Bank or similar financial institution account in Malawi
Malawi: Bank or similar financial institution account was 12.4% in 2024. ▼ Falling
Bank or similar financial institution account in Malawi, 2011–2024
Source: Global Findex Database. Measured in % age 15+.
Analysis
In 2024, bank or similar financial institution account in Malawi stood at 12.4%. That is the lowest value across all 5 years on record.
The figure is down 38.6% on the previous year and down 23.1% over ten years.
Over the whole period, bank or similar financial institution account in Malawi peaked at 23.0% in 2017 and was at its lowest, 12.4%, in 2024.
That places Malawi 114th out of 115 countries with data for 2024, putting it in the bottom quarter.
Bank or similar financial institution account in Malawi, year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 16.5% | — |
| 2014 | 16.1% | -2.4% |
| 2017 | 23.0% | +42.5% |
| 2021 | 20.2% | -12.0% |
| 2024 | 12.4% | -38.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 18.6% | 16.1% | 23.0% | 3 |
| 2020s | 16.3% | 12.4% | 20.2% | 2 |
Countries ranked near Malawi
- 111 Congo 14.7% compare
- 112 Congo, Democratic Republic of the 13.5% compare
- 113 Niger 12.7% compare
- 115 Madagascar 9.5% compare
More reference data data for Malawi
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1596 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 1.09 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 3.71 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.3426 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 3.71 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.5353 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.6012 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 4.92 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 16.7 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 1.87 (2050)
Frequently asked questions
- What is bank or similar financial institution account in Malawi?
- Bank or similar financial institution account in Malawi was 12.4% in 2024, according to Global Findex Database.
- What is the highest bank or similar financial institution account recorded in Malawi?
- The highest recorded value was 23.0% in 2017.
- What is the lowest bank or similar financial institution account recorded in Malawi?
- The lowest recorded value was 12.4% in 2024.
- How does Malawi rank for bank or similar financial institution account?
- Malawi ranks 114th out of 115 countries with data for 2024.
- Is bank or similar financial institution account rising or falling in Malawi?
- Over the last ten years it is down 23.1%. The long-run trend across the full record is falling.
- Where does this Malawi 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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About this data
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+)