Depositors with commercial banks in Africa Western and Central
Africa Western and Central: Depositors with commercial banks was 266.61 per 1,000 adults in 2024. ▲ Rising
Depositors with commercial banks in Africa Western and Central, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, depositors with commercial banks in Africa Western and Central stood at 266.61 per 1,000 adults. That is the highest value across all 21 years on record.
That represents a change of up 11.8% on the previous year and up 104.6% over ten years.
Over the whole period, depositors with commercial banks in Africa Western and Central peaked at 266.61 per 1,000 adults in 2024 and was at its lowest, 47.91 per 1,000 adults, in 2004.
That places Africa Western and Central 31st out of 35 groups with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 21 years of available data.
Depositors with commercial banks in Africa Western and Central, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 47.91 per 1,000 adults | — |
| 2005 | 56.2 per 1,000 adults | +17.3% |
| 2006 | 58.19 per 1,000 adults | +3.5% |
| 2007 | 63.69 per 1,000 adults | +9.5% |
| 2008 | 79.98 per 1,000 adults | +25.6% |
| 2009 | 89.65 per 1,000 adults | +12.1% |
| 2010 | 103.68 per 1,000 adults | +15.6% |
| 2011 | 116.4 per 1,000 adults | +12.3% |
| 2012 | 125.54 per 1,000 adults | +7.9% |
| 2013 | 135.65 per 1,000 adults | +8.1% |
| 2014 | 130.31 per 1,000 adults | -3.9% |
| 2015 | 139.88 per 1,000 adults | +7.3% |
| 2016 | 155.82 per 1,000 adults | +11.4% |
| 2017 | 172.16 per 1,000 adults | +10.5% |
| 2018 | 183.01 per 1,000 adults | +6.3% |
| 2019 | 192.75 per 1,000 adults | +5.3% |
| 2020 | 188.37 per 1,000 adults | -2.3% |
| 2021 | 218.37 per 1,000 adults | +15.9% |
| 2022 | 245.18 per 1,000 adults | +12.3% |
| 2023 | 238.43 per 1,000 adults | -2.8% |
| 2024 | 266.61 per 1,000 adults | +11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 65.94 per 1,000 adults | 47.91 per 1,000 adults | 89.65 per 1,000 adults | 6 |
| 2010s | 145.52 per 1,000 adults | 103.68 per 1,000 adults | 192.75 per 1,000 adults | 10 |
| 2020s | 231.39 per 1,000 adults | 188.37 per 1,000 adults | 266.61 per 1,000 adults | 5 |
Countries ranked near Africa Western and Central
- 28 United Arab Emirates 1,395 per 1,000 adults compare
- 29 Poland 1,373 per 1,000 adults compare
- 30 Palau 1,369 per 1,000 adults compare
- 31 Uruguay 1,327 per 1,000 adults compare
- 32 Albania 1,299 per 1,000 adults compare
- 33 Cyprus 1,288 per 1,000 adults compare
- 34 Latvia 1,275 per 1,000 adults compare
More financial sector data for Africa Western and Central
- Net migration -338,771 (2025)
- Total reserves in months of imports 7.16 (2025)
- Broad money 28.7% (2023)
- Claims on central government, etc. 10.2% (2022)
- Domestic credit to private sector 12.6% (2022)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, annual growth rate 13.92 % change on previous year (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Monetary Sector credit to private sector 12.6% (2022)
- Net migration, annual growth rate -103.45 % change on previous year (2024)
Frequently asked questions
- What is depositors with commercial banks in Africa Western and Central?
- Depositors with commercial banks in Africa Western and Central was 266.61 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Africa Western and Central?
- The highest recorded value was 266.61 per 1,000 adults in 2024.
- What is the lowest depositors with commercial banks recorded in Africa Western and Central?
- The lowest recorded value was 47.91 per 1,000 adults in 2004.
- How does Africa Western and Central rank for depositors with commercial banks?
- Africa Western and Central ranks 31st out of 35 groups with data for 2024.
- Is depositors with commercial banks rising or falling in Africa Western and Central?
- Over the last ten years it is up 104.6%. The long-run trend across the full record is rising.
- Where does this Africa Western and Central data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.