Number of Depositors, Commercial Banks, of Which: Household Sector in Malawi
Malawi: Number of Depositors, Commercial Banks, of Which: Household Sector was 1.72 million in 2024. ▲ Rising
Number of Depositors, Commercial Banks, of Which: Household Sector in Malawi, 2007–2024
Source: International Monetary Fund.
Analysis
Malawi recorded 1.72 million for number of depositors, commercial banks, of which: household sector in 2024.
The figure is up 41.0% on the previous year and up 62.2% over ten years.
Over the whole period, number of depositors, commercial banks, of which: household sector in Malawi peaked at 1.75 million in 2022 and was at its lowest, 775,302, in 2007.
Malawi ranks 48th of 72 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 12 years of available data.
Number of Depositors, Commercial Banks, of Which: Household Sector in Malawi, year by year
| Year | Value | Change |
|---|---|---|
| 2007 | 775,302 | — |
| 2009 | 1.12 million | +44.0% |
| 2010 | 916,689 | -17.9% |
| 2016 | 1.06 million | +15.3% |
| 2017 | 1.15 million | +9.0% |
| 2018 | 1.37 million | +18.6% |
| 2019 | 1.43 million | +4.7% |
| 2020 | 1.38 million | -3.5% |
| 2021 | 1.44 million | +4.5% |
| 2022 | 1.75 million | +21.5% |
| 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 830,100, 2.1× the median. (11 countries reporting)
- Malawi's 1.72 million is above the median for Sub-Saharan Africa, which is 970,883, 1.8× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 945,836 | 775,302 | 1.12 million | 2 |
| 2010s | 1.18 million | 916,689 | 1.43 million | 5 |
| 2020s | 1.50 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 depositors, commercial banks, of which: household sector in Malawi?
- Number of depositors, commercial banks, of which: household sector in Malawi was 1.72 million in 2024, according to International Monetary Fund.
- What is the highest number of depositors, commercial banks, of which: household sector recorded in Malawi?
- The highest recorded value was 1.75 million in 2022.
- What is the lowest number of depositors, commercial banks, of which: household sector recorded in Malawi?
- The lowest recorded value was 775,302 in 2007.
- How does Malawi rank for number of depositors, commercial banks, of which: household sector?
- Malawi ranks 48th out of 72 countries with data for 2024.
- Is number of depositors, commercial banks, of which: household sector rising or falling in Malawi?
- Over the last ten years it is up 62.2%. The long-run trend across the full record is rising.
- Where does this Malawi data come from?
- The figures come from International Monetary Fund, published as part of Number of Depositors, Commercial Banks, of Which: Household Sector Depositors. 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.