Bank or similar financial institution account, out of laborforce in South Africa
South Africa: Bank or similar financial institution account, out of laborforce was 74.6% in 2024. ▲ Rising
Latest (2024)
74.6%
Change on year
down 3.4%
World rank
43rd
of 98 countries
All-time high
77.2%
in 2021
All-time low
39.3%
in 2011
Years of data
5
2011–2024
Bank or similar financial institution account, out of laborforce in South Africa, 2011–2024
Source: World Bank. Measured in % age 15+.
Analysis
South Africa recorded 74.6% for bank or similar financial institution account, out of laborforce in 2024.
That represents a change of down 3.4% on the previous year and up 30.9% over ten years.
Over the whole period, bank or similar financial institution account, out of laborforce in South Africa peaked at 77.2% in 2021 and was at its lowest, 39.3%, in 2011.
South Africa ranks 43rd of 98 countries on this measure, in the middle of the range.
Bank or similar financial institution account, out of laborforce in South Africa, year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 39.3% | — |
| 2014 | 57.0% | +45.1% |
| 2017 | 59.3% | +4.1% |
| 2021 | 77.2% | +30.1% |
| 2024 | 74.6% | -3.4% |
South Africa compared with similar countries
- South Africa's 74.6% is above the median for upper middle income countries, which is 61.6%, 1.2× the median. (33 countries reporting)
- South Africa's 74.6% is above the median for Sub-Saharan Africa, which is 16.7%, 4.5× the median. (17 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 51.9% | 39.3% | 59.3% | 3 |
| 2020s | 75.9% | 74.6% | 77.2% | 2 |
Countries ranked near South Africa
More reference data data for South Africa
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.5111 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 8.71 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 13.63 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.7468 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 13.63 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.71 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.49 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 41.1 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 63.65 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 4.07 (2050)
Frequently asked questions
- What is bank or similar financial institution account, out of laborforce in South Africa?
- Bank or similar financial institution account, out of laborforce in South Africa was 74.6% in 2024, according to the World Bank.
- What is the highest bank or similar financial institution account, out of laborforce recorded in South Africa?
- The highest recorded value was 77.2% in 2021.
- What is the lowest bank or similar financial institution account, out of laborforce recorded in South Africa?
- The lowest recorded value was 39.3% in 2011.
- How does South Africa rank for bank or similar financial institution account, out of laborforce?
- South Africa ranks 43rd out of 98 countries with data for 2024.
- Is bank or similar financial institution account, out of laborforce rising or falling in South Africa?
- Over the last ten years it is up 30.9%. 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, out of laborforce (% age 15+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).