Panama vs South Africa: Saved at a bank or similar financial institution
Panama
27.5%
in 2024
South Africa
32.0%
in 2024
Panama rank
17th
South Africa rank
14th
Saved at a bank or similar financial institution over time
- Panama
- South Africa
How they compare
South Africa currently reports 32.0% against 27.5% in Panama, a difference of 4.5%.
That makes South Africa's figure about 1.2 times Panama's.
Across all 5 years both countries report, South Africa has been ahead every year.
Panama ranks 17th and South Africa ranks 14th of 80 countries.
South Africa has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 15.8% | 25.6% | 9.9% | South Africa |
| 2020s | 21.3% | 34.6% | 13.3% | South Africa |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher saved at a bank or similar financial institution, Panama or South Africa?
- South Africa, at 32.0% against 27.5% in Panama as of 2024.
- What is the difference in saved at a bank or similar financial institution between Panama and South Africa?
- 4.5%, with South Africa ahead.
- How many years of comparable data are there for Panama and South Africa?
- 5 years are reported by both, from 2011 to 2024.
- How do Panama and South Africa rank globally for saved at a bank or similar financial institution?
- Panama ranks 17th and South Africa ranks 14th 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+)