Account in South Africa

South Africa: Account was 81.1% in 2024. ▲ Rising

Latest (2024)
81.1%
Change on year
down 5.0%
World rank
56th
of 116 countries
All-time high
85.4%
in 2021
All-time low
53.6%
in 2011
Years of data
5
2011–2024

Account in South Africa, 2011–2024

0204060802011201720242011: 53.6 % age 15+2014: 70.3 % age 15+2017: 69.2 % age 15+2021: 85.4 % age 15+2024: 81.1 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

In 2024, account in South Africa stood at 81.1%.

Compared with earlier readings it is down 5.0% on the previous year and up 15.4% over ten years.

Over the whole period, account in South Africa peaked at 85.4% in 2021 and was at its lowest, 53.6%, in 2011.

South Africa ranks 56th of 116 countries on this measure, in the middle of the range.

Averages by decade

DecadeAverage LowestHighest Years
2010s 64.4% 53.6% 70.3% 3
2020s 83.3% 81.1% 85.4% 2

Countries ranked near South Africa

  1. 53 Sri Lanka 81.7% compare
  2. 54 Turkey 81.6% compare
  3. 55 Ghana 81.2% compare
  4. 57 Russia 79.3% compare
  5. 58 Saudi Arabia 78.8% compare
  6. 59 Georgia 78.8% compare

See the full ranking of 129 places →

More reference data data for South Africa

All data for South Africa →

Frequently asked questions

What is account in South Africa?
Account in South Africa was 81.1% in 2024, according to Global Findex Database.
What is the highest account recorded in South Africa?
The highest recorded value was 85.4% in 2021.
What is the lowest account recorded in South Africa?
The lowest recorded value was 53.6% in 2011.
How does South Africa rank for account?
South Africa ranks 56th out of 116 countries with data for 2024.
Is account rising or falling in South Africa?
Over the last ten years it is up 15.4%. The long-run trend across the full record is rising.
Where does this South Africa data come from?
The figures come from Global Findex Database, published as part of Account (% age 15+). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
129 places, 645 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or similar financial institution (see the definition for "bank or similar financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), (% age 15+)