Formal & Mobile Money Borrowing Statistics in Chad (2026)
In 2024, 11.5% of adults in Chad borrowed from a formal financial institution or using a mobile money account, according to World Bank Global Findex data. Up from 10% in 2022 to 11.5% in 2024 (+1.5 percentage points). Chad ranks #18 of 36 economies in Sub-Saharan Africa on this measure, and #105 of 142 globally.
Key Statistics
- Latest value (2024)
- 11.5% (2024)
- Formal & Mobile Money Borrowing in Chad as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- +1.5 pp (2024)
- Up from 10% in 2022 to 11.5% in 2024 (+1.5 percentage points).
- Earliest value in this dataset (2014)
- 2.4% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 2.4% in 2014 to 11.5% in 2024.
- Record high (2024)
- 11.5% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Chad.
- Rank in Sub-Saharan Africa
- #18 of 36 (2024)
- Chad ranks 18 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #105 of 142 (2024)
- Chad ranks 105 of 142 countries with data globally.
- Sub-Saharan Africa average
- 13.3% (2024)
- Chad (11.5%) 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)
- 9.8% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Chad (2024)
- 12.6% (2024)
- 12.6% of the population in Chad used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 20.3 million (2024)
- Chad had a population of 20.3 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 11.5% | +1.5 pp |
| 2022 | 10% | +6.1 pp |
| 2017 | 3.9% | +1.5 pp |
| 2014 | 2.4% | — |
Frequently asked questions
What share of adults in Chad borrowed from a formal financial institution or using a mobile money account?
11.5% of adults in Chad borrowed from a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
Where does the formal & mobile money borrowing data for Chad come from?
The data comes from the World Bank Global Findex (indicator fin22a.22a1.22g.d). The latest observation for Chad is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money borrowing in Chad changed over time?
World Bank Global Findex data show a rise from 2.4% in 2014 to 11.5% in 2024.
How does Chad compare with other countries in Sub-Saharan Africa?
Chad ranks 18 of 36 countries in Sub-Saharan Africa with data, with 11.5% versus a regional average of 13.3% (latest values per country).
Where does Chad rank globally on formal & mobile money borrowing?
Chad ranks 105 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
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 .