Account ownership at a financial institution or with a in Australia
Australia: Account ownership at a financial institution or with a was 97.9% in 2024. ▬ Flat
Account ownership at a financial institution or with a in Australia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 25+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Australia is 97.9%, measured in 2024. That is the lowest value across all 5 years on record.
The figure is down 1.3% on the previous year and down 1.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in Australia peaked at 99.6% in 2014 and was at its lowest, 97.9%, in 2024.
That places Australia 20th out of 106 countries with data for 2024, putting it in the top quarter.
Account ownership at a financial institution or with a in Australia, year by year
| Year | % of population ages 25+ | Change |
|---|---|---|
| 2011 | 99.1% | — |
| 2014 | 99.6% | +0.5% |
| 2017 | 99.4% | -0.2% |
| 2021 | 99.2% | -0.2% |
| 2024 | 97.9% | -1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 99.4% | 99.1% | 99.6% | 3 |
| 2020s | 98.6% | 97.9% | 99.2% | 2 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Australia?
- Account ownership at a financial institution or with a in Australia was 97.9% 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 Australia?
- The highest recorded value was 99.6% in 2014.
- What is the lowest account ownership at a financial institution or with a recorded in Australia?
- The lowest recorded value was 97.9% in 2024.
- How does Australia rank for account ownership at a financial institution or with a?
- Australia ranks 20th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Australia?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is flat.
- Where does this Australia 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, older adults (% of population ages 25+). Statizoid updates them automatically from the source API.
Download this data
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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 (older adults, % of population ages 25+).