Saved at a financial institution or using a mobile money account in Malawi

Malawi: Saved at a financial institution or using a mobile money account was 30.9% in 2024. ◆ Volatile

Latest (2024)
30.9%
Change on year
up 45.2%
World rank
30th
of 82 countries
All-time high
30.9%
in 2024
All-time low
7.1%
in 2014
Years of data
5
2011–2024

Saved at a financial institution or using a mobile money account in Malawi, 2011–2024

510152025302011201720242011: 8.2 % age 15+2014: 7.1 % age 15+2017: 8.7 % age 15+2021: 21.3 % age 15+2024: 30.9 % age 15+

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

Analysis

Malawi recorded 30.9% for saved at a financial institution or using a mobile money account in 2024. That is the highest value across all 5 years on record.

That represents a change of up 45.2% on the previous year and up 337.7% over ten years.

Over the whole period, saved at a financial institution or using a mobile money account in Malawi peaked at 30.9% in 2024 and was at its lowest, 7.1%, in 2014.

Malawi ranks 30th of 82 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 8.0% 7.1% 8.7% 3
2020s 26.1% 21.3% 30.9% 2

Countries ranked near Malawi

  1. 27 Mauritius 31.9% compare
  2. 28 Peru 31.4% compare
  3. 29 Cameroon 31.2% compare
  4. 31 Mali 30.2% compare
  5. 32 Dominican Republic 29.2% compare
  6. 33 Iran 29.0% compare

See the full ranking of 92 places →

More reference data data for Malawi

All data for Malawi →

Frequently asked questions

What is saved at a financial institution or using a mobile money account in Malawi?
Saved at a financial institution or using a mobile money account in Malawi was 30.9% in 2024, according to Global Findex Database.
What is the highest saved at a financial institution or using a mobile money account recorded in Malawi?
The highest recorded value was 30.9% in 2024.
What is the lowest saved at a financial institution or using a mobile money account recorded in Malawi?
The lowest recorded value was 7.1% in 2014.
How does Malawi rank for saved at a financial institution or using a mobile money account?
Malawi ranks 30th out of 82 countries with data for 2024.
Is saved at a financial institution or using a mobile money account rising or falling in Malawi?
Over the last ten years it is up 337.7%. The long-run trend across the full record is volatile.
Where does this Malawi data come from?
The figures come from Global Findex Database, published as part of Saved at a financial institution or using a mobile money account (% age 15+). Statizoid updates them automatically from the source API.

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Saved at a financial institution or using a mobile money account in Malawi. Statizoid, drawing on Global Findex Database. Retrieved 21 August 2026, from https://reference.statizoid.com/stat/saved-at-a-financial-institution-or-using-a-mobile-money-account-percent-age-15/malawi/

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About this data

Indicator
Saved at a financial institution or using a mobile money account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
92 places, 460 data points, 2011–2024
Last refreshed

The percentage of respondents who report saving or setting aside any money at a bank or similar financial institution or using a mobile money account to save in the past year, (% age 15+)