Formal & Mobile Money Savings Statistics in Uganda (2026)
According to World Bank Global Findex data, 53.6% of adults in Uganda saved at a formal financial institution or using a mobile money account in 2024. Up from 38.6% in 2021 to 53.6% in 2024 (+15 percentage points). Uganda ranks #4 of 36 economies in Sub-Saharan Africa on this measure, and #30 of 142 globally.
Key Statistics
- Latest value (2024)
- 53.6% (2024)
- Formal & Mobile Money Savings in Uganda as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +15 pp (2024)
- Up from 38.6% in 2021 to 53.6% in 2024 (+15 percentage points).
- Earliest value in this dataset (2011)
- 16.3% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 16.3% in 2011 to 53.6% in 2024.
- Record high (2024)
- 53.6% (2024)
- The 2024 value is the highest in the available World Bank Global Findex series for Uganda.
- Rank in Sub-Saharan Africa
- #4 of 36 (2024)
- Uganda ranks 4 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #30 of 142 (2024)
- Uganda ranks 30 of 142 countries with data globally.
- Sub-Saharan Africa average
- 30.8% (2024)
- Uganda (53.6%) 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)
- 13.4% (2024)
- Related indicator from World Bank Global Findex.
- Internet use in Uganda (2024)
- 8.9% (2024)
- 8.9% of the population in Uganda used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 50 million (2024)
- Uganda had a population of 50 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 53.6% | +15.0 pp |
| 2021 | 38.6% | +25.9 pp |
| 2017 | 12.7% | −4.1 pp |
| 2014 | 16.8% | +0.4 pp |
| 2011 | 16.3% | — |
Frequently asked questions
What share of adults in Uganda saved at a formal financial institution or using a mobile money account?
53.6% of adults in Uganda saved at a formal financial institution or using a mobile money account in 2024, according to World Bank Global Findex data.
How recent is the formal & mobile money savings data for Uganda?
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 Uganda.
Where does the formal & mobile money savings data for Uganda come from?
The data comes from the World Bank Global Findex (indicator fin17a.17a1.d). The latest observation for Uganda 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 .