Depositors with commercial banks in Sub-Saharan Africa (excluding high income)
Sub-Saharan Africa (excluding high income): Depositors with commercial banks was 457.24 per 1,000 adults in 2024. ◆ Volatile
Depositors with commercial banks in Sub-Saharan Africa (excluding high income), 2006–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, depositors with commercial banks in Sub-Saharan Africa (excluding high income) stood at 457.24 per 1,000 adults. That is the highest value across all 19 years on record.
That represents a change of up 4.5% on the previous year and up 216.3% over ten years.
Over the whole period, depositors with commercial banks in Sub-Saharan Africa (excluding high income) peaked at 457.24 per 1,000 adults in 2024 and was at its lowest, 63.13 per 1,000 adults, in 2006.
That places Sub-Saharan Africa (excluding high income) 24th out of 35 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Depositors with commercial banks in Sub-Saharan Africa (excluding high income), year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2006 | 63.13 per 1,000 adults | — |
| 2007 | 68.67 per 1,000 adults | +8.8% |
| 2008 | 87.56 per 1,000 adults | +27.5% |
| 2009 | 93.96 per 1,000 adults | +7.3% |
| 2010 | 127.14 per 1,000 adults | +35.3% |
| 2011 | 125.35 per 1,000 adults | -1.4% |
| 2012 | 134.08 per 1,000 adults | +7.0% |
| 2013 | 138.86 per 1,000 adults | +3.6% |
| 2014 | 144.57 per 1,000 adults | +4.1% |
| 2015 | 144.88 per 1,000 adults | +0.2% |
| 2016 | 176.44 per 1,000 adults | +21.8% |
| 2017 | 187.42 per 1,000 adults | +6.2% |
| 2018 | 214.02 per 1,000 adults | +14.2% |
| 2019 | 220.28 per 1,000 adults | +2.9% |
| 2020 | 206.16 per 1,000 adults | -6.4% |
| 2021 | 269.68 per 1,000 adults | +30.8% |
| 2022 | 312.3 per 1,000 adults | +15.8% |
| 2023 | 437.68 per 1,000 adults | +40.1% |
| 2024 | 457.24 per 1,000 adults | +4.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 78.33 per 1,000 adults | 63.13 per 1,000 adults | 93.96 per 1,000 adults | 4 |
| 2010s | 161.3 per 1,000 adults | 125.35 per 1,000 adults | 220.28 per 1,000 adults | 10 |
| 2020s | 336.61 per 1,000 adults | 206.16 per 1,000 adults | 457.24 per 1,000 adults | 5 |
Countries ranked near Sub-Saharan Africa (excluding high income)
More financial sector data for Sub-Saharan Africa (excluding high income)
- Claims on central government, etc. 12.2% (2022)
- Monetary Sector credit to private sector 22.9% (2022)
- Total reserves in months of imports 6.46 (2025)
- Broad money 38.6% (2023)
- Domestic credit to private sector by banks 24.7% (2023)
- Total reserves in months of imports, annual growth rate 20.02 % change on previous year (2025)
- Net migration, annual growth rate 66.97 % change on previous year (2025)
- Total reserves in months of imports, per capita 0 units per person (2025)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2025)
- Net migration -225,499 (2025)
Frequently asked questions
- What is depositors with commercial banks in Sub-Saharan Africa (excluding high income)?
- Depositors with commercial banks in Sub-Saharan Africa (excluding high income) was 457.24 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 Sub-Saharan Africa (excluding high income)?
- The highest recorded value was 457.24 per 1,000 adults in 2024.
- What is the lowest depositors with commercial banks recorded in Sub-Saharan Africa (excluding high income)?
- The lowest recorded value was 63.13 per 1,000 adults in 2006.
- How does Sub-Saharan Africa (excluding high income) rank for depositors with commercial banks?
- Sub-Saharan Africa (excluding high income) ranks 24th out of 35 groups with data for 2024.
- Is depositors with commercial banks rising or falling in Sub-Saharan Africa (excluding high income)?
- Over the last ten years it is up 216.3%. The long-run trend across the full record is volatile.
- Where does this Sub-Saharan Africa (excluding high income) 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.