Bank or similar financial institution account, in laborforce in Malawi

Malawi: Bank or similar financial institution account, in laborforce was 15.7% in 2024. ▼ Falling

Latest (2024)
15.7%
Change on year
down 35.5%
World rank
98th
of 98 countries
All-time high
28.0%
in 2017
All-time low
15.7%
in 2024
Years of data
5
2011–2024

Bank or similar financial institution account, in laborforce in Malawi, 2011–2024

01020302011201720242011: 21.4 % age 15+2014: 17.8 % age 15+2017: 28 % age 15+2021: 24.4 % age 15+2024: 15.7 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

In 2024, bank or similar financial institution account, in laborforce in Malawi stood at 15.7%. That is the lowest value across all 5 years on record.

Compared with earlier readings it is down 35.5% on the previous year and down 11.7% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in Malawi peaked at 28.0% in 2017 and was at its lowest, 15.7%, in 2024.

That places Malawi 98th out of 98 countries with data for 2024, putting it in the bottom quarter.

Bank or similar financial institution account, in laborforce in Malawi, year by year

Annual values for Bank or similar financial institution account, in laborforce (% age 15+) in Malawi, 2011 to 2024.
Year % age 15+ Change
2011 21.4%
2014 17.8% -16.6%
2017 28.0% +57.3%
2021 24.4% -13.0%
2024 15.7% -35.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 22.4% 17.8% 28.0% 3
2020s 20.1% 15.7% 24.4% 2

Countries ranked near Malawi

  1. 95 Burkina Faso 19.9% compare
  2. 96 Congo 19.1% compare
  3. 97 Sierra Leone 17.2% compare

See the full ranking of 110 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in Malawi?
Bank or similar financial institution account, in laborforce in Malawi was 15.7% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in Malawi?
The highest recorded value was 28.0% in 2017.
What is the lowest bank or similar financial institution account, in laborforce recorded in Malawi?
The lowest recorded value was 15.7% in 2024.
How does Malawi rank for bank or similar financial institution account, in laborforce?
Malawi ranks 98th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in Malawi?
Over the last ten years it is down 11.7%. The long-run trend across the full record is falling.
Where does this Malawi data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, in laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, in laborforce in Malawi. Statizoid. Retrieved 31 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/malawi/

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About this data

Indicator
Bank or similar financial institution account, in laborforce (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
110 places, 550 data points, 2011–2024
Last refreshed