Account ownership at a financial institution or with a in Australia
Australia: Account ownership at a financial institution or with a was 98.3% in 2024. ▬ Flat
Account ownership at a financial institution or with a in Australia, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
Australia recorded 98.3% for account ownership at a financial institution or with a in 2024. That is the lowest value across all 5 years on record.
The figure is down 0.3% on the previous year and down 0.4% over ten years.
Over the whole period, account ownership at a financial institution or with a in Australia peaked at 99.9% in 2017 and was at its lowest, 98.3%, in 2024.
Australia ranks 15th of 106 countries on this measure, in the top quarter.
Account ownership at a financial institution or with a in Australia, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 99.6% | — |
| 2014 | 98.7% | -0.9% |
| 2017 | 99.9% | +1.2% |
| 2021 | 98.6% | -1.3% |
| 2024 | 98.3% | -0.3% |
Australia compared with similar countries
- Australia's 98.3% is above the median for high income countries, which is 97.0%, 1.0× the median. (42 countries reporting)
- Australia's 98.3% is above the median for East Asia & Pacific, which is 96.6%, 1.0× the median. (13 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 99.4% | 98.7% | 99.9% | 3 |
| 2020s | 98.4% | 98.3% | 98.6% | 2 |
Countries ranked near Australia
More financial sector data for Australia
- Reserve position in the IMF, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 83.74 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 6.56 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0009 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 61.14 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 11.9 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 83.74 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 6.56 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Australia?
- Account ownership at a financial institution or with a in Australia was 98.3% 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 Australia?
- The highest recorded value was 99.9% in 2017.
- What is the lowest account ownership at a financial institution or with a recorded in Australia?
- The lowest recorded value was 98.3% in 2024.
- How does Australia rank for account ownership at a financial institution or with a?
- Australia ranks 15th out of 106 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Australia?
- Over the last ten years it is down 0.4%. The long-run trend across the full record is flat.
- Where does this Australia 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, male (% of population ages 15+). Statizoid updates them automatically from the source API.
Download this data
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 (male, % age 15+).