Nigeria vs Sub-Saharan Africa (excluding high income): Saved at a bank or similar financial institution
Nigeria
37.7%
in 2024
Sub-Saharan Africa (excluding high income)
19.7%
in 2024
Nigeria rank
8th
Sub-Saharan Africa (excluding high income) rank
8th
Saved at a bank or similar financial institution over time
- Nigeria
- Sub-Saharan Africa (excluding high income)
How they compare
Nigeria currently reports 37.7% against 19.7% in Sub-Saharan Africa (excluding high income), a difference of 18.0%.
That makes Nigeria's figure about 1.9 times Sub-Saharan Africa (excluding high income)'s.
Across all 5 years both countries report, Nigeria has been ahead every year.
Nigeria ranks 8th and Sub-Saharan Africa (excluding high income) ranks 8th of 80 countries.
Nigeria has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Nigeria | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 23.7% | 14.9% | 8.9% | Nigeria |
| 2020s | 27.7% | 17.2% | 10.5% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher saved at a bank or similar financial institution, Nigeria or Sub-Saharan Africa (excluding high income)?
- Nigeria, at 37.7% against 19.7% in Sub-Saharan Africa (excluding high income) as of 2024.
- What is the difference in saved at a bank or similar financial institution between Nigeria and Sub-Saharan Africa (excluding high income)?
- 18.0%, with Nigeria ahead.
- How many years of comparable data are there for Nigeria and Sub-Saharan Africa (excluding high income)?
- 5 years are reported by both, from 2011 to 2024.
- How do Nigeria and Sub-Saharan Africa (excluding high income) rank globally for saved at a bank or similar financial institution?
- Nigeria ranks 8th and Sub-Saharan Africa (excluding high income) ranks 8th of 80 countries.
- Where does this data come from?
- Global Findex Database, published as Saved at a bank or similar financial institution (% age 15+). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution in the past year, (% age 15+)