Account ownership at a financial institution or with a in Ecuador
Ecuador: Account ownership at a financial institution or with a was 50.1% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Ecuador, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
In 2024, account ownership at a financial institution or with a in Ecuador stood at 50.1%.
That represents a change of down 16.8% on the previous year and up 67.7% over ten years.
Over the whole period, account ownership at a financial institution or with a in Ecuador peaked at 60.2% in 2021 and was at its lowest, 23.4%, in 2011.
Ecuador ranks 71st of 105 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Ecuador, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 23.4% | — |
| 2014 | 29.9% | +27.8% |
| 2017 | 40.7% | +36.1% |
| 2021 | 60.2% | +48.1% |
| 2024 | 50.1% | -16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 31.3% | 23.4% | 40.7% | 3 |
| 2020s | 55.2% | 50.1% | 60.2% | 2 |
Countries ranked near Ecuador
More financial sector data for Ecuador
- 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 0.0003 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 2.14 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 1.56 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 0.0003 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 2.14 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 Ecuador?
- Account ownership at a financial institution or with a in Ecuador was 50.1% 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 Ecuador?
- The highest recorded value was 60.2% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Ecuador?
- The lowest recorded value was 23.4% in 2011.
- How does Ecuador rank for account ownership at a financial institution or with a?
- Ecuador ranks 71st out of 105 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Ecuador?
- Over the last ten years it is up 67.7%. The long-run trend across the full record is rising.
- Where does this Ecuador 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.
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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 (primary education or less, % of population ages 15+).