Bank or similar financial institution account, in laborforce in South Africa

South Africa: Bank or similar financial institution account, in laborforce was 83.7% in 2024. ▲ Rising

Latest (2024)
83.7%
Change on year
down 8.1%
World rank
54th
of 98 countries
All-time high
91.1%
in 2021
All-time low
77.6%
in 2017
Years of data
5
2011–2024

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

0204060801002011201720242011: 81.6 % age 15+2014: 84.8 % age 15+2017: 77.6 % age 15+2021: 91.1 % age 15+2024: 83.7 % age 15+

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

Analysis

South Africa recorded 83.7% for bank or similar financial institution account, in laborforce in 2024.

Compared with earlier readings it is down 8.1% on the previous year and down 1.2% over ten years.

Over the whole period, bank or similar financial institution account, in laborforce in South Africa peaked at 91.1% in 2021 and was at its lowest, 77.6%, in 2017.

South Africa ranks 54th of 98 countries on this measure, in the middle of the range.

Bank or similar financial institution account, in laborforce in South Africa, year by year

Annual values for Bank or similar financial institution account, in laborforce (% age 15+) in South Africa, 2011 to 2024.
Year % age 15+ Change
2011 81.6%
2014 84.8% +3.9%
2017 77.6% -8.5%
2021 91.1% +17.4%
2024 83.7% -8.1%

Averages by decade

DecadeAverage LowestHighest Years
2010s 81.3% 77.6% 84.8% 3
2020s 87.4% 83.7% 91.1% 2

Countries ranked near South Africa

  1. 51 Russian Federation 84.6% compare
  2. 52 Kosovo 83.9% compare
  3. 52 Kosovo (UNSCR 1244) 83.9% compare
  4. 55 Georgia 83.4% compare
  5. 56 Saudi Arabia 82.6% compare
  6. 57 Uruguay 82.0% compare

See the full ranking of 110 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is bank or similar financial institution account, in laborforce in South Africa?
Bank or similar financial institution account, in laborforce in South Africa was 83.7% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, in laborforce recorded in South Africa?
The highest recorded value was 91.1% in 2021.
What is the lowest bank or similar financial institution account, in laborforce recorded in South Africa?
The lowest recorded value was 77.6% in 2017.
How does South Africa rank for bank or similar financial institution account, in laborforce?
South Africa ranks 54th out of 98 countries with data for 2024.
Is bank or similar financial institution account, in laborforce rising or falling in South Africa?
Over the last ten years it is down 1.2%. The long-run trend across the full record is rising.
Where does this South Africa 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 South Africa. Statizoid. Retrieved 08 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-in-laborforce-percent-age-15/south-africa/

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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