Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Account ownership at a financial institution or with a was 58.2% in 2024. ▲ Rising
Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income), 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 Sub-Saharan Africa (excluding high income) is 58.2%, measured in 2024. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 18.1% on the previous year and up 70.2% over ten years.
Over the whole period, account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income) peaked at 58.2% in 2024 and was at its lowest, 23.3%, in 2011.
Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income), year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 23.3% | — |
| 2014 | 34.2% | +46.6% |
| 2017 | 42.5% | +24.2% |
| 2021 | 49.3% | +16.1% |
| 2024 | 58.2% | +18.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 33.3% | 23.3% | 42.5% | 3 |
| 2020s | 53.7% | 49.3% | 58.2% | 2 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More financial sector data for Sub-Saharan Africa (excluding high income)
- Net migration -225,499 (2025)
- Domestic credit to private sector by banks 24.7% (2023)
- Total reserves in months of imports 6.46 (2025)
- Monetary Sector credit to private sector 22.9% (2022)
- Broad money 38.6% (2023)
- Claims on central government, etc. 12.2% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 20.02 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Domestic credit to private sector 29.4% (2022)
Frequently asked questions
- What is account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income)?
- Account ownership at a financial institution or with a in Sub-Saharan Africa (excluding high income) was 58.2% 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 Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 58.2% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 23.3% in 2011.
- How does Sub-Saharan Africa (excluding high income) rank for account ownership at a financial institution or with a?
- Sub-Saharan Africa (excluding high income) ranks 10th out of 12 groups with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 70.2%. The long-run trend across the full record is rising.
- Where does this Sub-Saharan Africa (excluding high income) 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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CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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+).