Bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income)

Sub-Saharan Africa (excluding high income): Bank or similar financial institution account, poorest 40% was 29.0% in 2024. ▲ Rising

Latest (2024)
29.0%
Change on year
up 6.3%
Rank
11th
of 12 groups
All-time high
29.0%
in 2024
All-time low
13.0%
in 2011
Years of data
5
2011–2024

Bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income), 2011–2024

01020302011201720242011: 13 % age 15+2014: 18.8 % age 15+2017: 22.8 % age 15+2021: 27.3 % age 15+2024: 29 % age 15+

Source: World Bank. Measured in % age 15+.

Analysis

The most recent figure for bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income) is 29.0%, measured in 2024. That is the highest value across all 5 years on record.

That represents a change of up 6.3% on the previous year and up 54.8% over ten years.

Over the whole period, bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income) peaked at 29.0% in 2024 and was at its lowest, 13.0%, in 2011.

Bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income), year by year

Annual values for Bank or similar financial institution account, poorest 40% (% age 15+) in Sub-Saharan Africa (excluding high income), 2011 to 2024.
Year % age 15+ Change
2011 13.0%
2014 18.8% +44.6%
2017 22.8% +21.6%
2021 27.3% +19.7%
2024 29.0% +6.3%

Averages by decade

DecadeAverage LowestHighest Years
2010s 18.2% 13.0% 22.8% 3
2020s 28.2% 27.3% 29.0% 2

Countries ranked near Sub-Saharan Africa (excluding high income)

  1. 8 Canada 98.6% compare
  2. 9 Germany 98.6% compare
  3. 10 Netherlands 98.3% compare
  4. 11 Slovenia 98.1% compare
  5. 12 Estonia 98.0% compare
  6. 13 Lithuania 97.8% compare
  7. 14 Denmark 97.8% compare

See the full ranking of 114 places →

More reference data data for Sub-Saharan Africa (excluding high income)

All data for Sub-Saharan Africa (excluding high income) →

Frequently asked questions

What is bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income)?
Bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income) was 29.0% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, poorest 40% recorded in Sub-Saharan Africa (excluding high income)?
The highest recorded value was 29.0% in 2024.
What is the lowest bank or similar financial institution account, poorest 40% recorded in Sub-Saharan Africa (excluding high income)?
The lowest recorded value was 13.0% in 2011.
How does Sub-Saharan Africa (excluding high income) rank for bank or similar financial institution account, poorest 40%?
Sub-Saharan Africa (excluding high income) ranks 11th out of 12 groups with data for 2024.
Is bank or similar financial institution account, poorest 40% rising or falling in Sub-Saharan Africa (excluding high income)?
Over the last ten years it is up 54.8%. 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 the World Bank, published as part of Bank or similar financial institution account, poorest 40% (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, poorest 40% in Sub-Saharan Africa (excluding high income). Statizoid. Retrieved 17 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-poorest-40-percent-percent-age-15/sub-saharan-africa-excluding-high-income/

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About this data

Indicator
Bank or similar financial institution account, poorest 40% (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
114 places, 570 data points, 2011–2024
Last refreshed