Account, income, poorest 40% in South Africa

South Africa: Account, income, poorest 40% was 74.2% in 2024. ▲ Rising

Latest (2024)
74.2%
Change on year
down 4.6%
World rank
54th
of 103 countries
All-time high
77.8%
in 2021
All-time low
39.6%
in 2011
Years of data
5
2011–2024

Account, income, poorest 40% in South Africa, 2011–2024

0204060802011201720242011: 39.6 % ages 15+2014: 56.4 % ages 15+2017: 62.6 % ages 15+2021: 77.8 % ages 15+2024: 74.2 % ages 15+

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

Analysis

In 2024, account, income, poorest 40% in South Africa stood at 74.2%.

That represents a change of down 4.6% on the previous year and up 31.7% over ten years.

Over the whole period, account, income, poorest 40% in South Africa peaked at 77.8% in 2021 and was at its lowest, 39.6%, in 2011.

That places South Africa 54th out of 103 countries with data for 2024, putting it in the middle of the range.

Account, income, poorest 40% in South Africa, year by year

Annual values for Account, income, poorest 40% (% ages 15+) in South Africa, 2011 to 2024.
Year % ages 15+ Change
2011 39.6%
2014 56.4% +42.5%
2017 62.6% +11.1%
2021 77.8% +24.2%
2024 74.2% -4.6%

Averages by decade

DecadeAverage LowestHighest Years
2010s 52.8% 39.6% 62.6% 3
2020s 76.0% 74.2% 77.8% 2

Countries ranked near South Africa

  1. 51 Serbia 75.1% compare
  2. 52 Argentina 74.7% compare
  3. 53 Saudi Arabia 74.6% compare
  4. 55 Russian Federation 70.6% compare
  5. 56 Bosnia and Herzegovina 70.4% compare
  6. 57 Ghana 69.6% compare

See the full ranking of 115 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is account, income, poorest 40% in South Africa?
Account, income, poorest 40% in South Africa was 74.2% in 2024, according to Global Findex database.
What is the highest account, income, poorest 40% recorded in South Africa?
The highest recorded value was 77.8% in 2021.
What is the lowest account, income, poorest 40% recorded in South Africa?
The lowest recorded value was 39.6% in 2011.
How does South Africa rank for account, income, poorest 40%?
South Africa ranks 54th out of 103 countries with data for 2024.
Is account, income, poorest 40% rising or falling in South Africa?
Over the last ten years it is up 31.7%. The long-run trend across the full record is rising.
Where does this South Africa data come from?
The figures come from Global Findex database, published as part of Account, income, poorest 40% (% ages 15+). Statizoid updates them automatically from the source API.

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Account, income, poorest 40% in South Africa. Statizoid, drawing on Global Findex database. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/account-income-poorest-40-percent-percent-ages-15/south-africa/

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About this data

Indicator
Account, income, poorest 40% (% ages 15+)
Unit
% ages 15+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
115 places, 575 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"), poorest 40% (% ages 15+)