Share of adults with an account at a financial institution in Malawi
Malawi: Share of adults with an account at a financial institution was 50.4% in 2024. ▲ Rising
Share of adults with an account at a financial institution in Malawi, 2011–2024
Source: Global Findex Database - World Bank (2026) – processed by Our World in Data. Measured in % age 15+.
Analysis
In 2024, share of adults with an account at a financial institution in Malawi stood at 50.4%. That is the highest value across all 5 years on record.
That represents a change of up 17.9% on the previous year and up 178.4% over ten years.
Over the whole period, share of adults with an account at a financial institution in Malawi peaked at 50.4% in 2024 and was at its lowest, 16.5%, in 2011.
That places Malawi 92nd out of 115 countries with data for 2024, putting it in the bottom quarter.
Share of adults with an account at a financial institution in Malawi, year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 16.5% | — |
| 2014 | 18.1% | +9.4% |
| 2017 | 33.7% | +86.3% |
| 2021 | 42.7% | +26.7% |
| 2024 | 50.4% | +17.9% |
Malawi compared with similar countries
- Malawi's 50.4% is above the median for low income countries, which is 39.2%, 1.3× the median. (9 countries reporting)
- Malawi's 50.4% is below the median for Sub-Saharan Africa, which is 56.5%, 89% of the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 22.8% | 16.5% | 33.7% | 3 |
| 2020s | 46.5% | 42.7% | 50.4% | 2 |
Countries ranked near Malawi
More reference data data for Malawi
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1596 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.09 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.71 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3426 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.71 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.5353 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.6012 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 4.92 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 16.7 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.87 (2050)
Frequently asked questions
- What is share of adults with an account at a financial institution in Malawi?
- Share of adults with an account at a financial institution in Malawi was 50.4% in 2024, according to Global Findex Database - World Bank (2026) – processed by Our World in Data.
- What is the highest share of adults with an account at a financial institution recorded in Malawi?
- The highest recorded value was 50.4% in 2024.
- What is the lowest share of adults with an account at a financial institution recorded in Malawi?
- The lowest recorded value was 16.5% in 2011.
- How does Malawi rank for share of adults with an account at a financial institution?
- Malawi ranks 92nd out of 115 countries with data for 2024.
- Is share of adults with an account at a financial institution rising or falling in Malawi?
- Over the last ten years it is up 178.4%. The long-run trend across the full record is rising.
- Where does this Malawi data come from?
- The figures come from Global Findex Database - World Bank (2026) – processed by Our World in Data, published as part of Share of adults with an account at a financial institution. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The share of respondents aged 15 and older, who report having an account (by themselves or with someone else) at a bank or another type of financial institution.