Formal Borrowing Statistics in Burkina Faso (2026)
According to World Bank Global Findex data, 6% of adults in Burkina Faso borrowed from a formal financial institution in 2024. Down from 6.7% in 2021 to 6% in 2024 (−0.7 percentage points). Burkina Faso ranks #23 of 36 economies in Sub-Saharan Africa on this measure, and #123 of 142 globally.
Key Statistics
- Latest value (2024)
- 6% (2024)
- Formal Borrowing in Burkina Faso as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −0.7 pp (2024)
- Down from 6.7% in 2021 to 6% in 2024 (−0.7 percentage points).
- Earliest value in this dataset (2014)
- 5.9% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 5.9% in 2014 to 6% in 2024.
- Peak value (2017)
- 10% (2017)
- Highest value in the available series; the 2024 value is 6%.
- Rank in Sub-Saharan Africa
- #23 of 36 (2024)
- Burkina Faso ranks 23 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #123 of 142 (2024)
- Burkina Faso ranks 123 of 142 countries with data globally.
- Sub-Saharan Africa average
- 7.8% (2024)
- Burkina Faso (6%) is below the average of 7.8% across the 36 countries in Sub-Saharan Africa with data.
- Internet use in Burkina Faso (2024)
- 28.3% (2024)
- 28.3% of the population in Burkina Faso used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 23.5 million (2024)
- Burkina Faso had a population of 23.5 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 6% | −0.7 pp |
| 2021 | 6.7% | −3.3 pp |
| 2017 | 10% | +4.1 pp |
| 2014 | 5.9% | — |
Frequently asked questions
What share of adults in Burkina Faso borrowed from a formal financial institution?
6% of adults in Burkina Faso borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
When did formal borrowing in Burkina Faso peak?
The highest value in the available series was 10% in 2017; the latest (2024) value is 6%.
How recent is the formal borrowing data for Burkina Faso?
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 Burkina Faso.
Where does the formal borrowing data for Burkina Faso come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Burkina Faso is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: World Bank Global Findex, indicator
fin22a, 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 .