Formal & Mobile Money Borrowing Statistics in Cameroon (2026)
According to World Bank Global Findex data, 10.1% of adults in Cameroon borrowed from a formal financial institution or using a mobile money account in 2024. Down from 11.5% in 2021 to 10.1% in 2024 (−1.4 percentage points). Cameroon ranks #22 of 36 economies in Sub-Saharan Africa on this measure, and #112 of 142 globally.
Key Statistics
- Latest value (2024)
- 10.1% (2024)
- Formal & Mobile Money Borrowing in Cameroon as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −1.4 pp (2024)
- Down from 11.5% in 2021 to 10.1% in 2024 (−1.4 percentage points).
- Earliest value in this dataset (2014)
- 2.1% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 2.1% in 2014 to 10.1% in 2024.
- Peak value (2021)
- 11.5% (2021)
- Highest value in the available series; the 2024 value is 10.1%.
- Rank in Sub-Saharan Africa
- #22 of 36 (2024)
- Cameroon ranks 22 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #112 of 142 (2024)
- Cameroon ranks 112 of 142 countries with data globally.
- Sub-Saharan Africa average
- 13.3% (2024)
- Cameroon (10.1%) is below 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)
- 4.5% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Cameroon (2024)
- 46.3% (2024)
- 46.3% of the population in Cameroon used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 29.1 million (2024)
- Cameroon had a population of 29.1 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 10.1% | −1.4 pp |
| 2021 | 11.5% | +3.8 pp |
| 2017 | 7.7% | +5.6 pp |
| 2014 | 2.1% | — |
Frequently asked questions
What share of adults in Cameroon borrowed from a formal financial institution or using a mobile money account?
10.1% of adults in Cameroon borrowed from a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How does Cameroon compare with other countries in Sub-Saharan Africa?
Cameroon ranks 22 of 36 countries in Sub-Saharan Africa with data, with 10.1% versus a regional average of 13.3% (latest values per country).
Where does Cameroon rank globally on formal & mobile money borrowing?
Cameroon ranks 112 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
When did formal & mobile money borrowing in Cameroon peak?
The highest value in the available series was 11.5% in 2021; the latest (2024) value is 10.1%.
How recent is the formal & mobile money borrowing data for Cameroon?
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 Cameroon.
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 .