Depositors with commercial banks in Sub-Saharan Africa
Sub-Saharan Africa: Depositors with commercial banks was 457.24 per 1,000 adults in 2024. ◆ Volatile
Depositors with commercial banks in Sub-Saharan Africa, 2006–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for depositors with commercial banks in Sub-Saharan Africa is 457.24 per 1,000 adults, measured in 2024. That is the highest value across all 19 years on record.
The figure is 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 peaked at 457.24 per 1,000 adults in 2024 and was at its lowest, 63.13 per 1,000 adults, in 2006.
Sub-Saharan Africa ranks 24th of 35 groups on this measure, 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, 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
More financial sector data for Sub-Saharan Africa
- Reserve position in the IMF, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.75 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0.1205 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 1.28 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.14 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.001 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.75 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0.1205 % change on previous year (2025)
Frequently asked questions
- What is depositors with commercial banks in Sub-Saharan Africa?
- Depositors with commercial banks in Sub-Saharan Africa 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?
- 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?
- The lowest recorded value was 63.13 per 1,000 adults in 2006.
- How does Sub-Saharan Africa rank for depositors with commercial banks?
- Sub-Saharan Africa ranks 24th out of 35 groups with data for 2024.
- Is depositors with commercial banks rising or falling in Sub-Saharan Africa?
- 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 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.