Malawi—Account Ownership at Financial Institution (%)
Category: FinanceSource: World Bank World Development IndicatorsGlobal Rank: #115 of 158
Latest Value
50.4%
2024
YoY Change
+17.9%
2021 → 2024
Global Rank
#115
of 158 countries
Maximum
50.4%
2024
Minimum
16.5%
2011
CAGR
+8.9%
5 years
Last
50.4%
Previous
42.7%
Highest
50.4%
Lowest
16.5%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 50.4% | +17.9% |
| 2021 | 42.7% | +26.7% |
| 2017 | 33.7% | +86.3% |
| 2014 | 18.1% | +9.4% |
| 2011 | 16.5% |
Top Countries — Account Ownership at Financial Institution (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Iceland | 99.9% | 2024 |
| 2 | Finland | 99.8% | 2024 |
| 3 | Austria | 99.5% | 2024 |
| 4 | United Kingdom | 99.3% | 2024 |
| 5 | France | 99.2% | 2024 |
| 6 | Netherlands | 99.2% | 2024 |
| 7 | Lithuania | 99.0% | 2024 |
| 8 | Estonia | 98.9% | 2024 |
| 9 | Luxembourg | 98.8% | 2017 |
| 10 | Slovenia | 98.7% | 2024 |
About This Indicator
Definition
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (% age 15+).
Methodology
Data compiled by Global Findex Database, World Bank (WB), uri: https://www.worldbank.org/en/publication/globalfindex.
Source: World Bank - World Development IndicatorsView original source →