Bank or similar financial institution account in Armenia

Armenia: Bank or similar financial institution account was 70.5% in 2024. ◆ Volatile

Latest (2024)
70.5%
Change on year
up 35.0%
World rank
61st
of 115 countries
All-time high
70.5%
in 2024
All-time low
17.2%
in 2014
Years of data
5
2011–2024

Bank or similar financial institution account in Armenia, 2011–2024

204060802011201720242011: 17.5 % age 15+2014: 17.2 % age 15+2017: 45.3 % age 15+2021: 52.2 % age 15+2024: 70.5 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

In 2024, bank or similar financial institution account in Armenia stood at 70.5%. That is the highest value across all 5 years on record.

That represents a change of up 35.0% on the previous year and up 309.1% over ten years.

Over the whole period, bank or similar financial institution account in Armenia peaked at 70.5% in 2024 and was at its lowest, 17.2%, in 2014.

That places Armenia 61st out of 115 countries with data for 2024, putting it in the middle of the range.

Bank or similar financial institution account in Armenia, year by year

Annual values for Bank or similar financial institution account (% age 15+) in Armenia, 2011 to 2024.
Year % age 15+ Change
2011 17.5%
2014 17.2% -1.4%
2017 45.3% +162.9%
2021 52.2% +15.3%
2024 70.5% +35.0%

Averages by decade

DecadeAverage LowestHighest Years
2010s 26.7% 17.2% 45.3% 3
2020s 61.4% 52.2% 70.5% 2

Countries ranked near Armenia

  1. 58 Argentina 72.9% compare
  2. 59 Costa Rica 71.4% compare
  3. 60 Romania 71.3% compare
  4. 62 Kyrgyzstan 70.0% compare
  5. 63 Viet Nam 69.9% compare
  6. 64 Ecuador 63.9% compare

See the full ranking of 127 places →

More reference data data for Armenia

All data for Armenia →

Frequently asked questions

What is bank or similar financial institution account in Armenia?
Bank or similar financial institution account in Armenia was 70.5% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Armenia?
The highest recorded value was 70.5% in 2024.
What is the lowest bank or similar financial institution account recorded in Armenia?
The lowest recorded value was 17.2% in 2014.
How does Armenia rank for bank or similar financial institution account?
Armenia ranks 61st out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Armenia?
Over the last ten years it is up 309.1%. The long-run trend across the full record is volatile.
Where does this Armenia data come from?
The figures come from Global Findex Database, published as part of Bank or similar financial institution account (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account in Armenia. Statizoid, drawing on Global Findex Database. Retrieved 31 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/armenia/

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About this data

Indicator
Bank or similar financial institution account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 635 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another similar financial institution, (% age 15+)