Formal & Mobile Money Borrowing Statistics in Dominican Republic (2026)
As of the 2024 data, 29.3% of adults in the Dominican Republic borrowed from a formal financial institution or using a mobile money account, per World Bank Global Findex. Up from 21.8% in 2021 to 29.3% in 2024 (+7.5 percentage points). Dominican Republic ranks #4 of 20 economies in Latin America & Caribbean on this measure, and #44 of 142 globally.
Key Statistics
- Latest value (2024)
- 29.3% (2024)
- Formal & Mobile Money Borrowing in the Dominican Republic as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +7.5 pp (2024)
- Up from 21.8% in 2021 to 29.3% in 2024 (+7.5 percentage points).
- Earliest value in this dataset (2014)
- 24% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 24% in 2014 to 29.3% in 2024.
- Peak value (2017)
- 30.3% (2017)
- Highest value in the available series; the 2024 value is 29.3%.
- Rank in Latin America & Caribbean
- #4 of 20 (2024)
- The Dominican Republic ranks 4 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #44 of 142 (2024)
- The Dominican Republic ranks 44 of 142 countries with data globally.
- Latin America & Caribbean average
- 19.8% (2024)
- The Dominican Republic (29.3%) is above the average of 19.8% across the 20 countries in Latin America & Caribbean with data.
- Borrowed from a formal bank or similar financial institution (% age 15+) (2024)
- 28.6% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in the Dominican Republic (2024)
- 91% (2024)
- 91% of the population in the Dominican Republic used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 11.4 million (2024)
- The Dominican Republic had a population of 11.4 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 29.3% | +7.5 pp |
| 2021 | 21.8% | −8.5 pp |
| 2017 | 30.3% | +6.3 pp |
| 2014 | 24% | — |
Frequently asked questions
What share of adults in the Dominican Republic borrowed from a formal financial institution or using a mobile money account?
29.3% of adults in the Dominican Republic borrowed from a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How has formal & mobile money borrowing in the Dominican Republic changed over time?
World Bank Global Findex data show a rise from 24% in 2014 to 29.3% in 2024.
How does the Dominican Republic compare with other countries in Latin America & Caribbean?
The Dominican Republic ranks 4 of 20 countries in Latin America & Caribbean with data, with 29.3% versus a regional average of 19.8% (latest values per country).
Where does the Dominican Republic rank globally on formal & mobile money borrowing?
The Dominican Republic ranks 44 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 .