Borrowers from commercial banks (per 1,000 adults) in Seychelles
Seychelles: Borrowers from commercial banks (per 1,000 adults) was 235.02 per 1,000 adults in 2024. ▲ Rising
Borrowers from commercial banks in Seychelles, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Seychelles stood at 235.02 per 1,000 adults.
Compared with earlier readings it is up 10.7% on the previous year and up 4.8% over ten years.
Over the whole period, borrowers from commercial banks in Seychelles peaked at 287.24 per 1,000 adults in 2019 and was at its lowest, 76.66 per 1,000 adults, in 2004.
Seychelles ranks 52nd of 113 countries on this measure, 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 Seychelles, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 76.66 per 1,000 adults | — |
| 2005 | 89.66 per 1,000 adults | +17.0% |
| 2006 | 93.01 per 1,000 adults | +3.7% |
| 2007 | 111.11 per 1,000 adults | +19.5% |
| 2008 | 116.53 per 1,000 adults | +4.9% |
| 2009 | 118.67 per 1,000 adults | +1.8% |
| 2010 | 127.72 per 1,000 adults | +7.6% |
| 2011 | 134.42 per 1,000 adults | +5.3% |
| 2012 | 153.3 per 1,000 adults | +14.0% |
| 2013 | 205.7 per 1,000 adults | +34.2% |
| 2014 | 224.15 per 1,000 adults | +9.0% |
| 2015 | 205.84 per 1,000 adults | -8.2% |
| 2016 | 212.47 per 1,000 adults | +3.2% |
| 2017 | 248.7 per 1,000 adults | +17.1% |
| 2018 | 278.28 per 1,000 adults | +11.9% |
| 2019 | 287.24 per 1,000 adults | +3.2% |
| 2020 | 276.41 per 1,000 adults | -3.8% |
| 2021 | 243.68 per 1,000 adults | -11.8% |
| 2022 | 216.52 per 1,000 adults | -11.1% |
| 2023 | 212.27 per 1,000 adults | -2.0% |
| 2024 | 235.02 per 1,000 adults | +10.7% |
Seychelles compared with similar countries
- Seychelles's 235.02 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)
- Seychelles's 235.02 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 4.2× the median. (35 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 100.94 per 1,000 adults | 76.66 per 1,000 adults | 118.67 per 1,000 adults | 6 |
| 2010s | 207.78 per 1,000 adults | 127.72 per 1,000 adults | 287.24 per 1,000 adults | 10 |
| 2020s | 236.78 per 1,000 adults | 212.27 per 1,000 adults | 276.41 per 1,000 adults | 5 |
Countries ranked near Seychelles
- 49 Tunisia 253.69 per 1,000 adults compare
- 50 Dominican Republic 250.49 per 1,000 adults compare
- 51 Romania 246.63 per 1,000 adults compare
- 53 Saudi Arabia 234.69 per 1,000 adults compare
- 54 Moldova 210.26 per 1,000 adults compare
- 55 Cape Verde 208.75 per 1,000 adults compare
More financial sector data for Seychelles
- 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 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 39.96 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 0.0015 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 29.18 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 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 39.96 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 Seychelles?
- Borrowers from commercial banks in Seychelles was 235.02 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 Seychelles?
- The highest recorded value was 287.24 per 1,000 adults in 2019.
- What is the lowest borrowers from commercial banks recorded in Seychelles?
- The lowest recorded value was 76.66 per 1,000 adults in 2004.
- How does Seychelles rank for borrowers from commercial banks?
- Seychelles ranks 52nd out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Seychelles?
- Over the last ten years it is up 4.8%. The long-run trend across the full record is rising.
- Where does this Seychelles 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.