South Korea vs Latvia: Account ownership at a financial institution … poorest
South Korea
94.2%
in 2024
Latvia
91.6%
in 2024
South Korea rank
21st
Latvia rank
24th
Account ownership at a financial institution … poorest over time
- South Korea
- Latvia
How they compare
South Korea currently reports 94.2% against 91.6% in Latvia, a difference of 2.6%.
Across all 5 years both countries report, South Korea has been ahead every year.
South Korea ranks 21st and Latvia ranks 24th of 102 countries.
South Korea has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Korea | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 92.3% | 86.5% | 5.7% | South Korea |
| 2020s | 95.5% | 92.8% | 2.7% | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher account ownership at a financial institution or with a, South Korea or Latvia?
- South Korea, at 94.2% against 91.6% in Latvia as of 2024.
- What is the difference in account ownership at a financial institution or with a between South Korea and Latvia?
- 2.6%, with South Korea ahead.
- How many years of comparable data are there for South Korea and Latvia?
- 5 years are reported by both, from 2011 to 2024.
- How do South Korea and Latvia rank globally for account ownership at a financial institution or with a?
- South Korea ranks 21st and Latvia ranks 24th of 102 countries.
- Where does this data come from?
- Global Findex Database, World Bank (WB), published as Account ownership at a financial institution or with a mobile-money-service provider, poorest 40% (% of population ages 15+). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (poorest 40%, share of population ages 15+).