Formal & Mobile Money Borrowing Statistics in El Salvador (2026)
According to World Bank Global Findex data, 11.5% of adults in El Salvador borrowed from a formal financial institution or using a mobile money account in 2024. Up from 10.7% in 2021 to 11.5% in 2024 (+0.8 percentage points). El Salvador ranks #17 of 20 economies in Latin America & Caribbean on this measure, and #104 of 142 globally.
Key Statistics
- Latest value (2024)
- 11.5% (2024)
- Formal & Mobile Money Borrowing in El Salvador as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +0.8 pp (2024)
- Up from 10.7% in 2021 to 11.5% in 2024 (+0.8 percentage points).
- Earliest value in this dataset (2014)
- 20.5% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 20.5% in 2014 to 11.5% in 2024.
- Peak value (2014)
- 20.5% (2014)
- Highest value in the available series; the 2024 value is 11.5%.
- Rank in Latin America & Caribbean
- #17 of 20 (2024)
- El Salvador ranks 17 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #104 of 142 (2024)
- El Salvador ranks 104 of 142 countries with data globally.
- Latin America & Caribbean average
- 19.8% (2024)
- El Salvador (11.5%) is below 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)
- 11.3% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in El Salvador (2024)
- 66.5% (2024)
- 66.5% of the population in El Salvador used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 6.3 million (2024)
- El Salvador had a population of 6.3 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 11.5% | +0.8 pp |
| 2021 | 10.7% | −0.9 pp |
| 2017 | 11.5% | −9.0 pp |
| 2014 | 20.5% | — |
Frequently asked questions
What share of adults in El Salvador borrowed from a formal financial institution or using a mobile money account?
11.5% of adults in El Salvador 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 El Salvador come from?
The data comes from the World Bank Global Findex (indicator fin22a.22a1.22g.d). The latest observation for El Salvador is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money borrowing in El Salvador changed over time?
World Bank Global Findex data show a decline from 20.5% in 2014 to 11.5% in 2024.
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 .