Formal Borrowing Statistics in Chile (2026)
24.2% of adults in Chile borrowed from a formal financial institution in 2021, World Bank Global Findex data show. Down from 30.9% in 2017 to 24.2% in 2021 (−6.7 percentage points). Chile ranks #5 of 20 economies in Latin America & Caribbean on this measure, and #46 of 142 globally.
Key Statistics
- Latest value (2021)
- 24.2% (2021)
- Formal Borrowing in Chile as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2017
- −6.7 pp (2021)
- Down from 30.9% in 2017 to 24.2% in 2021 (−6.7 percentage points).
- Earliest value in this dataset (2014)
- 31.3% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 31.3% in 2014 to 24.2% in 2021.
- Peak value (2014)
- 31.3% (2014)
- Highest value in the available series; the 2021 value is 24.2%.
- Rank in Latin America & Caribbean
- #5 of 20 (2021)
- Chile ranks 5 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #46 of 142 (2021)
- Chile ranks 46 of 142 countries with data globally.
- Latin America & Caribbean average
- 18.9% (2021)
- Chile (24.2%) is above the average of 18.9% across the 20 countries in Latin America & Caribbean with data.
- Among women (2021)
- 20.5% (2021)
- Value for women in Chile, same 2021 World Bank Global Findex data.
- Among men (2021)
- 28.4% (2021)
- Value for men in Chile, same 2021 World Bank Global Findex data.
- Gender gap (women minus men)
- −7.9 pp (2021)
- In 2021, the figure was 20.5% for women and 28.4% for men — 7.9 percentage points lower among women.
- Among the poorest 40% (2021)
- 18.4% (2021)
- Value for adults in the poorest 40% of households in Chile in 2021.
- Poorest-40% gap vs national
- −5.8 pp (2021)
- The poorest 40% (18.4%) are 5.8 percentage points below the national figure (24.2%).
- Internet use in Chile (2024)
- 95.6% (2024)
- 95.6% of the population in Chile used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 19.8 million (2024)
- Chile had a population of 19.8 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 24.2% | −6.7 pp |
| 2017 | 30.9% | −0.4 pp |
| 2014 | 31.3% | — |
Frequently asked questions
What share of adults in Chile borrowed from a formal financial institution?
24.2% of adults in Chile borrowed from a formal financial institution in 2021, according to World Bank Global Findex data.
Is there a gender gap in formal borrowing in Chile?
Yes — in 2021 the figure was 20.5% for women and 28.4% for men, a gap of 7.9 percentage points in favor of men.
When did formal borrowing in Chile peak?
The highest value in the available series was 31.3% in 2014; the latest (2021) value is 24.2%.
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 .