Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Account ownership at a financial institution or with a was 63.4% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income), 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 25+.
Analysis
Sub-Saharan Africa (excluding high income) recorded 63.4% for account ownership at a financial institution or with a in 2024. That is the highest value across all 5 years on record.
The figure is up 21.5% on the previous year and up 64.9% over ten years.
Over the whole period, account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income) peaked at 63.4% in 2024 and was at its lowest, 26.8%, in 2011.
Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income), year by year
| Year | % of population ages 25+ | Change |
|---|---|---|
| 2011 | 26.8% | — |
| 2014 | 38.4% | +43.4% |
| 2017 | 45.2% | +17.7% |
| 2021 | 52.1% | +15.2% |
| 2024 | 63.4% | +21.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 36.8% | 26.8% | 45.2% | 3 |
| 2020s | 57.8% | 52.1% | 63.4% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More financial sector data for Sub-Saharan Africa (excluding high income)
- Net migration -225,499 (2025)
- Domestic credit to private sector by banks 24.7% (2023)
- Total reserves in months of imports 6.46 (2025)
- Monetary Sector credit to private sector 22.9% (2022)
- Broad money 38.6% (2023)
- Claims on central government, etc. 12.2% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 20.02 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 29.4% (2022)
Frequently asked questions
- What is account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income)?
- Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income) was 63.4% 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 Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 63.4% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 26.8% in 2011.
- How does Sub-Saharan Africa (excluding high income) rank for account ownership at a financial institution or with a?
- Sub-Saharan Africa (excluding high income) ranks 10th out of 12 groups with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 64.9%. 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, 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.
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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+).