Formal Borrowing Statistics in Guatemala (2026)
8.7% of adults in Guatemala borrowed from a formal financial institution in 2024, World Bank Global Findex data show. Down from 11.2% in 2022 to 8.7% in 2024 (−2.5 percentage points). Guatemala ranks #19 of 20 economies in Latin America & Caribbean on this measure, and #107 of 142 globally.
Key Statistics
- Latest value (2024)
- 8.7% (2024)
- Formal Borrowing in Guatemala as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- −2.5 pp (2024)
- Down from 11.2% in 2022 to 8.7% in 2024 (−2.5 percentage points).
- Earliest value in this dataset (2014)
- 15.1% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 15.1% in 2014 to 8.7% in 2024.
- Peak value (2014)
- 15.1% (2014)
- Highest value in the available series; the 2024 value is 8.7%.
- Rank in Latin America & Caribbean
- #19 of 20 (2024)
- Guatemala ranks 19 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #107 of 142 (2024)
- Guatemala ranks 107 of 142 countries with data globally.
- Latin America & Caribbean average
- 18.9% (2024)
- Guatemala (8.7%) is below the average of 18.9% across the 20 countries in Latin America & Caribbean with data.
- Internet use in Guatemala (2024)
- 60.2% (2024)
- 60.2% of the population in Guatemala used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 18.4 million (2024)
- Guatemala had a population of 18.4 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 8.7% | −2.5 pp |
| 2022 | 11.2% | −1.4 pp |
| 2017 | 12.7% | −2.5 pp |
| 2014 | 15.1% | — |
Frequently asked questions
What share of adults in Guatemala borrowed from a formal financial institution?
8.7% of adults in Guatemala borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
Where does Guatemala rank globally on formal borrowing?
Guatemala ranks 107 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
When did formal borrowing in Guatemala peak?
The highest value in the available series was 15.1% in 2014; the latest (2024) value is 8.7%.
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 .