Uganda's borrowers from commercial banks (per 1,000 adults) was 60.34 in 2024, the latest year in the World Bank's World Development Indicators. That is up 184.97% from 21.17 in 2014 (11.04% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 60.34 | 2024 |
| Five years earlier | 71.82 | 2019 |
| Ten years earlier | 21.17 | 2014 |
| Highest | 71.82 | 2019 |
| Lowest | 17.64 | 2012 |
| Average since 2015 | 48.01 | 2015–2024 |
| First recorded | 18.78 | 2010 |
What the numbers say
In 2024, Uganda's borrowers from commercial banks (per 1,000 adults) rose 18.75 on 2023 (from 41.59 to 60.34).
Across the 13 yearly changes before that (2011 to 2023), the average change was +1.75 and a typical year strayed about 13.27 from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 39.02 in 2018 and the biggest yearly fall was 18.97 in 2021. 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 there is no clear straight-line trend: a straight line explains 14% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2024, Uganda had the 62nd 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 | |
|---|---|---|
| Uganda | 60.34 | 2024 |
| World | 196.36 | 2022 |
| Sub-Saharan Africa | 54.53 | 2022 |
Closest to Uganda in the 2024 ranking
- Bangladesh — 59th of 78: 96.44
- Bolivia — 60th of 78: 81.14
- Lebanon — 61st of 78: 70.82
- Mozambique — 63rd of 78: 59.25
- Zimbabwe — 64th of 78: 58.55
- São Tomé and Principe — 65th of 78: 55.43
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 15 values
| Year | Borrowers from commercial banks (per 1,000 adults) |
|---|---|
| 2024 | 60.34 |
| 2023 | 41.59 |
| 2022 | 45.12 |
| 2021 | 40.75 |
| 2020 | 59.73 |
| 2019 | 71.82 |
| 2018 | 70.48 |
| 2017 | 31.46 |
| 2016 | 33.23 |
| 2015 | 25.54 |
| 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 Uganda
- Domestic credit to private sector by banks (% of GDP) — 12.55% (2025)
- DEC alternative conversion factor (LCU per US$) — US$3,676 (2025)
- Official exchange rate (LCU per US$, period average) — US$3,603 (2025)
- Monetary sector credit to private sector (% of GDP) — 12.6% (2025)
- Broad money (current LCU) — 50.81 trillion (2025)
- Broad money (% of GDP) — 22.3% (2025)
- Broad money to total reserves ratio — 3.22 (2024)
- Broad money (annual % growth) — 20.04% (2025)
- Net domestic credit (current LCU) — 50.23 trillion (2025)
- Net foreign assets (current LCU)
Reading data like this
Questions people ask
- What is Uganda's borrowers from commercial banks (per 1,000 adults)?
- 60.34 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is up 221.34% from 18.78 in 2010 (8.7% a year on average, compounded). The highest value was 71.82 in 2019 and the lowest 17.64 in 2012.
- How does Uganda rank?
- 62nd highest of 78 economies with data for 2024.
- Is the latest change in borrowers from commercial banks (per 1,000 adults) unusual for Uganda?
- In 2024, Uganda's borrowers from commercial banks (per 1,000 adults) rose 18.75 on 2023 (from 41.59 to 60.34). Across the 13 yearly changes before that (2011 to 2023), the average change was +1.75 and a typical year strayed about 13.27 from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
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.
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