Borrowers from commercial banks in Sub-Saharan Africa (IDA & IBRD countries)
Sub-Saharan Africa (IDA & IBRD countries): Borrowers from commercial banks was 54.53 per 1,000 adults in 2022. ▲ Rising
Borrowers from commercial banks in Sub-Saharan Africa (IDA & IBRD countries), 2008–2022
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2022, borrowers from commercial banks in Sub-Saharan Africa (IDA & IBRD countries) stood at 54.53 per 1,000 adults. That is the highest value across all 15 years on record.
Compared with earlier readings it 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 (IDA & IBRD countries) 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 (IDA & IBRD countries) 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 (IDA & IBRD countries), 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 (IDA & IBRD countries)
More financial sector data for Sub-Saharan Africa (IDA & IBRD countries)
- Net migration -223,909 (2025)
- Total reserves in months of imports 6.46 (2025)
- Broad money 38.7% (2023)
- Claims on central government, etc. 12.2% (2022)
- Domestic credit to private sector 29.4% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 20.18 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Monetary Sector credit to private sector 22.9% (2022)
- Net migration, annual growth rate 67.11 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Sub-Saharan Africa (IDA & IBRD countries)?
- Borrowers from commercial banks in Sub-Saharan Africa (IDA & IBRD countries) 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 (IDA & IBRD countries)?
- 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 (IDA & IBRD countries)?
- The lowest recorded value was 14.73 per 1,000 adults in 2008.
- How does Sub-Saharan Africa (IDA & IBRD countries) rank for borrowers from commercial banks?
- Sub-Saharan Africa (IDA & IBRD countries) ranks 26th out of 35 groups with data for 2022.
- Is borrowers from commercial banks rising or falling in Sub-Saharan Africa (IDA & IBRD countries)?
- 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 (IDA & IBRD countries) 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.