Saved at a bank or similar financial institution in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Saved at a bank or similar financial institution was 19.7% in 2024. ▲ Rising
Saved at a bank or similar financial institution in Sub-Saharan Africa (excluding high income), 2011–2024
Source: Global Findex Database. Measured in % age 15+.
Analysis
Sub-Saharan Africa (excluding high income) recorded 19.7% for saved at a bank or similar financial institution in 2024. That is the highest value across all 5 years on record.
That represents a change of up 33.3% on the previous year and up 24.1% over ten years.
Over the whole period, saved at a bank or similar financial institution in Sub-Saharan Africa (excluding high income) peaked at 19.7% in 2024 and was at its lowest, 13.9%, in 2011.
Saved at a bank or similar financial institution in Sub-Saharan Africa (excluding high income), year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 13.9% | — |
| 2014 | 15.9% | +14.6% |
| 2017 | 14.9% | -6.2% |
| 2021 | 14.8% | -0.8% |
| 2024 | 19.7% | +33.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 14.9% | 13.9% | 15.9% | 3 |
| 2020s | 17.2% | 14.8% | 19.7% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More reference data data for Sub-Saharan Africa (excluding high income)
- School age population, one year before than official primary entry 32.02 million number (2019)
- School age population, one year before than official primary entry 16.21 million number (2019)
- School age population, one year before than official primary entry 15.80 million number (2019)
- School life expectancy, primary, both sexes 6.17 years (2019)
- School life expectancy, primary, male 6.33 years (2019)
- School life expectancy, primary, female 6.02 years (2019)
- Share of all students in secondary education enrolled in general 94.2% (2018)
- School life expectancy, pre-primary, both sexes 0.7795 years (2019)
- Gross enrolment ratio for tertiary education, adjusted gender parity 0.7648 GPIA (2018)
- Teachers in primary education, male 2.57 million number (2019)
Frequently asked questions
- What is saved at a bank or similar financial institution in Sub-Saharan Africa (excluding high income)?
- Saved at a bank or similar financial institution in Sub-Saharan Africa (excluding high income) was 19.7% in 2024, according to Global Findex Database.
- What is the highest saved at a bank or similar financial institution recorded in Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 19.7% in 2024.
- What is the lowest saved at a bank or similar financial institution recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 13.9% in 2011.
- How does Sub-Saharan Africa (excluding high income) rank for saved at a bank or similar financial institution?
- Sub-Saharan Africa (excluding high income) ranks 8th out of 10 groups with data for 2024.
- Is saved at a bank or similar financial institution rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 24.1%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) data come from?
- The figures come from Global Findex Database, published as part of Saved at a bank or similar financial institution (% age 15+). Statizoid updates them automatically from the source API.
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About this data
The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution in the past year, (% age 15+)