Account ownership at a financial institution … primary in Russia

Russia: Account ownership at a financial institution … primary was 62.8% in 2024. ▲ Rising

Latest (2024)
62.8%
Change on year
down 23.7%
World rank
53rd
of 105 countries
All-time high
82.3%
in 2021
All-time low
24.2%
in 2011
Years of data
5
2011–2024

Account ownership at a financial institution or with a in Russia, 2011–2024

204060802011201720242011: 24.2 % of population ages 15+2014: 35 % of population ages 15+2017: 56.4 % of population ages 15+2021: 82.3 % of population ages 15+2024: 62.8 % of population ages 15+

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 Russia stood at 62.8%.

That represents a change of down 23.7% on the previous year and up 79.3% over ten years.

Over the whole period, account ownership at a financial institution or with a in Russia peaked at 82.3% in 2021 and was at its lowest, 24.2%, in 2011.

That places Russia 53rd out of 105 countries with data for 2024, putting it in the middle of the range.

Account ownership at a financial institution … primary in Russia, year by year

Annual values for Account ownership at a financial institution or with a mobile-money-service provider, primary education or less (% of population ages 15+) in Russia, 2011 to 2024.
Year % of population ages 15+ Change
2011 24.2% —
2014 35.0% +44.7%
2017 56.4% +61.0%
2021 82.3% +46.0%
2024 62.8% -23.7%

Russia compared with similar countries

  • Russia's 62.8% is below the median for high income countries, which is 87.7%, 72% of the median. (42 countries reporting)
  • Russia's 62.8% is below the median for Europe & Central Asia, which is 74.7%, 84% of the median. (40 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 38.5% 24.2% 56.4% 3
2020s 72.5% 62.8% 82.3% 2

Countries ranked near Russia

  1. 50 Uganda 64.8% compare
  2. 51 South Africa 63.7% compare
  3. 52 Argentina 62.9% compare
  4. 54 Zambia 62.0% compare
  5. 55 Uruguay 60.5% compare
  6. 56 Serbia 60.3% compare

See the full ranking of 117 places →

More financial sector data for Russia

All data for Russia →

Frequently asked questions

What is account ownership at a financial institution or with a in Russia?
Account ownership at a financial institution or with a in Russia was 62.8% 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 Russia?
The highest recorded value was 82.3% in 2021.
What is the lowest account ownership at a financial institution or with a recorded in Russia?
The lowest recorded value was 24.2% in 2011.
How does Russia rank for account ownership at a financial institution or with a?
Russia ranks 53rd out of 105 countries with data for 2024.
Is account ownership at a financial institution or with a rising or falling in Russia?
Over the last ten years it is up 79.3%. The long-run trend across the full record is rising.
Where does this Russia 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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Account ownership at a financial institution or with a in Russia. Statizoid, drawing on Global Findex Database, World Bank (WB). Retrieved 10 November 2026, from https://financial-sector.statizoid.com/stat/account-ownership-at-a-financial-institution-or-with-a-mobile-money-service-provider-5/russian-federation/

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About this data

Indicator
Account ownership at a financial institution or with a mobile-money-service provider, primary education or less (% of population ages 15+)
Unit
% of population ages 15+
Source
Global Findex Database, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
117 places, 585 data points, 2011–2024
Last refreshed

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+).