Account ownership at a financial institution or with a in Saudi Arabia
Saudi Arabia: Account ownership at a financial institution or with a was 64.9% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Saudi Arabia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15-24.
Analysis
Saudi Arabia recorded 64.9% for account ownership at a financial institution or with a in 2024.
That represents a change of down 8.0% on the previous year and up 0.6% over ten years.
Over the whole period, account ownership at a financial institution or with a in Saudi Arabia peaked at 70.5% in 2021 and was at its lowest, 26.7%, in 2011.
Saudi Arabia ranks 57th of 106 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Saudi Arabia, year by year
| Year | % of population ages 15-24 | Change |
|---|---|---|
| 2011 | 26.7% | — |
| 2014 | 64.5% | +141.9% |
| 2017 | 54.4% | -15.7% |
| 2021 | 70.5% | +29.6% |
| 2024 | 64.9% | -8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 48.5% | 26.7% | 64.5% | 3 |
| 2020s | 67.7% | 64.9% | 70.5% | 2 |
Countries ranked near Saudi Arabia
More financial sector data for Saudi Arabia
- Reserve position in the IMF, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.38 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.42 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.19 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.5 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.38 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.42 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Saudi Arabia?
- Account ownership at a financial institution or with a in Saudi Arabia was 64.9% 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 Saudi Arabia?
- The highest recorded value was 70.5% in 2021.
- What is the lowest account ownership at a financial institution or with a recorded in Saudi Arabia?
- The lowest recorded value was 26.7% in 2011.
- How does Saudi Arabia rank for account ownership at a financial institution or with a?
- Saudi Arabia ranks 57th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Saudi Arabia?
- Over the last ten years it is up 0.6%. The long-run trend across the full record is rising.
- Where does this Saudi Arabia 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.
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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).