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Australia Banking Industry Outlook 2022 - 2026

See how Australia Banking performed compared to key markets such as China, Japan and the United States.

Key Market Indicators

The number of bank accounts in Australia is set to reach 27.5 billion by 2026, up from 23.3 billion in 2021. This equates to an annual growth rate of 2.6%. Since 2012, demand for accounts in Australia has increased by 5.2% each year. In 2021, Australia ranked 13th in the world for the total number of bank accounts. Saudi Arabia overtook the country with 23.3 billion. Japan, the United States and Switzerland came in second, third and fourth, respectively.

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