The data reveals that developed nations such as Canada, Germany, and Sweden boast full account ownership, showcasing extensive financial inclusion. Meanwhile, countries like Nigeria and Malawi display lower ownership, indicating continued challenges in financial accessibility. Despite minimal changes in year-on-year values, the steady trend over the past five years suggests significant progress in certain regions.
Future trends to monitor include the impact of technological advancements like fintech and mobile banking on boosting financial inclusion, particularly in the developing world. Additionally, policy changes and economic shifts could influence these trends, offering opportunities for improved access and participation in the financial system.
Top countries in Account Ownership at a Financial Institution or with a Mobile Money Service Provider by Country
# | 10 Countries | Percent of Persons Aged 15-24 | Last Year | |
---|---|---|---|---|
1 | 1 Canada | 100 | 2021 | View data |
2 | 2 Germany | 100 | 2021 | View data |
3 | 3 Sweden | 100 | 2021 | View data |
4 | 4 Switzerland | 100 | 2021 | View data |
5 | 5 Australia | 100 | 2021 | View data |
6 | 6 Estonia | 100 | 2021 | View data |
7 | 7 United Kingdom | 100 | 2021 | View data |
8 | 8 Austria | 100 | 2021 | View data |
9 | 9 Slovenia | 100 | 2021 | View data |
10 | 10 Ireland | 100 | 2021 | View data |
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