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

Malawi: Bank or similar financial institution account, secondary education or was 22.0% in 2024. ▼ Falling

Latest (2024)
22.0%
Change on year
down 44.6%
World rank
104th
of 105 countries
All-time high
39.7%
in 2021
All-time low
22.0%
in 2024
Years of data
5
2011–2024

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

0102030402011201720242011: 36.3 % age 15+2014: 32.5 % age 15+2017: 39.2 % age 15+2021: 39.7 % age 15+2024: 22 % age 15+

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

Analysis

In 2024, bank or similar financial institution account, secondary education or in Malawi stood at 22.0%. That is the lowest value across all 5 years on record.

That represents a change of down 44.6% on the previous year and down 32.2% over ten years.

Over the whole period, bank or similar financial institution account, secondary education or in Malawi peaked at 39.7% in 2021 and was at its lowest, 22.0%, in 2024.

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

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

Annual values for Bank or similar financial institution account, secondary education or more (% age 15+) in Malawi, 2011 to 2024.
Year % age 15+ Change
2011 36.3%
2014 32.5% -10.6%
2017 39.2% +20.9%
2021 39.7% +1.3%
2024 22.0% -44.6%

Averages by decade

DecadeAverage LowestHighest Years
2010s 36.0% 32.5% 39.2% 3
2020s 30.9% 22.0% 39.7% 2

Countries ranked near Malawi

  1. 101 Cameroon 26.0% compare
  2. 102 Sierra Leone 25.3% compare
  3. 103 Lebanon 24.7% compare
  4. 105 Congo 16.9% 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, secondary education or in Malawi?
Bank or similar financial institution account, secondary education or in Malawi was 22.0% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, secondary education or recorded in Malawi?
The highest recorded value was 39.7% in 2021.
What is the lowest bank or similar financial institution account, secondary education or recorded in Malawi?
The lowest recorded value was 22.0% in 2024.
How does Malawi rank for bank or similar financial institution account, secondary education or?
Malawi ranks 104th out of 105 countries with data for 2024.
Is bank or similar financial institution account, secondary education or rising or falling in Malawi?
Over the last ten years it is down 32.2%. 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, secondary education or more (% age 15+). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, secondary education or in Malawi. Statizoid. Retrieved 04 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-secondary-education-or-more-percent-age-15/malawi/

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About this data

Indicator
Bank or similar financial institution account, secondary education or more (% 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