Account, in labor force in Malawi

Malawi: Account, in labor force was 60.8% in 2024. ▲ Rising

Latest (2024)
60.8%
Change on year
up 17.4%
World rank
82nd
of 99 countries
All-time high
60.8%
in 2024
All-time low
20.2%
in 2014
Years of data
5
2011–2024

Account, in labor force in Malawi, 2011–2024

20304050602011201720242011: 21.4 % age 15+2014: 20.2 % age 15+2017: 39.6 % age 15+2021: 51.8 % age 15+2024: 60.8 % age 15+

Source: Global Findex database. Measured in % age 15+.

Analysis

Malawi recorded 60.8% for account, in labor force in 2024. That is the highest value across all 5 years on record.

That represents a change of up 17.4% on the previous year and up 201.4% over ten years.

Over the whole period, account, in labor force in Malawi peaked at 60.8% in 2024 and was at its lowest, 20.2%, in 2014.

That places Malawi 82nd out of 99 countries with data for 2024, putting it in the bottom quarter.

Account, in labor force in Malawi, year by year

Annual values for Account, in labor force (% age 15+) in Malawi, 2011 to 2024.
Year % age 15+ Change
2011 21.4%
2014 20.2% -5.6%
2017 39.6% +96.4%
2021 51.8% +30.7%
2024 60.8% +17.4%

Malawi compared with similar countries

  • Malawi's 60.8% is below the median for Sub-Saharan Africa, which is 62.9%, 97% of the median. (17 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 27.1% 20.2% 39.6% 3
2020s 56.3% 51.8% 60.8% 2

Countries ranked near Malawi

  1. 79 Indonesia 62.2% compare
  2. 80 Zimbabwe 62.1% compare
  3. 81 Bolivia 61.1% compare
  4. 83 Togo 59.5% compare
  5. 84 Mexico 59.1% compare
  6. 85 Bangladesh 58.5% compare

See the full ranking of 111 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is account, in labor force in Malawi?
Account, in labor force in Malawi was 60.8% in 2024, according to Global Findex database.
What is the highest account, in labor force recorded in Malawi?
The highest recorded value was 60.8% in 2024.
What is the lowest account, in labor force recorded in Malawi?
The lowest recorded value was 20.2% in 2014.
How does Malawi rank for account, in labor force?
Malawi ranks 82nd out of 99 countries with data for 2024.
Is account, in labor force rising or falling in Malawi?
Over the last ten years it is up 201.4%. The long-run trend across the full record is rising.
Where does this Malawi data come from?
The figures come from Global Findex database, published as part of Account, in labor force (% age 15+). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

Share, cite or embed this page

Cite this page

Account, in labor force in Malawi. Statizoid, drawing on Global Findex database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-in-labor-force-percent-age-15/malawi/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/account-in-labor-force-percent-age-15/malawi/">Account, in labor force in Malawi</a> — Statizoid

About this data

Indicator
Account, in labor force (% age 15+)
Unit
% age 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
111 places, 555 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution (see the definition for "financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), in labor force (% age 15+)