Account ownership at a financial institution or with a in Malawi
Malawi: Account ownership at a financial institution or with a was 72.1% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Malawi, 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 Malawi stood at 72.1%. That is the highest value across all 5 years on record.
That represents a change of up 2.1% on the previous year and up 93.9% over ten years.
Over the whole period, account ownership at a financial institution or with a in Malawi peaked at 72.1% in 2024 and was at its lowest, 36.3%, in 2011.
Malawi ranks 74th of 105 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Malawi, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 36.3% | — |
| 2014 | 37.2% | +2.4% |
| 2017 | 55.3% | +48.6% |
| 2021 | 70.6% | +27.7% |
| 2024 | 72.1% | +2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 42.9% | 36.3% | 55.3% | 3 |
| 2020s | 71.3% | 70.6% | 72.1% | 2 |
Countries ranked near Malawi
More financial sector data for Malawi
- 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 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1505 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 0.1099 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 0.0002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1505 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 Malawi?
- Account ownership at a financial institution or with a in Malawi was 72.1% 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 Malawi?
- The highest recorded value was 72.1% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Malawi?
- The lowest recorded value was 36.3% in 2011.
- How does Malawi rank for account ownership at a financial institution or with a?
- Malawi ranks 74th out of 105 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Malawi?
- Over the last ten years it is up 93.9%. The long-run trend across the full record is rising.
- Where does this Malawi 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, secondary education or more (% 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 (secondary education or more, % of population ages 15+).