Formal Borrowing Statistics in Libya (2026)
12.2% of adults in Libya borrowed from a formal financial institution in 2024, World Bank Global Findex data show. 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 #86 of 142 globally.
Key Statistics
- Latest value (2024)
- 12.2% (2024)
- Formal 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
- #86 of 142 (2024)
- Libya ranks 86 of 142 countries with data globally.
- Middle East, North Africa, Afghanistan & Pakistan average
- 15.7% (2024)
- Libya (12.2%) is below the average of 15.7% across the 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data.
- Among women (2024)
- 9.1% (2024)
- Value for women in Libya, same 2024 World Bank Global Findex data.
- Among men (2024)
- 15.3% (2024)
- Value for men in Libya, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −6.2 pp (2024)
- In 2024, the figure was 9.1% for women and 15.3% for men — 6.2 percentage points lower among women.
- Among the poorest 40% (2024)
- 12.7% (2024)
- Value for adults in the poorest 40% of households in Libya in 2024.
- Poorest-40% gap vs national
- +0.6 pp (2024)
- The poorest 40% (12.7%) are 0.6 percentage points above the national figure (12.2%).
- 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?
12.2% of adults in Libya borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
How has formal borrowing in Libya changed over time?
World Bank Global Findex data show a rise from 8.4% in 2017 to 12.2% in 2024.
How does Libya compare with other countries in Middle East, North Africa, Afghanistan & Pakistan?
Libya ranks 7 of 18 countries in Middle East, North Africa, Afghanistan & Pakistan with data, with 12.2% versus a regional average of 15.7% (latest values per country).
Where does Libya rank globally on formal borrowing?
Libya ranks 86 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, 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 .