Borrowers from commercial banks in Zambia
Zambia: Borrowers from commercial banks was 44.76 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Zambia, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Zambia stood at 44.76 per 1,000 adults.
That represents a change of down 26.8% on the previous year and up 22.7% over ten years.
Over the whole period, borrowers from commercial banks in Zambia peaked at 61.18 per 1,000 adults in 2023 and was at its lowest, 1.54 per 1,000 adults, in 2004.
Zambia ranks 90th of 113 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks in Zambia, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 1.54 per 1,000 adults | — |
| 2005 | 2.86 per 1,000 adults | +85.9% |
| 2006 | 4.44 per 1,000 adults | +55.4% |
| 2007 | 13.18 per 1,000 adults | +196.8% |
| 2008 | 11.86 per 1,000 adults | -10.0% |
| 2009 | 17.09 per 1,000 adults | +44.1% |
| 2010 | 18.06 per 1,000 adults | +5.7% |
| 2011 | 22.37 per 1,000 adults | +23.9% |
| 2012 | 36.89 per 1,000 adults | +64.9% |
| 2013 | 36.65 per 1,000 adults | -0.7% |
| 2014 | 36.48 per 1,000 adults | -0.5% |
| 2015 | 32.27 per 1,000 adults | -11.6% |
| 2016 | 23.87 per 1,000 adults | -26.0% |
| 2017 | 23.27 per 1,000 adults | -2.5% |
| 2018 | 21.36 per 1,000 adults | -8.2% |
| 2019 | 21.94 per 1,000 adults | +2.7% |
| 2020 | 20.57 per 1,000 adults | -6.2% |
| 2021 | 32.05 per 1,000 adults | +55.8% |
| 2022 | 46.34 per 1,000 adults | +44.6% |
| 2023 | 61.18 per 1,000 adults | +32.0% |
| 2024 | 44.76 per 1,000 adults | -26.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 8.49 per 1,000 adults | 1.54 per 1,000 adults | 17.09 per 1,000 adults | 6 |
| 2010s | 27.32 per 1,000 adults | 18.06 per 1,000 adults | 36.89 per 1,000 adults | 10 |
| 2020s | 40.98 per 1,000 adults | 20.57 per 1,000 adults | 61.18 per 1,000 adults | 5 |
Countries ranked near Zambia
- 87 Timor-Leste 51.4 per 1,000 adults compare
- 88 Syrian Arab Republic 50.54 per 1,000 adults compare
- 89 Tanzania, United Republic of 49.15 per 1,000 adults compare
- 91 Algeria 43.39 per 1,000 adults compare
- 92 Djibouti 42.46 per 1,000 adults compare
- 93 Solomon Islands 40.11 per 1,000 adults compare
More financial sector data for Zambia
- Net domestic credit (current LCU), per capita 7,869 current LCU per person (2025)
- Net domestic credit (current LCU), per unit of GDP 5.97 current LCU per US$ of GDP (2025)
- Net domestic credit (current LCU), annual growth rate 13.4 % change on previous year (2025)
- Gold reserves at 35 SDRs per ounce 0 SDR (2020)
- Gold reserves at market value 0 SDR (2020)
- Reserves excluding gold, foreign exchange 1.08 billion SDR (2024)
- Reserves excluding gold 3.14 billion SDR (2024)
- Total reserves (gold at market value) 3.14 billion SDR (2024)
- Total reserves (gold at national valuation) 3.14 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 147.13 SDR per person (2024)
Frequently asked questions
- What is borrowers from commercial banks in Zambia?
- Borrowers from commercial banks in Zambia was 44.76 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 Zambia?
- The highest recorded value was 61.18 per 1,000 adults in 2023.
- What is the lowest borrowers from commercial banks recorded in Zambia?
- The lowest recorded value was 1.54 per 1,000 adults in 2004.
- How does Zambia rank for borrowers from commercial banks?
- Zambia ranks 90th out of 113 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Zambia?
- Over the last ten years it is up 22.7%. The long-run trend across the full record is volatile.
- Where does this Zambia 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.