Account, young in Malawi

Malawi: Account, young was 47.8% in 2024. ◆ Volatile

Latest (2024)
47.8%
Change on year
up 37.4%
World rank
81st
of 105 countries
All-time high
47.8%
in 2024
All-time low
10.3%
in 2011
Years of data
5
2011–2024

Account, young in Malawi, 2011–2024

10203040502011201720242011: 10.3 % ages 15-242014: 12.1 % ages 15-242017: 31.3 % ages 15-242021: 34.8 % ages 15-242024: 47.8 % ages 15-24

Source: Global Findex database. Measured in % ages 15-24.

Analysis

The most recent figure for account, young in Malawi is 47.8%, measured in 2024. That is the highest value across all 5 years on record.

That represents a change of up 37.4% on the previous year and up 295.3% over ten years.

Over the whole period, account, young in Malawi peaked at 47.8% in 2024 and was at its lowest, 10.3%, in 2011.

Malawi ranks 81st of 105 countries on this measure, in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 17.9% 10.3% 31.3% 3
2020s 41.3% 34.8% 47.8% 2

Countries ranked near Malawi

  1. 78 Peru 53.0% compare
  2. 79 Botswana 52.3% compare
  3. 80 Togo 49.0% compare
  4. 82 Dominican Republic 47.4% compare
  5. 83 Burkina Faso 47.3% compare
  6. 84 Mexico 44.7% compare

See the full ranking of 118 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is account, young in Malawi?
Account, young in Malawi was 47.8% in 2024, according to Global Findex database.
What is the highest account, young recorded in Malawi?
The highest recorded value was 47.8% in 2024.
What is the lowest account, young recorded in Malawi?
The lowest recorded value was 10.3% in 2011.
How does Malawi rank for account, young?
Malawi ranks 81st out of 105 countries with data for 2024.
Is account, young rising or falling in Malawi?
Over the last ten years it is up 295.3%. The long-run trend across the full record is volatile.
Where does this Malawi data come from?
The figures come from Global Findex database, published as part of Account, young (% ages 15-24). 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).

About this data

Indicator
Account, young (% ages 15-24)
Unit
% ages 15-24
Source
Global Findex database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 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"), young (% ages 15-24)