Borrowers from commercial banks in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Borrowers from commercial banks was 54.53 per 1,000 adults in 2022. ▲ Rising
Borrowers from commercial banks in Sub-Saharan Africa (excluding high income), 2008–2022
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 Sub-Saharan Africa (excluding high income) is 54.53 per 1,000 adults, measured in 2022. That is the highest value across all 15 years on record.
The figure is up 3.0% on the previous year and up 151.1% over ten years.
Over the whole period, borrowers from commercial banks in Sub-Saharan Africa (excluding high income) peaked at 54.53 per 1,000 adults in 2022 and was at its lowest, 14.73 per 1,000 adults, in 2008.
That places Sub-Saharan Africa (excluding high income) 26th out of 35 groups with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 15 years of available data.
Borrowers from commercial banks in Sub-Saharan Africa (excluding high income), year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2008 | 14.73 per 1,000 adults | — |
| 2009 | 16.7 per 1,000 adults | +13.4% |
| 2010 | 18.42 per 1,000 adults | +10.3% |
| 2011 | 19.54 per 1,000 adults | +6.1% |
| 2012 | 21.72 per 1,000 adults | +11.1% |
| 2013 | 25.25 per 1,000 adults | +16.3% |
| 2014 | 31.8 per 1,000 adults | +26.0% |
| 2015 | 29.17 per 1,000 adults | -8.3% |
| 2016 | 29.28 per 1,000 adults | +0.4% |
| 2017 | 27.87 per 1,000 adults | -4.8% |
| 2018 | 30.04 per 1,000 adults | +7.8% |
| 2019 | 39.85 per 1,000 adults | +32.7% |
| 2020 | 44.98 per 1,000 adults | +12.8% |
| 2021 | 52.93 per 1,000 adults | +17.7% |
| 2022 | 54.53 per 1,000 adults | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 15.72 per 1,000 adults | 14.73 per 1,000 adults | 16.7 per 1,000 adults | 2 |
| 2010s | 27.29 per 1,000 adults | 18.42 per 1,000 adults | 39.85 per 1,000 adults | 10 |
| 2020s | 50.81 per 1,000 adults | 44.98 per 1,000 adults | 54.53 per 1,000 adults | 3 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More financial sector data for Sub-Saharan Africa (excluding high income)
- Claims on central government, etc. 12.2% (2022)
- Monetary Sector credit to private sector 22.9% (2022)
- Total reserves in months of imports 6.46 (2025)
- Broad money 38.6% (2023)
- Domestic credit to private sector by banks 24.7% (2023)
- Total reserves in months of imports, annual growth rate 20.02 % change on previous year (2025)
- Net migration, annual growth rate 66.97 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Net migration -225,499 (2025)
Frequently asked questions
- What is borrowers from commercial banks in Sub-Saharan Africa (excluding high income)?
- Borrowers from commercial banks in Sub-Saharan Africa (excluding high income) was 54.53 per 1,000 adults in 2022, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 54.53 per 1,000 adults in 2022.
- What is the lowest borrowers from commercial banks recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 14.73 per 1,000 adults in 2008.
- How does Sub-Saharan Africa (excluding high income) rank for borrowers from commercial banks?
- Sub-Saharan Africa (excluding high income) ranks 26th out of 35 groups with data for 2022.
- Is borrowers from commercial banks rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 151.1%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high 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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CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.