Share of people (15+) who report having an account at a bank (by) in Malawi
Malawi: Share of people (15+) who report having an account at a bank (by) was 46.28 % in 2024. ▲ Rising
Share of people (15+) who report having an account at a bank (by) in Malawi, 2011–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
Malawi recorded 46.28 % for share of people (15+) who report having an account at a bank (by) in 2024. That is the highest value across all 5 years on record.
That represents a change of up 21.3% on the previous year and up 231.0% over ten years.
Over the whole period, share of people (15+) who report having an account at a bank (by) in Malawi peaked at 46.28 % in 2024 and was at its lowest, 13.98 %, in 2014.
That places Malawi 80th out of 97 countries with data for 2024, putting it in the bottom quarter.
Share of people (15+) who report having an account at a bank (by) in Malawi, year by year
| Year | % | Change |
|---|---|---|
| 2011 | 16.88 % | — |
| 2014 | 13.98 % | -17.2% |
| 2017 | 29.85 % | +113.5% |
| 2021 | 38.14 % | +27.8% |
| 2024 | 46.28 % | +21.3% |
Malawi compared with similar countries
- Malawi's 46.28 % is below the median for Sub-Saharan Africa, which is 52.56 %, 88% of the median. (18 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 20.24 % | 13.98 % | 29.85 % | 3 |
| 2020s | 42.21 % | 38.14 % | 46.28 % | 2 |
Countries ranked near Malawi
More economy & growth data for Malawi
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.07 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 56.42 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.005 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 2.61 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 257.97 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 20.57 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0228 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 11.91 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate -29.8 % change on previous year (2020)
Frequently asked questions
- What is share of people (15+) who report having an account at a bank (by) in Malawi?
- Share of people (15+) who report having an account at a bank (by) in Malawi was 46.28 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest share of people (15+) who report having an account at a bank (by) recorded in Malawi?
- The highest recorded value was 46.28 % in 2024.
- What is the lowest share of people (15+) who report having an account at a bank (by) recorded in Malawi?
- The lowest recorded value was 13.98 % in 2014.
- How does Malawi rank for share of people (15+) who report having an account at a bank (by)?
- Malawi ranks 80th out of 97 countries with data for 2024.
- Is share of people (15+) who report having an account at a bank (by) rising or falling in Malawi?
- Over the last ten years it is up 231.0%. The long-run trend across the full record is rising.
- Where does this Malawi data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Share of people (15+) who report having an account at a bank (by themselves or with someone else) — Value — Female — All age ranges or no breakdown by age — National. Statizoid updates them automatically from the source API.
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About this data
The Suite of Gender Indicators presents a set of indicators relevant to agrifood systems that are disaggregated by sex, with the aim of highlighting gender differences across agrifood systems. The initial set of indicators is based on those used in FAO’s 2023 Status of Women in Agrifood Systems (SWAFS) report and on the recommendations of an expert consultation held in December 2023, and covers key dimensions including economic participation, governance, agency, social norms, assets and services, education, health, and nutrition. Indicator selection was informed by expert judgment and by the availability of data with sufficient geographic and temporal coverage to enable meaningful comparisons across regions and over time. While most indicators are produced and published by FAO and other international organizations, the objective of this domain is to provide a one-stop shop for sex-disaggregated data on agrifood systems.