Bank or similar financial institution account in Saudi Arabia

Saudi Arabia: Bank or similar financial institution account was 78.0% in 2024. ▲ Rising

Latest (2024)
78.0%
Change on year
up 4.9%
World rank
55th
of 115 countries
All-time high
78.0%
in 2024
All-time low
46.4%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account in Saudi Arabia, 2011–2024

0204060802011201720242011: 46.4 % age 15+2014: 69.4 % age 15+2017: 71.7 % age 15+2021: 74.3 % age 15+2024: 78 % age 15+

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

Analysis

The most recent figure for bank or similar financial institution account in Saudi Arabia is 78.0%, measured in 2024. That is the highest value across all 5 years on record.

That represents a change of up 4.9% on the previous year and up 12.3% over ten years.

Over the whole period, bank or similar financial institution account in Saudi Arabia peaked at 78.0% in 2024 and was at its lowest, 46.4%, in 2011.

Saudi Arabia ranks 55th of 115 countries on this measure, in the middle of the range.

Bank or similar financial institution account in Saudi Arabia, year by year

Annual values for Bank or similar financial institution account (% age 15+) in Saudi Arabia, 2011 to 2024.
Year % age 15+ Change
2011 46.4%
2014 69.4% +49.5%
2017 71.7% +3.3%
2021 74.3% +3.7%
2024 78.0% +4.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 62.5% 46.4% 71.7% 3
2020s 76.1% 74.3% 78.0% 2

Countries ranked near Saudi Arabia

  1. 52 Russia 79.2% compare
  2. 53 Georgia 78.8% compare
  3. 54 South Africa 78.4% compare
  4. 56 Bosnia and Herzegovina 77.5% compare
  5. 57 Uruguay 73.7% compare
  6. 58 Argentina 72.9% compare

See the full ranking of 127 places →

More reference data data for Saudi Arabia

All data for Saudi Arabia →

Frequently asked questions

What is bank or similar financial institution account in Saudi Arabia?
Bank or similar financial institution account in Saudi Arabia was 78.0% in 2024, according to Global Findex Database.
What is the highest bank or similar financial institution account recorded in Saudi Arabia?
The highest recorded value was 78.0% in 2024.
What is the lowest bank or similar financial institution account recorded in Saudi Arabia?
The lowest recorded value was 46.4% in 2011.
How does Saudi Arabia rank for bank or similar financial institution account?
Saudi Arabia ranks 55th out of 115 countries with data for 2024.
Is bank or similar financial institution account rising or falling in Saudi Arabia?
Over the last ten years it is up 12.3%. The long-run trend across the full record is rising.
Where does this Saudi Arabia 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 Saudi Arabia. Statizoid, drawing on Global Findex Database. Retrieved 01 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-percent-age-15/saudi-arabia/

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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+)