Formal Savings Statistics in Ethiopia (2026)
25.1% of adults in Ethiopia saved at a formal financial institution in 2024, World Bank Global Findex data show. Up from 22.6% in 2022 to 25.1% in 2024 (+2.5 percentage points). Ethiopia ranks #6 of 36 economies in Sub-Saharan Africa on this measure, and #62 of 142 globally.
Key Statistics
- Latest value (2024)
- 25.1% (2024)
- Formal Savings in Ethiopia as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- +2.5 pp (2024)
- Up from 22.6% in 2022 to 25.1% in 2024 (+2.5 percentage points).
- Earliest value in this dataset (2014)
- 13.6% (2014)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 13.6% in 2014 to 25.1% in 2024.
- Peak value (2017)
- 26.3% (2017)
- Highest value in the available series; the 2024 value is 25.1%.
- Rank in Sub-Saharan Africa
- #6 of 36 (2024)
- Ethiopia ranks 6 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #62 of 142 (2024)
- Ethiopia ranks 62 of 142 countries with data globally.
- Sub-Saharan Africa average
- 13.9% (2024)
- Ethiopia (25.1%) is above the average of 13.9% across the 36 countries in Sub-Saharan Africa with data.
- Among women (2024)
- 20.9% (2024)
- Value for women in Ethiopia, same 2024 World Bank Global Findex data.
- Among men (2024)
- 29.6% (2024)
- Value for men in Ethiopia, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −8.7 pp (2024)
- In 2024, the figure was 20.9% for women and 29.6% for men — 8.7 percentage points lower among women.
- In rural areas (2024)
- 22.2% (2024)
- Value for rural residents of Ethiopia in 2024.
- Rural gap vs national
- −2.9 pp (2024)
- Rural residents (22.2%) are 2.9 percentage points below the national figure (25.1%).
- Among the poorest 40% (2024)
- 20.3% (2024)
- Value for adults in the poorest 40% of households in Ethiopia in 2024.
- Poorest-40% gap vs national
- −4.8 pp (2024)
- The poorest 40% (20.3%) are 4.8 percentage points below the national figure (25.1%).
- Internet use in Ethiopia (2024)
- 21.9% (2024)
- 21.9% of the population in Ethiopia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 132.1 million (2024)
- Ethiopia had a population of 132.1 million in 2024 (World Bank); shown for scale only.
Trend, 2014–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 25.1% | +2.5 pp |
| 2022 | 22.6% | −3.6 pp |
| 2017 | 26.3% | +12.7 pp |
| 2014 | 13.6% | — |
Frequently asked questions
What share of adults in Ethiopia saved at a formal financial institution?
25.1% of adults in Ethiopia saved at a formal financial institution in 2024, according to World Bank Global Findex data.
When did formal savings in Ethiopia peak?
The highest value in the available series was 26.3% in 2017; the latest (2024) value is 25.1%.
How recent is the formal savings data for Ethiopia?
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 Ethiopia.
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 .