Formal & Mobile Money Borrowing Statistics in Libya (2026)
As of the 2024 data, 12.2% of adults in Libya borrowed from a formal financial institution or using a mobile money account, per World Bank Global Findex. Up from 8.4% in 2017 to 12.2% in 2024 (+3.8 percentage points). Libya ranks #7 of 18 economies in Middle East, North Africa, Afghanistan & Pakistan on this measure, and #96 of 142 globally.
Key Statistics
- Latest value (2024)
- 12.2% (2024)
- Formal & Mobile Money Borrowing in Libya as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2017
- +3.8 pp (2024)
- Up from 8.4% in 2017 to 12.2% in 2024 (+3.8 percentage points).
- Record high (2024)
- 12.2% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Libya.
- Rank in Middle East, North Africa, Afghanistan & Pakistan
- #7 of 18 (2024)
- Libya ranks 7 of 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data, based on each country's latest value.
- Global rank
- #96 of 142 (2024)
- Libya ranks 96 of 142 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 16.1% (2024)
- Libya (12.2%) is below the average of 16.1% across the 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Borrowed from a formal bank or similar financial institution (% age 15+) (2024)
- 12.2% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Libya (2024)
- 82% (2024)
- 82% of the population in Libya used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 7.4 million (2024)
- Libya had a population of 7.4 million in 2024 (World Bank); shown for scale only.
Trend, 2017–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 12.2% | +3.8 pp |
| 2017 | 8.4% | — |
Frequently asked questions
What share of adults in Libya borrowed from a formal financial institution or using a mobile money account?
12.2% of adults in Libya borrowed from a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How recent is the formal & mobile money borrowing data for Libya?
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 Libya.
Where does the formal & mobile money borrowing data for Libya come from?
The data comes from the World Bank Global Findex (indicator fin22a.22a1.22g.d). The latest observation for Libya is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money borrowing in Libya changed over time?
World Bank Global Findex data show a rise from 8.4% in 2017 to 12.2% 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 .