Account ownership at a financial institution or with a in Malawi
Malawi: Account ownership at a financial institution or with a was 58.6% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Malawi, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
Malawi recorded 58.6% for account ownership at a financial institution or with a in 2024. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 19.2% on the previous year and up 145.0% over ten years.
Over the whole period, account ownership at a financial institution or with a in Malawi peaked at 58.6% in 2024 and was at its lowest, 20.3%, in 2011.
Malawi ranks 88th of 102 countries on this measure, in the bottom quarter.
Account ownership at a financial institution or with a in Malawi, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 20.3% | — |
| 2014 | 23.9% | +17.7% |
| 2017 | 42.0% | +75.8% |
| 2021 | 49.1% | +16.9% |
| 2024 | 58.6% | +19.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 28.7% | 20.3% | 42.0% | 3 |
| 2020s | 53.8% | 49.1% | 58.6% | 2 |
Countries ranked near Malawi
- 85 Philippines 60.7% compare
- 86 Burkina Faso 60.0% compare
- 87 Benin 58.7% compare
- 89 Uzbekistan 58.3% compare
- 90 Zimbabwe 57.0% compare
- 91 Albania 56.7% compare
More financial sector data for Malawi
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1505 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.1099 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1505 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Malawi?
- Account ownership at a financial institution or with a in Malawi was 58.6% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Malawi?
- The highest recorded value was 58.6% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Malawi?
- The lowest recorded value was 20.3% in 2011.
- How does Malawi rank for account ownership at a financial institution or with a?
- Malawi ranks 88th out of 102 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Malawi?
- Over the last ten years it is up 145.0%. The long-run trend across the full record is rising.
- Where does this Malawi data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider, richest 60% (% of population ages 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
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 (richest 60%, share of population ages 15+).