Borrowers from commercial banks (per 1,000 adults) in Zambia
Zambia: Borrowers from commercial banks (per 1,000 adults) 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 (per 1,000 adults) 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% |
Zambia compared with similar countries
- Zambia's 44.76 per 1,000 adults is below the median for lower middle income countries, which is 58.55 per 1,000 adults, 76% of the median. (35 countries reporting)
- Zambia's 44.76 per 1,000 adults is below the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 81% of the median. (35 countries reporting)
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
More financial sector data for Zambia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0011 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0008 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0011 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 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.