluding gold 2.27 billion SDR (2025)
- Total reserves (gold at market value) 2.27 billion SDR (2025)
- Total reserves (gold at national valuation) 2.27 billion SDR (2025)
- Total reserves (gold at national valuation) (SDR), per capita 732.96 SDR per person (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 112 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.