Number of Deposit Accounts, Commercial Banks, of Which: Household in Malawi
Malawi: Number of Deposit Accounts, Commercial Banks, of Which: Household was 1.72 million in 2024. ▬ Flat
Latest (2024)
1.72 million
Change on year
up 41.0%
World rank
59th
of 94 countries
All-time high
1.97 million
in 2013
All-time low
1.22 million
in 2023
Years of data
12
2011–2024
Number of Deposit Accounts, Commercial Banks, of Which: Household in Malawi, 2011–2024
Source: International Monetary Fund.
Analysis
Malawi recorded 1.72 million for number of deposit accounts, commercial banks, of which: household in 2024.
The figure is up 41.0% on the previous year and down 13.0% over ten years.
Over the whole period, number of deposit accounts, commercial banks, of which: household in Malawi peaked at 1.97 million in 2013 and was at its lowest, 1.22 million, in 2023.
That places Malawi 59th out of 94 countries with data for 2024, putting it in the middle of the range.
Number of Deposit Accounts, Commercial Banks, of Which: Household in Malawi, year by year
| Year | Value | Change |
|---|---|---|
| 2011 | 1.29 million | — |
| 2012 | 1.83 million | +42.0% |
| 2013 | 1.97 million | +7.7% |
| 2016 | 1.23 million | -37.8% |
| 2017 | 1.35 million | +10.4% |
| 2018 | 1.49 million | +9.9% |
| 2019 | 1.54 million | +3.4% |
| 2020 | 1.50 million | -2.5% |
| 2021 | 1.51 million | +0.6% |
| 2022 | 1.75 million | +16.1% |
| 2023 | 1.22 million | -30.5% |
| 2024 | 1.72 million | +41.0% |
Malawi compared with similar countries
- Malawi's 1.72 million is above the median for low income countries, which is 711,898, 2.4× the median. (8 countries reporting)
- Malawi's 1.72 million is above the median for Sub-Saharan Africa, which is 786,037, 2.2× the median. (21 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 1.53 million | 1.23 million | 1.97 million | 7 |
| 2020s | 1.54 million | 1.22 million | 1.75 million | 5 |
Countries ranked near Malawi
More financial sector data for Malawi
- 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 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 0.1505 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 0.0002 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.1099 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 0.0002 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 0.1505 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is number of deposit accounts, commercial banks, of which: household in Malawi?
- Number of deposit accounts, commercial banks, of which: household in Malawi was 1.72 million in 2024, according to International Monetary Fund.
- What is the highest number of deposit accounts, commercial banks, of which: household recorded in Malawi?
- The highest recorded value was 1.97 million in 2013.
- What is the lowest number of deposit accounts, commercial banks, of which: household recorded in Malawi?
- The lowest recorded value was 1.22 million in 2023.
- How does Malawi rank for number of deposit accounts, commercial banks, of which: household?
- Malawi ranks 59th out of 94 countries with data for 2024.
- Is number of deposit accounts, commercial banks, of which: household rising or falling in Malawi?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is flat.
- Where does this Malawi data come from?
- The figures come from International Monetary Fund, published as part of Number of Deposit Accounts, Commercial Banks, of Which: Household Sector Deposit Accounts. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.