Bank or similar financial institution account, older in Malawi

Malawi: Bank or similar financial institution account, older was 13.4% in 2024. ▼ Falling

Latest (2024)
13.4%
Change on year
down 41.5%
World rank
106th
of 106 countries
All-time high
24.1%
in 2017
All-time low
13.4%
in 2024
Years of data
5
2011–2024

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

05101520252011201720242011: 20.2 % age 25+2014: 19.5 % age 25+2017: 24.1 % age 25+2021: 23 % age 25+2024: 13.4 % age 25+

Source: World Bank. Measured in % age 25+.

Analysis

The most recent figure for bank or similar financial institution account, older in Malawi is 13.4%, measured in 2024. That is the lowest value across all 5 years on record.

Compared with earlier readings it is down 41.5% on the previous year and down 31.1% over ten years.

Over the whole period, bank or similar financial institution account, older in Malawi peaked at 24.1% in 2017 and was at its lowest, 13.4%, in 2024.

Malawi ranks 106th of 106 countries on this measure, in the bottom quarter.

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

Annual values for Bank or similar financial institution account, older (% age 25+) in Malawi, 2011 to 2024.
Year % age 25+ Change
2011 20.2%
2014 19.5% -3.3%
2017 24.1% +23.5%
2021 23.0% -4.6%
2024 13.4% -41.5%

Averages by decade

DecadeAverage LowestHighest Years
2010s 21.2% 19.5% 24.1% 3
2020s 18.2% 13.4% 23.0% 2

Countries ranked near Malawi

  1. 103 Nicaragua 19.7% compare
  2. 104 Congo 19.0% compare
  3. 105 Sierra Leone 16.9% compare

See the full ranking of 118 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is bank or similar financial institution account, older in Malawi?
Bank or similar financial institution account, older in Malawi was 13.4% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, older recorded in Malawi?
The highest recorded value was 24.1% in 2017.
What is the lowest bank or similar financial institution account, older recorded in Malawi?
The lowest recorded value was 13.4% in 2024.
How does Malawi rank for bank or similar financial institution account, older?
Malawi ranks 106th out of 106 countries with data for 2024.
Is bank or similar financial institution account, older rising or falling in Malawi?
Over the last ten years it is down 31.1%. 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, older (% age 25+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, older in Malawi. Statizoid. Retrieved 30 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-older-percent-age-25/malawi/

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About this data

Indicator
Bank or similar financial institution account, older (% age 25+)
Unit
% age 25+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed