Formal & Mobile Money Savings Statistics in Cameroon (2026)
According to World Bank Global Findex data, 31.2% of adults in Cameroon saved at a formal financial institution or using a mobile money account in 2024. Up from 23.5% in 2021 to 31.2% in 2024 (+7.8 percentage points). Cameroon ranks #16 of 36 economies in Sub-Saharan Africa on this measure, and #66 of 142 globally.
Key Statistics
- Latest value (2024)
- 31.2% (2024)
- Formal & Mobile Money Savings in Cameroon as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +7.8 pp (2024)
- Up from 23.5% in 2021 to 31.2% in 2024 (+7.8 percentage points).
- Earliest value in this dataset (2011)
- 9.9% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 9.9% in 2011 to 31.2% in 2024.
- Record high (2024)
- 31.2% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Cameroon.
- Rank in Sub-Saharan Africa
- #16 of 36 (2024)
- Cameroon ranks 16 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #66 of 142 (2024)
- Cameroon ranks 66 of 142 countries with data globally.
- Sub-Saharan Africa average
- 30.8% (2024)
- Cameroon (31.2%) is above the average of 30.8% across the 36 countries in Sub-Saharan Africa with data.
- Saved at a bank or similar financial institution (% age 15+) (2024)
- 9.2% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Cameroon (2024)
- 46.3% (2024)
- 46.3% of the population in Cameroon used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 29.1 million (2024)
- Cameroon had a population of 29.1 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 31.2% | +7.8 pp |
| 2021 | 23.5% | +12.5 pp |
| 2017 | 10.9% | +3.2 pp |
| 2014 | 7.7% | −2.2 pp |
| 2011 | 9.9% | — |
Frequently asked questions
What share of adults in Cameroon saved at a formal financial institution or using a mobile money account?
31.2% of adults in Cameroon saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
Where does Cameroon rank globally on formal & mobile money savings?
Cameroon ranks 66 of 142 countries with data globally, based on the latest World Bank Global Findex value for each country.
How recent is the formal & mobile money savings data for Cameroon?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Cameroon.
Where does the formal & mobile money savings data for Cameroon come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Cameroon is from 2024; the snapshot was retrieved on 2026-06-10.
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 .