Formal & Mobile Money Savings Statistics in Guinea (2026)
23.3% of adults in Guinea saved at a formal financial institution or using a mobile money account in 2024, World Bank Global Findex data show. Up from 12.9% in 2021 to 23.3% in 2024 (+10.4 percentage points). Guinea ranks #27 of 36 economies in Sub-Saharan Africa on this measure, and #94 of 142 globally.
Key Statistics
- Latest value (2024)
- 23.3% (2024)
- Formal & Mobile Money Savings in Guinea as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +10.4 pp (2024)
- Up from 12.9% in 2021 to 23.3% in 2024 (+10.4 percentage points).
- Earliest value in this dataset (2011)
- 2% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 2% in 2011 to 23.3% in 2024.
- Record high (2024)
- 23.3% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Guinea.
- Rank in Sub-Saharan Africa
- #27 of 36 (2024)
- Guinea ranks 27 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #94 of 142 (2024)
- Guinea ranks 94 of 142 countries with data globally.
- Sub-Saharan Africa average
- 30.8% (2024)
- Guinea (23.3%) is below 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)
- 6.8% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Guinea (2024)
- 33.3% (2024)
- 33.3% of the population in Guinea used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 14.8 million (2024)
- Guinea had a population of 14.8 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 23.3% | +10.4 pp |
| 2021 | 12.9% | +6.5 pp |
| 2017 | 6.5% | +3.6 pp |
| 2014 | 2.9% | +0.8 pp |
| 2011 | 2% | — |
Frequently asked questions
What share of adults in Guinea saved at a formal financial institution or using a mobile money account?
23.3% of adults in Guinea saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
Where does the formal & mobile money savings data for Guinea come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Guinea is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal & mobile money savings in Guinea changed over time?
World Bank Global Findex data show a rise from 2% in 2011 to 23.3% in 2024.
How does Guinea compare with other countries in Sub-Saharan Africa?
Guinea ranks 27 of 36 countries in Sub-Saharan Africa with data, with 23.3% versus a regional average of 30.8% (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 .