Account ownership at a financial institution or with a in Armenia
Armenia: Account ownership at a financial institution or with a was 64.0% 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 64.0%, measured in 2024. That is the highest value across all 5 years on record.
Compared with earlier readings it is up 40.9% on the previous year and up 477.3% over ten years.
Over the whole period, account ownership at a financial institution or with a in Armenia peaked at 64.0% in 2024 and was at its lowest, 11.1%, in 2014.
That places Armenia 61st out of 102 countries with data for 2024, putting it 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 | 15.0% | — |
| 2014 | 11.1% | -26.2% |
| 2017 | 34.4% | +210.3% |
| 2021 | 45.5% | +32.0% |
| 2024 | 64.0% | +40.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.2% | 11.1% | 34.4% | 3 |
| 2020s | 54.7% | 45.5% | 64.0% | 2 |
Countries ranked near Armenia
- 58 Uganda 66.9% compare
- 59 Kosovo 66.7% compare
- 59 Kosovo (UNSCR 1244) 66.7% compare
- 62 Uruguay 62.9% compare
- 63 Costa Rica 62.8% compare
- 64 Uzbekistan 61.7% compare
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 64.0% 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 64.0% in 2024.
- What is the lowest account ownership at a financial institution or with a recorded in Armenia?
- The lowest recorded value was 11.1% in 2014.
- How does Armenia rank for account ownership at a financial institution or with a?
- Armenia ranks 61st out of 102 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 477.3%. 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, poorest 40% (% of population ages 15+). 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 (poorest 40%, share of population ages 15+).