Owns a credit card in Malawi

Malawi: Owns a credit card was 0.5% in 2024. ▼ Falling

Latest (2024)
0.5%
Change on year
down 53.1%
World rank
79th
of 115 countries
All-time high
1.5%
in 2014
All-time low
0.5%
in 2024
Years of data
5
2011–2024

Owns a credit card in Malawi, 2011–2024

0.50.7511.21.52011201720242011: 1.4 % age 15+2014: 1.5 % age 15+2017: 1.3 % age 15+2021: 0.966 % age 15+2024: 0.453 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

In 2024, owns a credit card in Malawi stood at 0.5%. That is the lowest value across all 5 years on record.

Compared with earlier readings it is down 53.1% on the previous year and down 70.4% over ten years.

Over the whole period, owns a credit card in Malawi peaked at 1.5% in 2014 and was at its lowest, 0.5%, in 2024.

That places Malawi 79th out of 115 countries with data for 2024, putting it in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 1.4% 1.3% 1.5% 3
2020s 0.7% 0.5% 1.0% 2

Countries ranked near Malawi

  1. 76 Tanzania 0.8% compare
  2. 77 Cambodia 0.8% compare
  3. 78 Niger 0.5% compare
  4. 80 Nepal 0.4% compare
  5. 81 Australia 0.0% compare
  6. 81 Austria 0.0% compare
  7. 81 Belgium 0.0% compare
  8. 81 Canada 0.0% compare
  9. 81 Chile 0.0% compare
  10. 81 Cyprus 0.0% compare
  11. 81 Czechia 0.0% compare
  12. 81 Denmark 0.0% compare
  13. 81 Estonia 0.0% compare
  14. 81 Finland 0.0% compare
  15. 81 France 0.0% compare
  16. 81 Germany 0.0% compare
  17. 81 Greece 0.0% compare
  18. 81 Hong Kong 0.0% compare
  19. 81 Hungary 0.0% compare
  20. 81 Ireland 0.0% compare
  21. 81 Israel 0.0% compare
  22. 81 Italy 0.0% compare
  23. 81 Japan 0.0% compare
  24. 81 South Korea 0.0% compare
  25. 81 Latvia 0.0% compare
  26. 81 Lithuania 0.0% compare
  27. 81 Malta 0.0% compare
  28. 81 Netherlands 0.0% compare
  29. 81 New Zealand 0.0% compare
  30. 81 Portugal 0.0% compare
  31. 81 Russia 0.0% compare
  32. 81 Singapore 0.0% compare
  33. 81 Slovakia 0.0% compare
  34. 81 Slovenia 0.0% compare
  35. 81 Spain 0.0% compare
  36. 81 Sweden 0.0% compare
  37. 81 United Kingdom 0.0% compare
  38. 81 United States 0.0% compare
  39. 81 Uruguay 0.0% compare

See the full ranking of 125 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is owns a credit card in Malawi?
Owns a credit card in Malawi was 0.5% in 2024, according to Global Findex Database.
What is the highest owns a credit card recorded in Malawi?
The highest recorded value was 1.5% in 2014.
What is the lowest owns a credit card recorded in Malawi?
The lowest recorded value was 0.5% in 2024.
How does Malawi rank for owns a credit card?
Malawi ranks 79th out of 115 countries with data for 2024.
Is owns a credit card rising or falling in Malawi?
Over the last ten years it is down 70.4%. The long-run trend across the full record is falling.
Where does this Malawi data come from?
The figures come from Global Findex Database, published as part of Owns a credit card (% age 15+). 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).

About this data

Indicator
Owns a credit card (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
125 places, 625 data points, 2011–2024
Last refreshed

The percentage of respondents who report having a credit card, (% age 15+)