Bank or similar financial institution account, in laborforce in Nigeria

Nigeria: Bank or similar financial institution account, in laborforce was 67.0% in 2024. ▲ Rising

Latest (2024)
67.0%
Change on year
up 25.9%
World rank
66th
of 98 countries
All-time high
67.0%
in 2024
All-time low
34.7%
in 2011
Years of data
5
2011–2024

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

02040602011201720242011: 34.7 % age 15+2014: 51.9 % age 15+2017: 42 % age 15+2021: 53.2 % age 15+2024: 67 % age 15+

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

Analysis

Nigeria recorded 67.0% for bank or similar financial institution account, in laborforce in 2024. That is the highest value across all 5 years on record.

The figure is up 25.9% on the previous year and up 29.2% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in Nigeria peaked at 67.0% in 2024 and was at its lowest, 34.7%, in 2011.

That places Nigeria 66th out of 98 countries with data for 2024, putting it in the middle of the range.

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

Annual values for Bank or similar financial institution account, in laborforce (% age 15+) in Nigeria, 2011 to 2024.
Year % age 15+ Change
2011 34.7%
2014 51.9% +49.5%
2017 42.0% -19.0%
2021 53.2% +26.6%
2024 67.0% +25.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 42.9% 34.7% 51.9% 3
2020s 60.1% 53.2% 67.0% 2

Countries ranked near Nigeria

  1. 63 Albania 73.0% compare
  2. 64 Panama 70.4% compare
  3. 65 Azerbaijan 70.1% compare
  4. 67 Uzbekistan 65.4% compare
  5. 68 Nepal 63.6% compare
  6. 69 Peru 58.4% compare

See the full ranking of 110 places →

More reference data data for Nigeria

All data for Nigeria →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in Nigeria?
Bank or similar financial institution account, in laborforce in Nigeria was 67.0% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in Nigeria?
The highest recorded value was 67.0% in 2024.
What is the lowest bank or similar financial institution account, in laborforce recorded in Nigeria?
The lowest recorded value was 34.7% in 2011.
How does Nigeria rank for bank or similar financial institution account, in laborforce?
Nigeria ranks 66th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in Nigeria?
Over the last ten years it is up 29.2%. The long-run trend across the full record is rising.
Where does this Nigeria 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 Nigeria. Statizoid. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/nigeria/

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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