Formal Borrowing Statistics in Peru (2026)
In 2024, 20.1% of adults in Peru borrowed from a formal financial institution, according to World Bank Global Findex data. Down from 21.9% in 2021 to 20.1% in 2024 (−1.9 percentage points). Peru ranks #6 of 20 economies in Latin America & Caribbean on this measure, and #55 of 142 globally.
Key Statistics
- Latest value (2024)
- 20.1% (2024)
- Formal Borrowing in Peru as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- −1.9 pp (2024)
- Down from 21.9% in 2021 to 20.1% in 2024 (−1.9 percentage points).
- Earliest value in this dataset (2014)
- 18% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 18% in 2014 to 20.1% in 2024.
- Peak value (2021)
- 21.9% (2021)
- Highest value in the available series; the 2024 value is 20.1%.
- Rank in Latin America & Caribbean
- #6 of 20 (2024)
- Peru ranks 6 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #55 of 142 (2024)
- Peru ranks 55 of 142 countries with data globally.
- Latin America & Caribbean average
- 18.9% (2024)
- Peru (20.1%) is above the average of 18.9% across the 20 countries in Latin America & Caribbean with data.
- Among women (2024)
- 17.1% (2024)
- Value for women in Peru, same 2024 World Bank Global Findex data.
- Among men (2024)
- 23% (2024)
- Value for men in Peru, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −5.9 pp (2024)
- In 2024, the figure was 17.1% for women and 23% for men — 5.9 percentage points lower among women.
- Among the poorest 40% (2024)
- 8.8% (2024)
- Value for adults in the poorest 40% of households in Peru in 2024.
- Poorest-40% gap vs national
- −11.3 pp (2024)
- The poorest 40% (8.8%) are 11.3 percentage points below the national figure (20.1%).
- Internet use in Peru (2024)
- 82% (2024)
- 82% of the population in Peru used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 34.2 million (2024)
- Peru had a population of 34.2 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 20.1% | −1.9 pp |
| 2021 | 21.9% | +2.9 pp |
| 2017 | 19.1% | +1.1 pp |
| 2014 | 18% | — |
Frequently asked questions
What share of adults in Peru borrowed from a formal financial institution?
20.1% of adults in Peru borrowed from a formal financial institution in 2024, according to World Bank Global Findex data.
How has formal borrowing in Peru changed over time?
World Bank Global Findex data show a rise from 18% in 2014 to 20.1% in 2024.
How does Peru compare with other countries in Latin America & Caribbean?
Peru ranks 6 of 20 countries in Latin America & Caribbean with data, with 20.1% versus a regional average of 18.9% (latest values per country).
Where does Peru rank globally on formal borrowing?
Peru ranks 55 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
Is there a gender gap in formal borrowing in Peru?
Yes — in 2024 the figure was 17.1% for women and 23% for men, a gap of 5.9 percentage points in favor of men.
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 .