Bank Account Ownership Rate 2021

Malta

In 2021, Malta achieved a Bank Account Ownership Rate of 96.446811059552 %, ranking #27 out of 122 countries. This rate is notably higher than the global average, reflecting Malta's strong financial infrastructure and regulatory environment.

Key factors contributing to this high ownership rate include Malta's robust banking sector, which is bolstered by its strategic position in the Mediterranean and a growing economy that attracts foreign investment. Additionally, government policies promoting financial inclusion have further enhanced access to banking services for its citizens.

Cameroon

In 2021, Cameroon achieved a Bank Account Ownership Rate of 51.6548130092196 %, ranking #85 out of 122 countries. This rate is below the African average, indicating challenges in financial inclusion compared to regional peers. Contributing factors include limited access to banking infrastructure, particularly in rural areas, and a high percentage of the population engaged in informal economic activities, which often bypass traditional banking systems.

Algeria

In 2021, Algeria had a Bank Account Ownership Rate of 44.0970221449773 %, ranking #103 out of 122 countries. This rate is below the global average, reflecting challenges in financial inclusion compared to other North African nations. Factors such as economic instability, limited access to banking services in rural areas, and a significant informal economy contribute to the low ownership rate of bank accounts among the population.

Myanmar

In 2021, Myanmar had a Bank Account Ownership Rate of 47.7910290706127 %, ranking #94 out of 122 countries. This rate is below the global average, indicating challenges in financial inclusion compared to more developed nations. Economic instability, a largely rural population, and limited access to banking infrastructure have hindered broader account ownership in Myanmar.

Kosovo

In 2021, Kosovo's Bank Account Ownership Rate was 58.0119595822062 %, ranking it #76 out of 122 countries. This rate is lower than the global average, reflecting challenges in financial inclusion compared to many European neighbors. Key drivers of this statistic include Kosovo's developing economy, limited access to banking services in rural areas, and a young population that may lack awareness of financial products.

China, Hong Kong SAR

In 2021, China, Hong Kong SAR achieved a Bank Account Ownership Rate of 97.801244380349 %, ranking #23 out of 122 countries. This rate is significantly higher than the global average, reflecting the region's robust financial infrastructure and accessibility. Factors contributing to this high ownership rate include a well-developed banking sector, widespread digital payment adoption, and government initiatives promoting financial inclusion.

Russia

In 2021, Russia achieved a Bank Account Ownership Rate of 89.7193266222482 %, ranking #41 out of 122 countries. This rate is relatively high compared to the global average, reflecting the country’s significant progress in financial inclusion. Key drivers include the government's efforts to promote digital banking and financial literacy, as well as a large urban population with access to banking services.

Brazil

In 2021, Brazil achieved a Bank Account Ownership Rate of 84.0357458977852 %, ranking #52 out of 122 countries. This rate is notably higher than the global average, reflecting a significant level of financial inclusion compared to some neighboring countries. Key drivers of this statistic include Brazil's extensive financial infrastructure and government initiatives aimed at increasing access to banking services for underserved populations.

Japan

In 2021, Japan achieved a Bank Account Ownership Rate of 98.4894200399726 %, ranking #20 out of 122 countries. This rate is significantly higher than the global average, reflecting Japan's advanced financial infrastructure and high levels of financial literacy among its population. Factors contributing to this high ownership rate include the country's robust economy, widespread access to banking services, and government policies promoting financial inclusion.

United Arab Emirates

The United Arab Emirates achieved a Bank Account Ownership Rate of 85.7421930087712 % in 2021, ranking #48 out of 122 countries. This rate is notably higher than the global average, reflecting the country's robust financial infrastructure and high levels of economic development. Factors contributing to this high ownership rate include a diverse economy driven by oil and tourism, as well as government initiatives promoting financial inclusion and digital banking services.