Account ownership at a financial institution or with a in Armenia
Armenia: Account ownership at a financial institution or with a was 71.4% in 2024. ◆ Volatile
Account ownership at a financial institution or with a in Armenia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Armenia is 71.4%, measured in 2024. That is the highest value across all 5 years on record.
The figure is up 29.0% on the previous year and up 303.9% over ten years.
Over the whole period, account ownership at a financial institution or with a in Armenia peaked at 71.4% in 2024 and was at its lowest, 17.5%, in 2011.
Armenia ranks 65th of 117 countries on this measure, in the middle of the range.
Account ownership at a financial institution or with a in Armenia, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 17.5% | — |
| 2014 | 17.7% | +1.0% |
| 2017 | 47.8% | +170.3% |
| 2021 | 55.3% | +15.9% |
| 2024 | 71.4% | +29.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 27.6% | 17.5% | 47.8% | 3 |
| 2020s | 63.4% | 55.3% | 71.4% | 2 |
Countries ranked near Armenia
More financial sector data for Armenia
- 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 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.0665 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 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.0486 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 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.0665 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 Armenia?
- Account ownership at a financial institution or with a in Armenia was 71.4% 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 Armenia?
- The highest recorded value was 71.4% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Armenia?
- The lowest recorded value was 17.5% in 2011.
- How does Armenia rank for account ownership at a financial institution or with a?
- Armenia ranks 65th out of 117 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Armenia?
- Over the last ten years it is up 303.9%. The long-run trend across the full record is volatile.
- Where does this Armenia 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 (% 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 (% age 15+).