Bank or similar financial institution account, richest 60% in Malawi

Malawi: Bank or similar financial institution account, richest 60% was 15.2% in 2024. ▼ Falling

Latest (2024)
15.2%
Change on year
down 36.7%
World rank
102nd
of 102 countries
All-time high
28.6%
in 2017
All-time low
15.2%
in 2024
Years of data
5
2011–2024

Bank or similar financial institution account, richest 60% in Malawi, 2011–2024

01020302011201720242011: 20.3 % age 15+2014: 21.2 % age 15+2017: 28.6 % age 15+2021: 24 % age 15+2024: 15.2 % age 15+

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

Analysis

In 2024, bank or similar financial institution account, richest 60% in Malawi stood at 15.2%. That is the lowest value across all 5 years on record.

That represents a change of down 36.7% on the previous year and down 28.4% over ten years.

Over the whole period, bank or similar financial institution account, richest 60% in Malawi peaked at 28.6% in 2017 and was at its lowest, 15.2%, in 2024.

Malawi ranks 102nd of 102 countries on this measure, in the bottom quarter.

Bank or similar financial institution account, richest 60% in Malawi, year by year

Annual values for Bank or similar financial institution account, richest 60% (% age 15+) in Malawi, 2011 to 2024.
Year % age 15+ Change
2011 20.3%
2014 21.2% +4.5%
2017 28.6% +34.8%
2021 24.0% -16.0%
2024 15.2% -36.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 23.4% 20.3% 28.6% 3
2020s 19.6% 15.2% 24.0% 2

Countries ranked near Malawi

  1. 99 Nicaragua 24.1% compare
  2. 100 Benin 23.5% compare
  3. 101 Congo 19.5% compare

See the full ranking of 114 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is bank or similar financial institution account, richest 60% in Malawi?
Bank or similar financial institution account, richest 60% in Malawi was 15.2% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, richest 60% recorded in Malawi?
The highest recorded value was 28.6% in 2017.
What is the lowest bank or similar financial institution account, richest 60% recorded in Malawi?
The lowest recorded value was 15.2% in 2024.
How does Malawi rank for bank or similar financial institution account, richest 60%?
Malawi ranks 102nd out of 102 countries with data for 2024.
Is bank or similar financial institution account, richest 60% rising or falling in Malawi?
Over the last ten years it is down 28.4%. 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, richest 60% (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, richest 60% in Malawi. Statizoid. Retrieved 08 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-richest-60-percent-percent-age-15/malawi/

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About this data

Indicator
Bank or similar financial institution account, richest 60% (% 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