Account ownership at a financial institution or with a in Malawi
Malawi: Account ownership at a financial institution or with a was 47.8% in 2024. ◆ Volatile
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 15-24.
Analysis
In 2024, account ownership at a financial institution or with a in Malawi stood at 47.8%. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 37.4% on the previous year and up 295.3% over ten years.
Over the whole period, account ownership at a financial institution or with a in Malawi peaked at 47.8% in 2024 and was at its lowest, 10.3%, in 2011.
That places Malawi 80th out of 106 countries with data for 2024, putting it in the bottom quarter.
Account ownership at a financial institution or with a in Malawi, year by year
| Year | % of population ages 15-24 | Change |
|---|---|---|
| 2011 | 10.3% | — |
| 2014 | 12.1% | +17.7% |
| 2017 | 31.3% | +158.7% |
| 2021 | 34.8% | +11.2% |
| 2024 | 47.8% | +37.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 17.9% | 10.3% | 31.3% | 3 |
| 2020s | 41.3% | 34.8% | 47.8% | 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 47.8% 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 Malawi?
- The highest recorded value was 47.8% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Malawi?
- The lowest recorded value was 10.3% in 2011.
- How does Malawi rank for account ownership at a financial institution or with a?
- Malawi ranks 80th out of 106 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 295.3%. The long-run trend across the full record is volatile.
- 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, young adults (% of population ages 15-24). Statizoid updates them automatically from the source API.
Download this data
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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 (young adults, % of population ages 15-24).