Bank or similar financial institution account, out of laborforce in Malawi

Malawi: Bank or similar financial institution account, out of laborforce was 8.2% in 2024. ▼ Falling

Latest (2024)
8.2%
Change on year
down 41.8%
World rank
98th
of 98 countries
All-time high
14.1%
in 2021
All-time low
8.2%
in 2024
Years of data
5
2011–2024

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

0510152011201720242011: 10.2 % age 15+2014: 12.7 % age 15+2017: 12.7 % age 15+2021: 14.1 % age 15+2024: 8.2 % age 15+

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

Analysis

In 2024, bank or similar financial institution account, out of laborforce in Malawi stood at 8.2%. That is the lowest value across all 5 years on record.

The figure is down 41.8% on the previous year and down 35.5% over ten years.

Over the whole period, bank or similar financial institution account, out of laborforce in Malawi peaked at 14.1% in 2021 and was at its lowest, 8.2%, 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, out of laborforce in Malawi, year by year

Annual values for Bank or similar financial institution account, out of laborforce (% age 15+) in Malawi, 2011 to 2024.
Year % age 15+ Change
2011 10.2%
2014 12.7% +25.5%
2017 12.7% -0.5%
2021 14.1% +11.5%
2024 8.2% -41.8%

Averages by decade

DecadeAverage LowestHighest Years
2010s 11.9% 10.2% 12.7% 3
2020s 11.2% 8.2% 14.1% 2

Countries ranked near Malawi

  1. 95 Lebanon 10.9% compare
  2. 96 Congo 9.6% compare
  3. 97 Benin 8.6% 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, out of laborforce in Malawi?
Bank or similar financial institution account, out of laborforce in Malawi was 8.2% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, out of laborforce recorded in Malawi?
The highest recorded value was 14.1% in 2021.
What is the lowest bank or similar financial institution account, out of laborforce recorded in Malawi?
The lowest recorded value was 8.2% in 2024.
How does Malawi rank for bank or similar financial institution account, out of laborforce?
Malawi ranks 98th out of 98 countries with data for 2024.
Is bank or similar financial institution account, out of laborforce rising or falling in Malawi?
Over the last ten years it is down 35.5%. 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, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, out of laborforce in Malawi. Statizoid. Retrieved 07 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-out-of-laborforce-percent-age-15/malawi/

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About this data

Indicator
Bank or similar financial institution account, out of 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