Bank or similar financial institution account, primary education or in Malawi

Malawi: Bank or similar financial institution account, primary education or was 9.3% in 2024. ▼ Falling

Latest (2024)
9.3%
Change on year
down 32.2%
World rank
104th
of 105 countries
All-time high
16.6%
in 2017
All-time low
9.3%
in 2024
Years of data
5
2011–2024

Bank or similar financial institution account, primary education or in Malawi, 2011–2024

0510152011201720242011: 11.9 % age 15+2014: 11.3 % age 15+2017: 16.6 % age 15+2021: 13.7 % age 15+2024: 9.3 % age 15+

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

Analysis

Malawi recorded 9.3% for bank or similar financial institution account, primary education or in 2024. That is the lowest value across all 5 years on record.

Compared with earlier readings it is down 32.2% on the previous year and down 18.2% over ten years.

Over the whole period, bank or similar financial institution account, primary education or in Malawi peaked at 16.6% in 2017 and was at its lowest, 9.3%, in 2024.

Malawi ranks 104th of 105 countries on this measure, in the bottom quarter.

Bank or similar financial institution account, primary education or in Malawi, year by year

Annual values for Bank or similar financial institution account, primary education or less (% age 15+) in Malawi, 2011 to 2024.
Year % age 15+ Change
2011 11.9%
2014 11.3% -4.6%
2017 16.6% +46.1%
2021 13.7% -17.5%
2024 9.3% -32.2%

Averages by decade

DecadeAverage LowestHighest Years
2010s 13.3% 11.3% 16.6% 3
2020s 11.5% 9.3% 13.7% 2

Countries ranked near Malawi

  1. 101 Lebanon 14.9% compare
  2. 102 Nicaragua 12.3% compare
  3. 103 Congo 11.9% compare
  4. 105 Sierra Leone 9.0% compare

See the full ranking of 117 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is bank or similar financial institution account, primary education or in Malawi?
Bank or similar financial institution account, primary education or in Malawi was 9.3% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, primary education or recorded in Malawi?
The highest recorded value was 16.6% in 2017.
What is the lowest bank or similar financial institution account, primary education or recorded in Malawi?
The lowest recorded value was 9.3% in 2024.
How does Malawi rank for bank or similar financial institution account, primary education or?
Malawi ranks 104th out of 105 countries with data for 2024.
Is bank or similar financial institution account, primary education or rising or falling in Malawi?
Over the last ten years it is down 18.2%. The long-run trend across the full record is falling.
Where does this Malawi data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, primary education or less (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, primary education or in Malawi. Statizoid. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-primary-education-or-less-percent-age-15/malawi/

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About this data

Indicator
Bank or similar financial institution account, primary education or less (% age 15+)
Unit
% age 15+
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
117 places, 585 data points, 2011–2024
Last refreshed