Formal Savings Statistics in Australia (2026)
According to World Bank Global Findex data, 69.2% of adults in Australia saved at a formal financial institution 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 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
- 42.9% (2021)
- Australia (69.2%) is above the average of 42.9% across the 16 countries in East Asia & Pacific with data.
- Among women (2021)
- 69.9% (2021)
- Value for women in Australia, same 2021 World Bank Global Findex data.
- Among men (2021)
- 68.4% (2021)
- Value for men in Australia, same 2021 World Bank Global Findex data.
- Gender gap (women minus men)
- +1.5 pp (2021)
- In 2021, the figure was 69.9% for women and 68.4% for men — 1.5 percentage points higher among women.
- Among the poorest 40% (2021)
- 57.3% (2021)
- Value for adults in the poorest 40% of households in Australia in 2021.
- Poorest-40% gap vs national
- −11.9 pp (2021)
- The poorest 40% (57.3%) are 11.9 percentage points below the national figure (69.2%).
- 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?
69.2% of adults in Australia saved at a formal financial institution in 2021, according to World Bank Global Findex data.
Where does the formal savings data for Australia come from?
The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Australia is from 2021; the snapshot was retrieved on 2026-06-10.
How has formal savings in Australia changed over time?
World Bank Global Findex data show a rise from 61.9% in 2011 to 69.2% in 2021.
Source & methodology
Source: World Bank Global Findex, indicator
fin17a, 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 .