Account in Malawi

Malawi: Account was 50.4% in 2024. ▲ Rising

Latest (2024)
50.4%
Change on year
up 17.9%
World rank
95th
of 118 countries
All-time high
50.4%
in 2024
All-time low
16.5%
in 2011
Years of data
5
2011–2024

Account in Malawi, 2011–2024

203040502011201720242011: 16.5 % age 15+2014: 18.1 % age 15+2017: 33.7 % age 15+2021: 42.7 % age 15+2024: 50.4 % age 15+

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

Analysis

In 2024, account in Malawi stood at 50.4%. That is the highest value across all 5 years on record.

Compared with earlier readings it is up 17.9% on the previous year and up 178.4% over ten years.

Over the whole period, account in Malawi peaked at 50.4% in 2024 and was at its lowest, 16.5%, in 2011.

Malawi ranks 95th of 118 countries on this measure, in the bottom quarter.

Account in Malawi, year by year

Annual values for Account (% age 15+) in Malawi, 2011 to 2024.
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

DecadeAverage LowestHighest Years
2010s 22.8% 16.5% 33.7% 3
2020s 46.5% 42.7% 50.4% 2

Countries ranked near Malawi

  1. 92 Mexico 53.0% compare
  2. 93 Benin 51.8% compare
  3. 94 Burkina Faso 51.4% compare
  4. 96 Philippines 50.2% compare
  5. 97 Zimbabwe 49.5% compare
  6. 98 Jordan 46.5% compare

See the full ranking of 130 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is account in Malawi?
Account in Malawi was 50.4% in 2024, according to Global Findex Database.
What is the highest account recorded in Malawi?
The highest recorded value was 50.4% in 2024.
What is the lowest account recorded in Malawi?
The lowest recorded value was 16.5% in 2011.
How does Malawi rank for account?
Malawi ranks 95th out of 118 countries with data for 2024.
Is account 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, published as part of Account (% age 15+). Statizoid updates them automatically from the source API.

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

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About this data

Indicator
Account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
130 places, 650 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 similar financial institution (see the definition for "bank or similar financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), (% age 15+)