Bank or similar financial institution account, richest 60% in South Africa

South Africa: Bank or similar financial institution account, richest 60% was 81.9% in 2024. ▲ Rising

Latest (2024)
81.9%
Change on year
down 8.5%
World rank
56th
of 102 countries
All-time high
89.6%
in 2021
All-time low
63.0%
in 2011
Years of data
5
2011–2024

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

0204060802011201720242011: 63 % age 15+2014: 77.9 % age 15+2017: 71.5 % age 15+2021: 89.6 % age 15+2024: 81.9 % age 15+

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

Analysis

South Africa recorded 81.9% for bank or similar financial institution account, richest 60% in 2024.

That represents a change of down 8.5% on the previous year and up 5.1% over ten years.

Over the whole period, bank or similar financial institution account, richest 60% in South Africa peaked at 89.6% in 2021 and was at its lowest, 63.0%, in 2011.

That places South Africa 56th out of 102 countries with data for 2024, putting it in the middle of the range.

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

Annual values for Bank or similar financial institution account, richest 60% (% age 15+) in South Africa, 2011 to 2024.
Year % age 15+ Change
2011 63.0%
2014 77.9% +23.7%
2017 71.5% -8.2%
2021 89.6% +25.2%
2024 81.9% -8.5%

South Africa compared with similar countries

  • South Africa's 81.9% is above the median for upper middle income countries, which is 74.8%, 1.1× the median. (37 countries reporting)
  • South Africa's 81.9% is above the median for Sub-Saharan Africa, which is 29.2%, 2.8× the median. (17 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 70.8% 63.0% 77.9% 3
2020s 85.7% 81.9% 89.6% 2

Countries ranked near South Africa

  1. 53 Bosnia and Herzegovina 82.1% compare
  2. 54 Romania 82.0% compare
  3. 55 Sri Lanka 81.9% compare
  4. 57 Uruguay 81.0% compare
  5. 58 Saudi Arabia 80.6% compare
  6. 59 Argentina 79.5% compare

See the full ranking of 114 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is bank or similar financial institution account, richest 60% in South Africa?
Bank or similar financial institution account, richest 60% in South Africa was 81.9% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, richest 60% recorded in South Africa?
The highest recorded value was 89.6% in 2021.
What is the lowest bank or similar financial institution account, richest 60% recorded in South Africa?
The lowest recorded value was 63.0% in 2011.
How does South Africa rank for bank or similar financial institution account, richest 60%?
South Africa ranks 56th out of 102 countries with data for 2024.
Is bank or similar financial institution account, richest 60% rising or falling in South Africa?
Over the last ten years it is up 5.1%. 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, 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 South Africa. Statizoid. Retrieved 14 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-richest-60-percent-percent-age-15/south-africa/

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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