Formal & Mobile Money Savings Statistics in Ecuador (2026)
22.3% of adults in Ecuador saved at a formal financial institution or using a mobile money account in 2024, World Bank Global Findex data show. Up from 13.1% in 2021 to 22.3% in 2024 (+9.2 percentage points). Ecuador ranks #13 of 20 economies in Latin America & Caribbean on this measure, and #97 of 142 globally.
Key Statistics
- Latest value (2024)
- 22.3% (2024)
- Formal & Mobile Money Savings in Ecuador as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +9.2 pp (2024)
- Up from 13.1% in 2021 to 22.3% in 2024 (+9.2 percentage points).
- Earliest value in this dataset (2011)
- 14.5% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 14.5% in 2011 to 22.3% in 2024.
- Record high (2024)
- 22.3% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Ecuador.
- Rank in Latin America & Caribbean
- #13 of 20 (2024)
- Ecuador ranks 13 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #97 of 142 (2024)
- Ecuador ranks 97 of 142 countries with data globally.
- Latin America & Caribbean average
- 24.7% (2024)
- Ecuador (22.3%) is below the average of 24.7% across the 20 countries in Latin America & Caribbean with data.
- Saved at a bank or similar financial institution (% age 15+) (2024)
- 22% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Ecuador (2024)
- 77.2% (2024)
- 77.2% of the population in Ecuador used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 18.1 million (2024)
- Ecuador had a population of 18.1 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 22.3% | +9.2 pp |
| 2021 | 13.1% | +0.9 pp |
| 2017 | 12.2% | −2.0 pp |
| 2014 | 14.3% | −0.2 pp |
| 2011 | 14.5% | — |
Frequently asked questions
What share of adults in Ecuador saved at a formal financial institution or using a mobile money account?
22.3% of adults in Ecuador saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How does Ecuador compare with other countries in Latin America & Caribbean?
Ecuador ranks 13 of 20 countries in Latin America & Caribbean with data, with 22.3% versus a regional average of 24.7% (latest values per country).
Where does Ecuador rank globally on formal & mobile money savings?
Ecuador ranks 97 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 Ecuador?
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 Ecuador.
Where does the formal & mobile money savings data for Ecuador come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Ecuador 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 .