Bank or similar financial institution account, primary education or in South Africa

South Africa: Bank or similar financial institution account, primary education or was 61.0% in 2024. ▲ Rising

Latest (2024)
61.0%
Change on year
down 17.9%
World rank
50th
of 105 countries
All-time high
74.3%
in 2021
All-time low
42.6%
in 2011
Years of data
5
2011–2024

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

0204060802011201720242011: 42.6 % age 15+2014: 59.8 % age 15+2017: 61.5 % age 15+2021: 74.3 % age 15+2024: 61 % age 15+

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

Analysis

In 2024, bank or similar financial institution account, primary education or in South Africa stood at 61.0%.

That represents a change of down 17.9% on the previous year and up 2.0% over ten years.

Over the whole period, bank or similar financial institution account, primary education or in South Africa peaked at 74.3% in 2021 and was at its lowest, 42.6%, in 2011.

South Africa ranks 50th of 105 countries on this measure, in the middle of the range.

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

Annual values for Bank or similar financial institution account, primary education or less (% age 15+) in South Africa, 2011 to 2024.
Year % age 15+ Change
2011 42.6%
2014 59.8% +40.6%
2017 61.5% +2.8%
2021 74.3% +20.7%
2024 61.0% -17.9%

Averages by decade

DecadeAverage LowestHighest Years
2010s 54.6% 42.6% 61.5% 3
2020s 67.7% 61.0% 74.3% 2

Countries ranked near South Africa

  1. 47 Chile 66.3% compare
  2. 48 North Macedonia 65.6% compare
  3. 49 Russian Federation 62.8% compare
  4. 51 Uruguay 60.5% compare
  5. 52 Serbia 60.3% compare
  6. 53 Kosovo 59.8% compare
  7. 53 Kosovo (UNSCR 1244) 59.8% compare

See the full ranking of 117 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is bank or similar financial institution account, primary education or in South Africa?
Bank or similar financial institution account, primary education or in South Africa was 61.0% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, primary education or recorded in South Africa?
The highest recorded value was 74.3% in 2021.
What is the lowest bank or similar financial institution account, primary education or recorded in South Africa?
The lowest recorded value was 42.6% in 2011.
How does South Africa rank for bank or similar financial institution account, primary education or?
South Africa ranks 50th out of 105 countries with data for 2024.
Is bank or similar financial institution account, primary education or rising or falling in South Africa?
Over the last ten years it is up 2.0%. The long-run trend across the full record is rising.
Where does this South Africa 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 South Africa. Statizoid. Retrieved 11 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-primary-education-or-less-percent-age-15/south-africa/

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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