Bank or similar financial institution account in Benin

Benin: Bank or similar financial institution account was 19.9% in 2024. ▲ Rising

Latest (2024)
19.9%
Change on year
down 16.3%
World rank
105th
of 115 countries
All-time high
31.9%
in 2017
All-time low
10.5%
in 2011
Years of data
5
2011–2024

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

10152025302011201720242011: 10.5 % age 15+2014: 16 % age 15+2017: 31.9 % age 15+2021: 23.8 % age 15+2024: 19.9 % age 15+

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

Analysis

The most recent figure for bank or similar financial institution account in Benin is 19.9%, measured in 2024.

The figure is down 16.3% on the previous year and up 24.6% over ten years.

Over the whole period, bank or similar financial institution account in Benin peaked at 31.9% in 2017 and was at its lowest, 10.5%, in 2011.

That places Benin 105th out of 115 countries with data for 2024, putting it in the bottom quarter.

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

Annual values for Bank or similar financial institution account (% age 15+) in Benin, 2011 to 2024.
Year % age 15+ Change
2011 10.5%
2014 16.0% +52.7%
2017 31.9% +99.5%
2021 23.8% -25.4%
2024 19.9% -16.3%

Averages by decade

DecadeAverage LowestHighest Years
2010s 19.4% 10.5% 31.9% 3
2020s 21.8% 19.9% 23.8% 2

Countries ranked near Benin

  1. 102 Nicaragua 21.5% compare
  2. 103 Cameroon 21.0% compare
  3. 104 Burkina Faso 20.5% compare
  4. 106 Mali 18.4% compare
  5. 107 Pakistan 18.3% compare
  6. 108 Guinea 16.9% compare

See the full ranking of 127 places →

More reference data data for Benin

All data for Benin →

Frequently asked questions

What is bank or similar financial institution account in Benin?
Bank or similar financial institution account in Benin was 19.9% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Benin?
The highest recorded value was 31.9% in 2017.
What is the lowest bank or similar financial institution account recorded in Benin?
The lowest recorded value was 10.5% in 2011.
How does Benin rank for bank or similar financial institution account?
Benin ranks 105th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Benin?
Over the last ten years it is up 24.6%. The long-run trend across the full record is rising.
Where does this Benin 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 Benin. Statizoid, drawing on Global Findex Database. Retrieved 27 August 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/benin/

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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+)