Formal Borrowing Statistics in Nicaragua (2026)
As of the 2024 data, 6.7% of adults in Nicaragua borrowed from a formal financial institution, per World Bank Global Findex. Down from 12.2% in 2021 to 6.7% in 2024 (−5.5 percentage points). Nicaragua ranks #20 of 20 economies in Latin America & Caribbean on this measure, and #116 of 142 globally.
Key Statistics
- Latest value (2024)
- 6.7% (2024)
- Formal Borrowing in Nicaragua as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −5.5 pp (2024)
- Down from 12.2% in 2021 to 6.7% in 2024 (−5.5 percentage points).
- Earliest value in this dataset (2014)
- 15.5% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 15.5% in 2014 to 6.7% in 2024.
- Peak value (2014)
- 15.5% (2014)
- Highest value in the available series; the 2024 value is 6.7%.
- Rank in Latin America & Caribbean
- #20 of 20 (2024)
- Nicaragua ranks 20 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #116 of 142 (2024)
- Nicaragua ranks 116 of 142 countries with data globally.
- Latin America & Caribbean average
- 18.9% (2024)
- Nicaragua (6.7%) is below the average of 18.9% across the 20 countries in Latin America & Caribbean with data.
- Internet use in Nicaragua (2024)
- 61.4% (2024)
- 61.4% of the population in Nicaragua used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 6.9 million (2024)
- Nicaragua had a population of 6.9 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 6.7% | −5.5 pp |
| 2021 | 12.2% | −1.2 pp |
| 2017 | 13.4% | −2.1 pp |
| 2014 | 15.5% | — |
Frequently asked questions
What share of adults in Nicaragua borrowed from a formal financial institution?
6.7% of adults in Nicaragua borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
How has formal borrowing in Nicaragua changed over time?
World Bank Global Findex data show a decline from 15.5% in 2014 to 6.7% in 2024.
How does Nicaragua compare with other countries in Latin America & Caribbean?
Nicaragua ranks 20 of 20 countries in Latin America & Caribbean with data, with 6.7% versus a regional average of 18.9% (latest values per country).
Where does Nicaragua rank globally on formal borrowing?
Nicaragua ranks 116 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 .