Malawi: Percent people with bank accounts

* indicates monthly or quarterly data series
 Malawi

People with bank accounts, percent of the population over 14 years of age

 Latest value 20.22
 Year 2021
 Measure percent
 Data availability 2011 - 2021
 Average 18.97
 Min - Max 16.14 - 22.99
 Source The World Bank
For that indicator, we provide data for Malawi from 2011 to 2021. The average value for Malawi during that period was 18.97 percent with a minimum of 16.14 percent in 2014 and a maximum of 22.99 percent in 2017. The latest value from 2021 is 20.22 percent. For comparison, the world average in 2021 based on 121 countries is 65.76 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Malawi - Percent people with bank accounts  - Recent values chart




Definition: The percentage of respondents with an account (self or together with someone else) at a bank, credit union, another financial institution (e.g., cooperative, microfinance institution), or the post office (if applicable) including respondents who reported having a debit card (% age 15+).


 Related indicators Latest value Reference Measure
 ATMs per 100,000 adults 4.41 2021 ATMs per 100,000 adults
 Bank accounts per 1000 adults 169.67 2019 bank accounts
 Bank branches per 100,000 people 2.27 2019 bank branches
 Firms using credit to finance investment 30.30 2014 percent
 Small firms with bank credit 21.30 2014 percent
 Percent people with credit cards 0.97 2021 percent
 Percent people with debit cards 7.88 2021 percent
 Domestic credit to the private sector 10.47 2016 percent
 Bank credit to the private sector 7.91 2022 percent
 Liquid liabilities, percent of GDP 16.16 2016 percent
 Bank assets to GDP 9.88 2016 percent
 Financial system deposits, percent of GDP 13.53 2016 percent
 Bank credit to government 3.60 2016 percent
 Banking system concentration 100.00 2021 percent
 Foreign bank assets 34.00 2013 percent of total bank assets
 Percent people with bank accounts 20.22 2021 percent
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