Borrowers from commercial banks in Sub-Saharan Africa
Sub-Saharan Africa: Borrowers from commercial banks was 54.53 per 1,000 adults in 2022. ▲ Rising
Borrowers from commercial banks in Sub-Saharan Africa, 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 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 peaked at 54.53 per 1,000 adults in 2022 and was at its lowest, 14.73 per 1,000 adults, in 2008.
Sub-Saharan Africa ranks 26th of 35 groups on this measure, 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, 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
More financial sector data for Sub-Saharan Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.1205 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.28 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.1205 % change on previous year (2025)
Frequently asked questions
- What is borrowers from commercial banks in Sub-Saharan Africa?
- Borrowers from commercial banks in Sub-Saharan Africa 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?
- 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?
- The lowest recorded value was 14.73 per 1,000 adults in 2008.
- How does Sub-Saharan Africa rank for borrowers from commercial banks?
- Sub-Saharan Africa ranks 26th out of 35 groups with data for 2022.
- Is borrowers from commercial banks rising or falling in Sub-Saharan Africa?
- 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 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.