Formal Borrowing Statistics in Chad (2026)
In 2024, 9.8% of adults in Chad borrowed from a formal financial institution, according to World Bank Global Findex data. Up from 8.5% in 2022 to 9.8% in 2024 (+1.3 percentage points). Chad ranks #10 of 36 economies in Sub-Saharan Africa on this measure, and #98 of 142 globally.
Key Statistics
- Latest value (2024)
- 9.8% (2024)
- Formal Borrowing in Chad as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- +1.3 pp (2024)
- Up from 8.5% in 2022 to 9.8% in 2024 (+1.3 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 9.8% in 2024.
- Record high (2024)
- 9.8% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Chad.
- Rank in Sub-Saharan Africa
- #10 of 36 (2024)
- Chad ranks 10 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #98 of 142 (2024)
- Chad ranks 98 of 142 countries with data globally.
- Sub-Saharan Africa average
- 7.8% (2024)
- Chad (9.8%) is above the average of 7.8% across the 36 countries in Sub-Saharan Africa with data.
- 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 | 9.8% | +1.3 pp |
| 2022 | 8.5% | +4.6 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?
9.8% of adults in Chad borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
How does Chad compare with other countries in Sub-Saharan Africa?
Chad ranks 10 of 36 countries in Sub-Saharan Africa with data, with 9.8% versus a regional average of 7.8% (latest values per country).
Where does Chad rank globally on formal borrowing?
Chad ranks 98 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, 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 .