Formal Borrowing Statistics in Guinea (2026)
As of the 2024 data, 6.2% of adults in Guinea borrowed from a formal financial institution, per World Bank Global Findex. Up from 6.1% in 2021 to 6.2% in 2024 (+0.1 percentage points). Guinea ranks #21 of 36 economies in Sub-Saharan Africa on this measure, and #121 of 142 globally.
Key Statistics
- Latest value (2024)
- 6.2% (2024)
- Formal Borrowing in Guinea as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +0.1 pp (2024)
- Up from 6.1% in 2021 to 6.2% in 2024 (+0.1 percentage points).
- Earliest value in this dataset (2014)
- 2.6% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 2.6% in 2014 to 6.2% in 2024.
- Record high (2024)
- 6.2% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Guinea.
- Rank in Sub-Saharan Africa
- #21 of 36 (2024)
- Guinea ranks 21 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #121 of 142 (2024)
- Guinea ranks 121 of 142 countries with data globally.
- Sub-Saharan Africa average
- 7.8% (2024)
- Guinea (6.2%) is below the average of 7.8% across the 36 countries in Sub-Saharan Africa with data.
- Internet use in Guinea (2024)
- 33.3% (2024)
- 33.3% of the population in Guinea used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 14.8 million (2024)
- Guinea had a population of 14.8 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 6.2% | +0.1 pp |
| 2021 | 6.1% | +0.3 pp |
| 2017 | 5.8% | +3.2 pp |
| 2014 | 2.6% | — |
Frequently asked questions
What share of adults in Guinea borrowed from a formal financial institution?
6.2% of adults in Guinea borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
Where does Guinea rank globally on formal borrowing?
Guinea ranks 121 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
How recent is the formal borrowing data for Guinea?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Guinea.
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 .