Formal & Mobile Money Borrowing Statistics in Botswana (2026)
As of the 2024 data, 23% of adults in Botswana borrowed from a formal financial institution or using a mobile money account, per World Bank Global Findex. Up from 11.2% in 2022 to 23% in 2024 (+11.8 percentage points). Botswana ranks #5 of 36 economies in Sub-Saharan Africa on this measure, and #54 of 142 globally.
Key Statistics
- Latest value (2024)
- 23% (2024)
- Formal & Mobile Money Borrowing in Botswana as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- +11.8 pp (2024)
- Up from 11.2% in 2022 to 23% in 2024 (+11.8 percentage points).
- Earliest value in this dataset (2014)
- 17.6% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 17.6% in 2014 to 23% in 2024.
- Record high (2024)
- 23% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Botswana.
- Rank in Sub-Saharan Africa
- #5 of 36 (2024)
- Botswana ranks 5 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #54 of 142 (2024)
- Botswana ranks 54 of 142 countries with data globally.
- Sub-Saharan Africa average
- 13.3% (2024)
- Botswana (23%) is above the average of 13.3% across the 36 countries in Sub-Saharan Africa with data.
- Borrowed from a formal bank or similar financial institution (% age 15+) (2024)
- 8.1% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Botswana (2024)
- 57.5% (2024)
- 57.5% of the population in Botswana used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 2.5 million (2024)
- Botswana had a population of 2.5 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 23% | +11.8 pp |
| 2022 | 11.2% | +2.4 pp |
| 2017 | 8.9% | −8.8 pp |
| 2014 | 17.6% | — |
Frequently asked questions
What share of adults in Botswana borrowed from a formal financial institution or using a mobile money account?
23% of adults in Botswana borrowed from a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How does Botswana compare with other countries in Sub-Saharan Africa?
Botswana ranks 5 of 36 countries in Sub-Saharan Africa with data, with 23% versus a regional average of 13.3% (latest values per country).
Where does Botswana rank globally on formal & mobile money borrowing?
Botswana ranks 54 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
How recent is the formal & mobile money borrowing data for Botswana?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Botswana.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a.22a1.22g.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .