Bank or similar financial institution account, older in South Africa

South Africa: Bank or similar financial institution account, older was 83.5% in 2024. ▲ Rising

Latest (2024)
83.5%
Change on year
down 2.9%
World rank
52nd
of 106 countries
All-time high
85.9%
in 2021
All-time low
59.1%
in 2011
Years of data
5
2011–2024

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

0204060802011201720242011: 59.1 % age 25+2014: 75.9 % age 25+2017: 69.9 % age 25+2021: 85.9 % age 25+2024: 83.5 % age 25+

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

Analysis

In 2024, bank or similar financial institution account, older in South Africa stood at 83.5%.

That represents a change of down 2.9% on the previous year and up 10.0% over ten years.

Over the whole period, bank or similar financial institution account, older in South Africa peaked at 85.9% in 2021 and was at its lowest, 59.1%, in 2011.

That places South Africa 52nd out of 106 countries with data for 2024, putting it in the middle of the range.

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

Annual values for Bank or similar financial institution account, older (% age 25+) in South Africa, 2011 to 2024.
Year % age 25+ Change
2011 59.1%
2014 75.9% +28.4%
2017 69.9% -7.8%
2021 85.9% +22.9%
2024 83.5% -2.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 68.3% 59.1% 75.9% 3
2020s 84.7% 83.5% 85.9% 2

Countries ranked near South Africa

  1. 49 Türkiye 85.5% compare
  2. 50 Bulgaria 85.3% compare
  3. 51 Chile 85.0% compare
  4. 53 Sri Lanka 83.2% compare
  5. 54 Saudi Arabia 81.2% compare
  6. 55 Bosnia and Herzegovina 81.0% 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 bank or similar financial institution account, older in South Africa?
Bank or similar financial institution account, older in South Africa was 83.5% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, older recorded in South Africa?
The highest recorded value was 85.9% in 2021.
What is the lowest bank or similar financial institution account, older recorded in South Africa?
The lowest recorded value was 59.1% in 2011.
How does South Africa rank for bank or similar financial institution account, older?
South Africa ranks 52nd out of 106 countries with data for 2024.
Is bank or similar financial institution account, older rising or falling in South Africa?
Over the last ten years it is up 10.0%. 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, older (% age 25+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, older in South Africa. Statizoid. Retrieved 06 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-older-percent-age-25/south-africa/

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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