Bank or similar financial institution account in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Bank or similar financial institution account was 37.8% in 2024. ▲ Rising
Bank or similar financial institution account in Sub-Saharan Africa (excluding high income), 2011–2024
Source: Global Findex Database. Measured in % age 15+.
Analysis
In 2024, bank or similar financial institution account in Sub-Saharan Africa (excluding high income) stood at 37.8%. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 31.0% over ten years.
Over the whole period, bank or similar financial institution account in Sub-Saharan Africa (excluding high income) peaked at 37.8% in 2024 and was at its lowest, 23.3%, in 2011.
Bank or similar financial institution account in Sub-Saharan Africa (excluding high income), year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 23.3% | — |
| 2014 | 28.9% | +23.9% |
| 2017 | 32.8% | +13.6% |
| 2021 | 36.1% | +10.2% |
| 2024 | 37.8% | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 28.3% | 23.3% | 32.8% | 3 |
| 2020s | 37.0% | 36.1% | 37.8% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More reference data data for Sub-Saharan Africa (excluding high income)
- School age population, one year before than official primary entry 15.80 million number (2019)
- School life expectancy, primary, both sexes 6.17 years (2019)
- School age population, one year before than official primary entry 16.21 million number (2019)
- School age population, one year before than official primary entry 32.02 million number (2019)
- School life expectancy, primary, male 6.33 years (2019)
- School life expectancy, primary, female 6.02 years (2019)
- Share of all students in secondary education enrolled in general 94.2% (2018)
- School life expectancy, pre-primary, both sexes 0.7795 years (2019)
- Gross enrolment ratio for tertiary education, adjusted gender parity 0.7648 GPIA (2018)
- Teachers in primary education, male 2.57 million number (2019)
Frequently asked questions
- What is bank or similar financial institution account in Sub-Saharan Africa (excluding high income)?
- Bank or similar financial institution account in Sub-Saharan Africa (excluding high income) was 37.8% in 2024, according to Global Findex Database.
- What is the highest bank or similar financial institution account recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 37.8% in 2024.
- What is the lowest bank or similar financial institution account recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 23.3% in 2011.
- How does Sub-Saharan Africa (excluding high income) rank for bank or similar financial institution account?
- Sub-Saharan Africa (excluding high income) ranks 11th out of 12 groups with data for 2024.
- Is bank or similar financial institution account rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 31.0%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) 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+)