Kenya vs Sub-Saharan Africa (excluding high income): Saved at a financial institution or using a mobile money account
Kenya
54.4%
in 2024
Sub-Saharan Africa (excluding high income)
34.7%
in 2024
Kenya rank
4th
Sub-Saharan Africa (excluding high income) rank
4th
Saved at a financial institution or using a mobile money account over time
- Kenya
- Sub-Saharan Africa (excluding high income)
How they compare
Kenya currently reports 54.4% against 34.7% in Sub-Saharan Africa (excluding high income), a difference of 19.7%.
That makes Kenya's figure about 1.6 times Sub-Saharan Africa (excluding high income)'s.
Across all 5 years both countries report, Kenya has been ahead every year.
Kenya ranks 4th and Sub-Saharan Africa (excluding high income) ranks 4th of 82 countries.
Kenya has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Kenya | Sub-Saharan Africa (excluding high income) | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 26.8% | 14.9% | 11.9% | Kenya |
| 2020s | 49.7% | 28.8% | 20.9% | Kenya |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher saved at a financial institution or using a mobile money account, Kenya or Sub-Saharan Africa (excluding high income)?
- Kenya, at 54.4% against 34.7% in Sub-Saharan Africa (excluding high income) as of 2024.
- What is the difference in saved at a financial institution or using a mobile money account between Kenya and Sub-Saharan Africa (excluding high income)?
- 19.7%, with Kenya ahead.
- How many years of comparable data are there for Kenya and Sub-Saharan Africa (excluding high income)?
- 5 years are reported by both, from 2011 to 2024.
- How do Kenya and Sub-Saharan Africa (excluding high income) rank globally for saved at a financial institution or using a mobile money account?
- Kenya ranks 4th and Sub-Saharan Africa (excluding high income) ranks 4th of 82 countries.
- Where does this data come from?
- Global Findex Database, published as Saved at a financial institution or using a mobile money account (% 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 or using a mobile money account to save in the past year, (% age 15+)