Bank or similar financial institution account, young in Malawi

Malawi: Bank or similar financial institution account, young was 10.7% in 2024. ▲ Rising

Latest (2024)
10.7%
Change on year
down 31.7%
World rank
103rd
of 106 countries
All-time high
21.3%
in 2017
All-time low
10.2%
in 2014
Years of data
5
2011–2024

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

051015202011201720242011: 10.3 % ages 15-242014: 10.2 % ages 15-242017: 21.3 % ages 15-242021: 15.7 % ages 15-242024: 10.7 % ages 15-24

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

Analysis

Malawi recorded 10.7% for bank or similar financial institution account, young in 2024.

That represents a change of down 31.7% on the previous year and up 5.1% over ten years.

Over the whole period, bank or similar financial institution account, young in Malawi peaked at 21.3% in 2017 and was at its lowest, 10.2%, in 2014.

That places Malawi 103rd out of 106 countries with data for 2024, putting it in the bottom quarter.

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

Annual values for Bank or similar financial institution account, young (% ages 15-24) in Malawi, 2011 to 2024.
Year % ages 15-24 Change
2011 10.3%
2014 10.2% -0.7%
2017 21.3% +108.8%
2021 15.7% -26.4%
2024 10.7% -31.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 13.9% 10.2% 21.3% 3
2020s 13.2% 10.7% 15.7% 2

Countries ranked near Malawi

  1. 100 Cameroon 13.4% compare
  2. 101 Benin 12.6% compare
  3. 102 Sierra Leone 11.7% compare
  4. 104 Zimbabwe 9.4% compare
  5. 105 Congo 4.8% compare
  6. 106 Lebanon 4.4% compare

See the full ranking of 118 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is bank or similar financial institution account, young in Malawi?
Bank or similar financial institution account, young in Malawi was 10.7% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, young recorded in Malawi?
The highest recorded value was 21.3% in 2017.
What is the lowest bank or similar financial institution account, young recorded in Malawi?
The lowest recorded value was 10.2% in 2014.
How does Malawi rank for bank or similar financial institution account, young?
Malawi ranks 103rd out of 106 countries with data for 2024.
Is bank or similar financial institution account, young rising or falling in Malawi?
Over the last ten years it is up 5.1%. The long-run trend across the full record is rising.
Where does this Malawi 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.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

Share, cite or embed this page

Cite this page

Bank or similar financial institution account, young in Malawi. Statizoid. Retrieved 02 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/malawi/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/malawi/">Bank or similar financial institution account, young in Malawi</a> — Statizoid

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