Formal & Mobile Money Savings Statistics in Australia (2026)
According to World Bank Global Findex data, 69.2% of adults in Australia saved at a formal financial institution or using a mobile money account in 2021. Up from 62.1% in 2017 to 69.2% in 2021 (+7 percentage points). Australia ranks #2 of 16 economies in East Asia & Pacific on this measure, and #5 of 142 globally.
Key Statistics
- Latest value (2021)
- 69.2% (2021)
- Formal & Mobile Money Savings in Australia as of 2021, the most recent observation in World Bank Global Findex data.
- Change since 2017
- +7 pp (2021)
- Up from 62.1% in 2017 to 69.2% in 2021 (+7 percentage points).
- Earliest value in this dataset (2011)
- 61.9% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 61.9% in 2011 to 69.2% in 2021.
- Record high (2021)
- 69.2% (2021)
- The 2021 value is the highest in the available World Bank Global Findex series for Australia.
- Rank in East Asia & Pacific
- #2 of 16 (2021)
- Australia ranks 2 of 16 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #5 of 142 (2021)
- Australia ranks 5 of 142 countries with data globally.
- East Asia & Pacific average
- 45.4% (2021)
- Australia (69.2%) is above the average of 45.4% across the 16 countries in East Asia & Pacific with data.
- Saved at a bank or similar financial institution (% age 15+) (2021)
- 69.2% (2021)
- Related indicator from World Bank Global Findex.
- Internet use in Australia (2024)
- 96.1% (2024)
- 96.1% of the population in Australia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 27.2 million (2024)
- Australia had a population of 27.2 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2021
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2021 | 69.2% | +7.0 pp |
| 2017 | 62.1% | +0.7 pp |
| 2014 | 61.4% | −0.5 pp |
| 2011 | 61.9% | — |
Frequently asked questions
What share of adults in Australia saved at a formal financial institution or using a mobile money account?
69.2% of adults in Australia saved at a formal financial institution or using a mobile money account in 2021, according to World Bank Global Findex data.
Where does the formal & mobile money savings data for Australia come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Australia is from 2021; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money savings in Australia changed over time?
World Bank Global Findex data show a rise from 61.9% in 2011 to 69.2% in 2021.
How does Australia compare with other countries in East Asia & Pacific?
Australia ranks 2 of 16 countries in East Asia & Pacific with data, with 69.2% versus a regional average of 45.4% (latest values per country).
Source & methodology
Source: World Bank Global Findex, indicator
fin17a.17a1.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .