Mozambique's borrowers from commercial banks (per 1,000 adults) was 59.25 in 2024, the latest year in the World Bank's World Development Indicators. That is up 74.26% from 34 in 2014 (5.71% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 59.25 | 2024 |
| Five years earlier | 51.61 | 2019 |
| Ten years earlier | 34 | 2014 |
| Highest | 59.25 | 2024 |
| Lowest | 3.98 | 2004 |
| Average since 2015 | 48.01 | 2015–2024 |
| First recorded | 3.98 | 2004 |
What the numbers say
In 2024, Mozambique's borrowers from commercial banks (per 1,000 adults) rose 2.33 on 2023 (from 56.92 to 59.25).
Across the 19 yearly changes before that (2005 to 2023), the average change was +2.79 and a typical year strayed about 3.59 from that (the standard deviation). This year's change was 0.1 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 12.96 in 2019 and the biggest yearly fall was 5.65 in 2017. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 2.57 a year. A straight line explains 83% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 66.68 for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 0.76, against 3.73 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Mozambique had the 64th highest value of the 78 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Mozambique | 59.25 | 2024 |
| World | 196.36 | 2022 |
| Sub-Saharan Africa | 54.53 | 2022 |
Closest to Mozambique in the 2024 ranking
What this measures
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.
Limitations: For many countries data cover the total number of loan accounts due to lack of information on loan account holders. For several countries, data cover all borrowers including commercial banks, credit unions and financial cooperatives, deposit taking microfinance institutions, and other deposit takers. These include all resident financial corporations and quasi-corporations (except the central bank) that are mainly engaged in financial intermediation and that issue liabilities included in the national definition of broad money.
Regional and income-group figures are computed by the World Bank as a median.
All 21 values
| Year | Borrowers from commercial banks (per 1,000 adults) |
|---|---|
| 2024 | 59.25 |
| 2023 | 56.92 |
| 2022 | 54.53 |
| 2021 | 53.17 |
| 2020 | 49.78 |
| 2019 | 51.61 |
| 2018 | 38.65 |
| 2017 | 35.33 |
| 2016 | 40.98 |
| 2015 | 39.88 |
| 2014 |
Borrowers from commercial banks (per 1,000 adults) in nearby economies
- Botswana — 196.25 (2024)
- Burundi — 19.59 (2020)
- Cabo Verde — 208.75 (2022)
- Cameroon — 37.97 (2020)
- Chad — 7.96 (2022)
- Comoros — 24.09 (2024)
- Congo, Dem. Rep. — 9.04 (2018)
- Congo, Rep. — 61.25 (2022)
- Equatorial Guinea — 63.84 (2022)
- Eswatini
More financial sector data for Mozambique
- DEC alternative conversion factor (LCU per US$) — US$64.09 (2025)
- Official exchange rate (LCU per US$, period average) — US$63.91 (2024)
- Net domestic credit (current LCU) — 594.45 billion (2025)
- Net foreign assets (current LCU) — 250.99 billion (2025)
- Broad money (current LCU) — 850.7 billion (2025)
- Claims on central government (annual growth as % of broad money) — 5.09% (2025)
- Claims on private sector (annual growth as % of broad money) — 0.68% (2025)
- Broad money to total reserves ratio — 3.17 (2024)
- Broad money (annual % growth) — 9.33% (2025)
Reading data like this
Questions people ask
- What is Mozambique's borrowers from commercial banks (per 1,000 adults)?
- 59.25 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2004?
- It is up 1,389% from 3.98 in 2004 (14.46% a year on average, compounded). The highest value was 59.25 in 2024 and the lowest 3.98 in 2004.
- How does Mozambique rank?
Source
World Bank, World Development Indicators, indicator FB.CBK.BRWR.P3, licensed CC BY 4.0. Original source: Financial Access Survey, International Monetary Fund (IMF), uri: https://data.imf.org/en/datasets/IMF.STA:FAS Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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