Bank or similar financial institution account, young in South Africa

South Africa: Bank or similar financial institution account, young was 62.7% in 2024. ▲ Rising

Latest (2024)
62.7%
Change on year
down 19.7%
World rank
55th
of 106 countries
All-time high
78.1%
in 2021
All-time low
40.8%
in 2011
Years of data
5
2011–2024

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

0204060802011201720242011: 40.8 % ages 15-242014: 51 % ages 15-242017: 61 % ages 15-242021: 78.1 % ages 15-242024: 62.7 % ages 15-24

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

Analysis

The most recent figure for bank or similar financial institution account, young in South Africa is 62.7%, measured in 2024.

The figure is down 19.7% on the previous year and up 23.1% over ten years.

Over the whole period, bank or similar financial institution account, young in South Africa peaked at 78.1% in 2021 and was at its lowest, 40.8%, in 2011.

South Africa ranks 55th of 106 countries on this measure, in the middle of the range.

Bank or similar financial institution account, young in South Africa, year by year

Annual values for Bank or similar financial institution account, young (% ages 15-24) in South Africa, 2011 to 2024.
Year % ages 15-24 Change
2011 40.8%
2014 51.0% +25.1%
2017 61.0% +19.7%
2021 78.1% +28.0%
2024 62.7% -19.7%

Averages by decade

DecadeAverage LowestHighest Years
2010s 50.9% 40.8% 61.0% 3
2020s 70.4% 62.7% 78.1% 2

Countries ranked near South Africa

  1. 52 Saudi Arabia 64.9% compare
  2. 53 Argentina 63.8% compare
  3. 54 Kazakhstan 63.8% compare
  4. 56 Uruguay 62.4% compare
  5. 57 Armenia 60.9% compare
  6. 58 Ecuador 60.4% compare

See the full ranking of 118 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is bank or similar financial institution account, young in South Africa?
Bank or similar financial institution account, young in South Africa was 62.7% in 2024, according to the World Bank.
What is the highest bank or similar financial institution account, young recorded in South Africa?
The highest recorded value was 78.1% in 2021.
What is the lowest bank or similar financial institution account, young recorded in South Africa?
The lowest recorded value was 40.8% in 2011.
How does South Africa rank for bank or similar financial institution account, young?
South Africa ranks 55th out of 106 countries with data for 2024.
Is bank or similar financial institution account, young rising or falling in South Africa?
Over the last ten years it is up 23.1%. 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, young (% ages 15-24). Statizoid updates them automatically from the source API.

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Bank or similar financial institution account, young in South Africa. Statizoid. Retrieved 10 September 2026, from https://reference.statizoid.com/stat/bank-or-similar-financial-institution-account-young-percent-ages-15-24/south-africa/

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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