Account, older in Malawi

Malawi: Account, older was 51.9% in 2024. ▲ Rising

Latest (2024)
51.9%
Change on year
up 9.4%
World rank
93rd
of 107 countries
All-time high
51.9%
in 2024
All-time low
20.2%
in 2011
Years of data
5
2011–2024

Account, older in Malawi, 2011–2024

02040602011201720242011: 20.2 % age 25+2014: 21.5 % age 25+2017: 35.2 % age 25+2021: 47.5 % age 25+2024: 51.9 % age 25+

Source: Global Findex database. Measured in % age 25+.

Analysis

In 2024, account, older in Malawi stood at 51.9%. That is the highest value across all 5 years on record.

That represents a change of up 9.4% on the previous year and up 141.7% over ten years.

Over the whole period, account, older in Malawi peaked at 51.9% in 2024 and was at its lowest, 20.2%, in 2011.

That places Malawi 93rd out of 107 countries with data for 2024, putting it in the bottom quarter.

Account, older in Malawi, year by year

Annual values for Account, older (% age 25+) in Malawi, 2011 to 2024.
Year % age 25+ Change
2011 20.2%
2014 21.5% +6.6%
2017 35.2% +64.1%
2021 47.5% +34.7%
2024 51.9% +9.4%

Malawi compared with similar countries

  • Malawi's 51.9% is below the median for Sub-Saharan Africa, which is 63.1%, 82% of the median. (19 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 25.6% 20.2% 35.2% 3
2020s 49.7% 47.5% 51.9% 2

Countries ranked near Malawi

  1. 90 Indonesia 54.7% compare
  2. 91 Zimbabwe 54.7% compare
  3. 92 Burkina Faso 53.6% compare
  4. 94 Palestine 49.1% compare
  5. 95 Albania 48.7% compare
  6. 96 Philippines 48.2% compare

See the full ranking of 119 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is account, older in Malawi?
Account, older in Malawi was 51.9% in 2024, according to Global Findex database.
What is the highest account, older recorded in Malawi?
The highest recorded value was 51.9% in 2024.
What is the lowest account, older recorded in Malawi?
The lowest recorded value was 20.2% in 2011.
How does Malawi rank for account, older?
Malawi ranks 93rd out of 107 countries with data for 2024.
Is account, older rising or falling in Malawi?
Over the last ten years it is up 141.7%. 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, older (% age 25+). Statizoid updates them automatically from the source API.

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Account, older in Malawi. Statizoid, drawing on Global Findex database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-older-percent-age-25/malawi/

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About this data

Indicator
Account, older (% age 25+)
Unit
% age 25+
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
119 places, 595 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"), older (% age 25+)