Account, young in South Africa

South Africa: Account, young was 66.6% in 2024. ▲ Rising

Latest (2024)
66.6%
Change on year
down 15.8%
World rank
56th
of 106 countries
All-time high
79.1%
in 2021
All-time low
40.8%
in 2011
Years of data
5
2011–2024

Account, young in South Africa, 2011–2024

0204060802011201720242011: 40.8 % ages 15-242014: 53.5 % ages 15-242017: 62.9 % ages 15-242021: 79.1 % ages 15-242024: 66.6 % ages 15-24

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

Analysis

The most recent figure for account, young in South Africa is 66.6%, measured in 2024.

The figure is down 15.8% on the previous year and up 24.5% over ten years.

Over the whole period, account, young in South Africa peaked at 79.1% in 2021 and was at its lowest, 40.8%, in 2011.

That places South Africa 56th out of 106 countries with data for 2024, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 52.4% 40.8% 62.9% 3
2020s 72.8% 66.6% 79.1% 2

Countries ranked near South Africa

  1. 53 Kazakhstan, Republic of 68.3% compare
  2. 54 Costa Rica 67.1% compare
  3. 55 Uganda 66.7% compare
  4. 57 Türkiye, Republic of 65.2% compare
  5. 58 Saudi Arabia 64.9% compare
  6. 59 Armenia 63.7% compare

See the full ranking of 118 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is account, young in South Africa?
Account, young in South Africa was 66.6% in 2024, according to Global Findex database.
What is the highest account, young recorded in South Africa?
The highest recorded value was 79.1% in 2021.
What is the lowest account, young recorded in South Africa?
The lowest recorded value was 40.8% in 2011.
How does South Africa rank for account, young?
South Africa ranks 56th out of 106 countries with data for 2024.
Is account, young rising or falling in South Africa?
Over the last ten years it is up 24.5%. 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, young (% ages 15-24). Statizoid updates them automatically from the source API.

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Account, young in South Africa. Statizoid, drawing on Global Findex database. Retrieved 18 August 2026, from https://reference.statizoid.com/stat/account-young-percent-ages-15-24/south-africa/

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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)