South Africa Bank Account Ownership Rate 2024: 81.13 %
South Africa's bank account ownership rate in 2024 is 81.13 %, down 5.0% from 2021. It ranks #59 of 139 countries.
Bank account ownership rate indicates financial inclusion levels among adults globally, highlighting economic access.
Source (2024): Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) | Data
Bank Account Ownership Rate over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2024 | 81.13 % | 4.25 % | -4.98% | |
| 2021 | 85.38 % | +16.16 % | +23.35% | |
| 2017 | 69.22 % | 1.1 % | -1.56% | |
| 2014 | 70.32 % | +16.67 % | +31.08% | |
| 2011 | 53.65 % | — | — |
Frequently Asked Questions About South Africa Bank Account Ownership Rate
What is South Africa's bank account ownership rate in 2024?▾
South Africa's bank account ownership rate is 81.13 % in 2024, according to Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) | Data.
Is South Africa's bank account ownership rate increasing or decreasing?▾
South Africa's bank account ownership rate fell by 5.0% from 2021 (85.38 %) to 2024 (81.13 %). Over the past decade (2014–2024) it rose by 15.4%.
How does South Africa rank for bank account ownership rate?▾
In 2024, South Africa has the 59th highest bank account ownership rate out of 139 countries with data.
What was South Africa's bank account ownership rate in 2011?▾
In 2011, South Africa's bank account ownership rate was 53.65 %. By 2024 it rose by 51.2%.
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