Formal Savings Statistics in Malaysia (2026)
47.7% of adults in Malaysia saved at a formal financial institution in 2024, World Bank Global Findex data show. Up from 46.9% in 2021 to 47.7% in 2024 (+0.8 percentage points). Malaysia ranks #9 of 16 economies in East Asia & Pacific on this measure, and #30 of 142 globally.
Key Statistics
- Latest value (2024)
- 47.7% (2024)
- Formal Savings in Malaysia as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +0.8 pp (2024)
- Up from 46.9% in 2021 to 47.7% in 2024 (+0.8 percentage points).
- Earliest value in this dataset (2011)
- 35.4% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 35.4% in 2011 to 47.7% in 2024.
- Record high (2024)
- 47.7% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Malaysia.
- Rank in East Asia & Pacific
- #9 of 16 (2024)
- Malaysia ranks 9 of 16 countries in East Asia & Pacific with data, based on each country's latest value.
- Global rank
- #30 of 142 (2024)
- Malaysia ranks 30 of 142 countries with data globally.
- East Asia & Pacific average
- 42.9% (2024)
- Malaysia (47.7%) is above the average of 42.9% across the 16 countries in East Asia & Pacific with data.
- Among women (2024)
- 47.2% (2024)
- Value for women in Malaysia, same 2024 World Bank Global Findex data.
- Among men (2024)
- 48.2% (2024)
- Value for men in Malaysia, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −1 pp (2024)
- In 2024, the figure was 47.2% for women and 48.2% for men — 1 percentage points lower among women.
- In rural areas (2024)
- 44.5% (2024)
- Value for rural residents of Malaysia in 2024.
- Rural gap vs national
- −3.2 pp (2024)
- Rural residents (44.5%) are 3.2 percentage points below the national figure (47.7%).
- Among the poorest 40% (2024)
- 31.8% (2024)
- Value for adults in the poorest 40% of households in Malaysia in 2024.
- Poorest-40% gap vs national
- −15.9 pp (2024)
- The poorest 40% (31.8%) are 15.9 percentage points below the national figure (47.7%).
- Internet use in Malaysia (2024)
- 98% (2024)
- 98% of the population in Malaysia used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 35.6 million (2024)
- Malaysia had a population of 35.6 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 47.7% | +0.8 pp |
| 2021 | 46.9% | +9.1 pp |
| 2017 | 37.8% | +4.0 pp |
| 2014 | 33.8% | −1.6 pp |
| 2011 | 35.4% | — |
Frequently asked questions
What share of adults in Malaysia saved at a formal financial institution?
47.7% of adults in Malaysia saved at a formal financial institution in 2024, according to World Bank Global Findex data.
How recent is the formal savings data for Malaysia?
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 Malaysia.
Where does the formal savings data for Malaysia come from?
The data comes from the World Bank Global Findex (indicator fin17a). The latest observation for Malaysia is from 2024; the snapshot was retrieved on 2026-06-10.
How has formal savings in Malaysia changed over time?
World Bank Global Findex data show a rise from 35.4% in 2011 to 47.7% in 2024.
How does Malaysia compare with other countries in East Asia & Pacific?
Malaysia ranks 9 of 16 countries in East Asia & Pacific with data, with 47.7% versus a regional average of 42.9% (latest values per country).
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 .