Australia vs Low & middle income: Bank or similar financial institution account, young

Australia
98.7%
in 2024
Low & middle income
58.9%
in 2024
Australia rank
9th
Low & middle income rank
7th

Bank or similar financial institution account, young over time

  • Australia
  • Low & middle income
406080100201120172024

How they compare

Australia currently reports 98.7% against 58.9% in Low & middle income, a difference of 39.8%.

That makes Australia's figure about 1.7 times Low & middle income's.

Across all 5 years both countries report, Australia has been ahead every year.

Australia ranks 9th and Low & middle income ranks 7th of 106 countries.

Australia has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Australia Low & middle income Difference Ahead
2010s 97.8% 40.8% 57.1% Australia
2020s 99.4% 56.9% 42.4% Australia

Averages of every year both report within each decade.

Frequently asked questions

Which has higher bank or similar financial institution account, young, Australia or Low & middle income?
Australia, at 98.7% against 58.9% in Low & middle income as of 2024.
What is the difference in bank or similar financial institution account, young between Australia and Low & middle income?
39.8%, with Australia ahead.
How many years of comparable data are there for Australia and Low & middle income?
5 years are reported by both, from 2011 to 2024.
How do Australia and Low & middle income rank globally for bank or similar financial institution account, young?
Australia ranks 9th and Low & middle income ranks 7th of 106 countries.
Where does this data come from?
The World Bank, published as Bank or similar financial institution account, young (% ages 15-24). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Australia vs Low & middle income: Bank or similar financial institution account, young. Statizoid. Retrieved 12 September 2026, from https://reference.statizoid.com/compare/bank-or-similar-financial-institution-account-young-percent-ages-15-24/australia/low-and-middle-income/

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About this data

Indicator
Bank or similar financial institution account, young (% ages 15-24)
Unit
% ages 15-24
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed