Bank or similar financial institution account, young in Australia

Australia: Bank or similar financial institution account, young was 98.7% in 2024. ▬ Flat

Latest (2024)
98.7%
Change on year
down 1.3%
World rank
9th
of 106 countries
All-time high
100.0%
in 2017
All-time low
94.8%
in 2014
Years of data
5
2011–2024

Bank or similar financial institution account, young in Australia, 2011–2024

0204060801002011201720242011: 98.8 % ages 15-242014: 94.8 % ages 15-242017: 100 % ages 15-242021: 100 % ages 15-242024: 98.7 % ages 15-24

Source: World Bank. Measured in % ages 15-24.

Analysis

Australia recorded 98.7% for bank or similar financial institution account, young in 2024.

That represents a change of down 1.3% on the previous year and up 4.2% over ten years.

Over the whole period, bank or similar financial institution account, young in Australia peaked at 100.0% in 2017 and was at its lowest, 94.8%, in 2014.

Australia ranks 9th of 106 countries on this measure, in the top 10%.

Bank or similar financial institution account, young in Australia, year by year

Annual values for Bank or similar financial institution account, young (% ages 15-24) in Australia, 2011 to 2024.
Year % ages 15-24 Change
2011 98.8%
2014 94.8% -4.0%
2017 100.0% +5.5%
2021 100.0% +0.0%
2024 98.7% -1.3%

Averages by decade

DecadeAverage LowestHighest Years
2010s 97.8% 94.8% 100.0% 3
2020s 99.4% 98.7% 100.0% 2

Countries ranked near Australia

  1. 10 Finland 98.6% compare
  2. 11 Slovenia 98.6% compare
  3. 12 Ireland 98.5% compare

See the full ranking of 118 places →

More reference data data for Australia

All data for Australia →

Frequently asked questions

What is bank or similar financial institution account, young in Australia?
Bank or similar financial institution account, young in Australia was 98.7% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, young recorded in Australia?
The highest recorded value was 100.0% in 2017.
What is the lowest bank or similar financial institution account, young recorded in Australia?
The lowest recorded value was 94.8% in 2014.
How does Australia rank for bank or similar financial institution account, young?
Australia ranks 9th out of 106 countries with data for 2024.
Is bank or similar financial institution account, young rising or falling in Australia?
Over the last ten years it is up 4.2%. The long-run trend across the full record is flat.
Where does this Australia data come from?
The figures come from the World Bank, published as part of Bank or similar financial institution account, young (% ages 15-24). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, young in Australia. Statizoid. Retrieved 03 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/australia/

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About this data

Indicator
Bank or similar financial institution account, young (% ages 15-24)
Unit
% ages 15-24
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
118 places, 590 data points, 2011–2024
Last refreshed