Significant Increase in Savings Account Ownership in Developing Economies
40% of Adults in Developing Economies Have a Savings Account by 2024, Up from 24% in 2021
A significant milestone has been reached in the quest for greater financial inclusion, with 40% of adults living in developing economies having made a deposit into a savings account by 2024. This represents a substantial 16-percentage-point increase from the 24% recorded in 2021, marking the fastest growth observed in over a decade.
The Global Findex 2025 report, a global reference on access to financial services (payment, savings, credit), highlights this major trend.
In the Middle East and North Africa region, bank account ownership has risen from 45% to 53% between 2021 and 2024. Meanwhile, 17% of adults now have a savings account, up from 11% in 2021.
This expansion of bank accounts and similar financial services is experiencing marked growth in low- and middle-income countries, accompanied by a notable increase in savings.
These findings are based on a recently published report by the World Bank Group.
