Borrowers from commercial banks (per 1,000 adults) in Saudi Arabia
Saudi Arabia: Borrowers from commercial banks (per 1,000 adults) was 234.69 per 1,000 adults in 2024. ▲ Rising
Borrowers from commercial banks in Saudi Arabia, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for borrowers from commercial banks in Saudi Arabia is 234.69 per 1,000 adults, measured in 2024. That is the highest value across all 21 years on record.
That represents a change of up 6.9% on the previous year and up 26.2% over ten years.
Over the whole period, borrowers from commercial banks in Saudi Arabia peaked at 234.69 per 1,000 adults in 2024 and was at its lowest, 105.82 per 1,000 adults, in 2004.
That places Saudi Arabia 53rd out of 113 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 21 years of available data.
Borrowers from commercial banks (per 1,000 adults) in Saudi Arabia, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 105.82 per 1,000 adults | — |
| 2005 | 125.08 per 1,000 adults | +18.2% |
| 2006 | 152.55 per 1,000 adults | +22.0% |
| 2007 | 161.69 per 1,000 adults | +6.0% |
| 2008 | 185.74 per 1,000 adults | +14.9% |
| 2009 | 178.9 per 1,000 adults | -3.7% |
| 2010 | 186.14 per 1,000 adults | +4.0% |
| 2011 | 189.19 per 1,000 adults | +1.6% |
| 2012 | 174.4 per 1,000 adults | -7.8% |
| 2013 | 178.91 per 1,000 adults | +2.6% |
| 2014 | 185.89 per 1,000 adults | +3.9% |
| 2015 | 175.81 per 1,000 adults | -5.4% |
| 2016 | 171.9 per 1,000 adults | -2.2% |
| 2017 | 213.64 per 1,000 adults | +24.3% |
| 2018 | 200.27 per 1,000 adults | -6.3% |
| 2019 | 161.36 per 1,000 adults | -19.4% |
| 2020 | 145.19 per 1,000 adults | -10.0% |
| 2021 | 171.78 per 1,000 adults | +18.3% |
| 2022 | 176.77 per 1,000 adults | +2.9% |
| 2023 | 219.46 per 1,000 adults | +24.1% |
| 2024 | 234.69 per 1,000 adults | +6.9% |
Saudi Arabia compared with similar countries
- Saudi Arabia's 234.69 per 1,000 adults is below the median for high income countries, which is 408.04 per 1,000 adults, 58% of the median. (29 countries reporting)
- Saudi Arabia's 234.69 per 1,000 adults is above the median for Middle East, North Africa, Afghanistan & Pakistan, which is 152.43 per 1,000 adults, 1.5× the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 151.63 per 1,000 adults | 105.82 per 1,000 adults | 185.74 per 1,000 adults | 6 |
| 2010s | 183.75 per 1,000 adults | 161.36 per 1,000 adults | 213.64 per 1,000 adults | 10 |
| 2020s | 189.58 per 1,000 adults | 145.19 per 1,000 adults | 234.69 per 1,000 adults | 5 |
Countries ranked near Saudi Arabia
- 50 Dominican Republic 250.49 per 1,000 adults compare
- 51 Romania 246.63 per 1,000 adults compare
- 52 Seychelles 235.02 per 1,000 adults compare
- 54 Moldova 210.26 per 1,000 adults compare
- 55 Cape Verde 208.75 per 1,000 adults compare
- 56 Kuwait 198.93 per 1,000 adults compare
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Saudi Arabia?
- Borrowers from commercial banks in Saudi Arabia was 234.69 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 Saudi Arabia?
- The highest recorded value was 234.69 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Saudi Arabia?
- The lowest recorded value was 105.82 per 1,000 adults in 2004.
- How does Saudi Arabia rank for borrowers from commercial banks?
- Saudi Arabia ranks 53rd out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Saudi Arabia?
- Over the last ten years it is up 26.2%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia 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.