Account ownership at a financial institution or with a in Canada
Canada: Account ownership at a financial institution or with a was 98.6% in 2024. ▬ Flat
Account ownership at a financial institution or with a in Canada, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
In 2024, account ownership at a financial institution or with a in Canada stood at 98.6%.
The figure is down 0.8% on the previous year and up 0.2% over ten years.
Over the whole period, account ownership at a financial institution or with a in Canada peaked at 99.8% in 2017 and was at its lowest, 93.3%, in 2011.
Canada ranks 8th of 102 countries on this measure, in the top 10%.
Account ownership at a financial institution or with a in Canada, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 93.3% | — |
| 2014 | 98.4% | +5.5% |
| 2017 | 99.8% | +1.4% |
| 2021 | 99.4% | -0.4% |
| 2024 | 98.6% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 97.2% | 93.3% | 99.8% | 3 |
| 2020s | 99.0% | 98.6% | 99.4% | 2 |
Countries ranked near Canada
More financial sector data for Canada
- Reserve position in the IMF, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 93.62 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 1.02 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0012 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 68.36 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 6.08 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 93.62 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 1.02 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Canada?
- Account ownership at a financial institution or with a in Canada was 98.6% 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 Canada?
- The highest recorded value was 99.8% in 2017.
- What is the lowest account ownership at a financial institution or with a recorded in Canada?
- The lowest recorded value was 93.3% in 2011.
- How does Canada rank for account ownership at a financial institution or with a?
- Canada ranks 8th out of 102 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Canada?
- Over the last ten years it is up 0.2%. The long-run trend across the full record is flat.
- Where does this Canada 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.
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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+).