Formal Borrowing Statistics in Mozambique (2026)
In 2024, 6.3% of adults in Mozambique borrowed from a formal financial institution, according to World Bank Global Findex data. Down from 10.3% in 2021 to 6.3% in 2024 (−4 percentage points). Mozambique ranks #20 of 36 economies in Sub-Saharan Africa on this measure, and #120 of 142 globally.
Key Statistics
- Latest value (2024)
- 6.3% (2024)
- Formal Borrowing in Mozambique as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −4 pp (2024)
- Down from 10.3% in 2021 to 6.3% in 2024 (−4 percentage points).
- Earliest value in this dataset (2017)
- 11% (2017)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 11% in 2017 to 6.3% in 2024.
- Peak value (2017)
- 11% (2017)
- Highest value in the available series; the 2024 value is 6.3%.
- Rank in Sub-Saharan Africa
- #20 of 36 (2024)
- Mozambique ranks 20 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #120 of 142 (2024)
- Mozambique ranks 120 of 142 countries with data globally.
- Sub-Saharan Africa average
- 7.8% (2024)
- Mozambique (6.3%) is below the average of 7.8% across the 36 countries in Sub-Saharan Africa with data.
- Internet use in Mozambique (2024)
- 20.5% (2024)
- 20.5% of the population in Mozambique used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 34.6 million (2024)
- Mozambique had a population of 34.6 million in 2024 (World Bank); shown for scale only.
Trend, 2017–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 6.3% | −4.0 pp |
| 2021 | 10.3% | −0.8 pp |
| 2017 | 11% | — |
Frequently asked questions
What share of adults in Mozambique borrowed from a formal financial institution?
6.3% of adults in Mozambique borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
Where does the formal borrowing data for Mozambique come from?
The data comes from the World Bank Global Findex (indicator fin22a). The latest observation for Mozambique is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal borrowing in Mozambique changed over time?
World Bank Global Findex data show a decline from 11% in 2017 to 6.3% in 2024.
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 .