Account ownership at a financial institution or with a in Armenia
Armenia: Account ownership at a financial institution or with a was 57.5% in 2024. ◆ Volatile
Account ownership at a financial institution or with a in Armenia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
Armenia recorded 57.5% 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 28.9% on the previous year and up 837.1% over ten years.
Over the whole period, account ownership at a financial institution or with a in Armenia peaked at 57.5% in 2024 and was at its lowest, 6.1%, in 2014.
Armenia ranks 62nd of 105 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Armenia, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 7.0% | — |
| 2014 | 6.1% | -12.0% |
| 2017 | 50.1% | +716.4% |
| 2021 | 44.6% | -11.0% |
| 2024 | 57.5% | +28.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 21.0% | 6.1% | 50.1% | 3 |
| 2020s | 51.0% | 44.6% | 57.5% | 2 |
Countries ranked near Armenia
- 59 Gabon 58.1% compare
- 60 Kazakhstan 58.1% compare
- 61 Bulgaria 58.1% compare
- 63 Nepal 57.1% compare
- 64 Tanzania, United Republic of 54.2% compare
- 65 Bosnia and Herzegovina 53.8% compare
More financial sector data for Armenia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0665 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0486 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0665 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 Armenia?
- Account ownership at a financial institution or with a in Armenia was 57.5% 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 Armenia?
- The highest recorded value was 57.5% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Armenia?
- The lowest recorded value was 6.1% in 2014.
- How does Armenia rank for account ownership at a financial institution or with a?
- Armenia ranks 62nd out of 105 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Armenia?
- Over the last ten years it is up 837.1%. The long-run trend across the full record is volatile.
- Where does this Armenia 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, primary education or less (% 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 (primary education or less, % of population ages 15+).