Formal Savings Statistics in Venezuela (2026)
As of the 2024 data, 20% of adults in Venezuela saved at a formal financial institution, per World Bank Global Findex. Up from 8.4% in 2021 to 20% in 2024 (+11.6 percentage points). Venezuela ranks #12 of 20 economies in Latin America & Caribbean on this measure, and #80 of 142 globally.
Key Statistics
- Latest value (2024)
- 20% (2024)
- Formal Savings in Venezuela as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2021
- +11.6 pp (2024)
- Up from 8.4% in 2021 to 20% in 2024 (+11.6 percentage points).
- Earliest value in this dataset (2011)
- 13.6% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 13.6% in 2011 to 20% in 2024.
- Peak value (2014)
- 22.8% (2014)
- Highest value in the available series; the 2024 value is 20%.
- Rank in Latin America & Caribbean
- #12 of 20 (2024)
- Venezuela ranks 12 of 20 countries in Latin America & Caribbean with data, based on each country's latest value.
- Global rank
- #80 of 142 (2024)
- Venezuela ranks 80 of 142 countries with data globally.
- Latin America & Caribbean average
- 21.3% (2024)
- Venezuela (20%) is below the average of 21.3% across the 20 countries in Latin America & Caribbean with data.
- Among women (2024)
- 16.4% (2024)
- Value for women in Venezuela, same 2024 World Bank Global Findex data.
- Among men (2024)
- 23.6% (2024)
- Value for men in Venezuela, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −7.2 pp (2024)
- In 2024, the figure was 16.4% for women and 23.6% for men — 7.2 percentage points lower among women.
- In rural areas (2024)
- 19.6% (2024)
- Value for rural residents of Venezuela in 2024.
- Rural gap vs national
- −0.4 pp (2024)
- Rural residents (19.6%) are 0.4 percentage points below the national figure (20%).
- Among the poorest 40% (2024)
- 11.5% (2024)
- Value for adults in the poorest 40% of households in Venezuela in 2024.
- Poorest-40% gap vs national
- −8.4 pp (2024)
- The poorest 40% (11.5%) are 8.4 percentage points below the national figure (20%).
- Internet use in Venezuela (2024)
- 76.7% (2024)
- 76.7% of the population in Venezuela used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 28.4 million (2024)
- Venezuela had a population of 28.4 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 20% | +11.6 pp |
| 2021 | 8.4% | −11.1 pp |
| 2017 | 19.4% | −3.4 pp |
| 2014 | 22.8% | +9.2 pp |
| 2011 | 13.6% | — |
Frequently asked questions
What share of adults in Venezuela saved at a formal financial institution?
20% of adults in Venezuela saved at a formal financial institution in 2024, according to World Bank Global Findex data.
Is there a gender gap in formal savings in Venezuela?
Yes — in 2024 the figure was 16.4% for women and 23.6% for men, a gap of 7.2 percentage points in favor of men.
When did formal savings in Venezuela peak?
The highest value in the available series was 22.8% in 2014; the latest (2024) value is 20%.
How recent is the formal savings data for Venezuela?
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 Venezuela.
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 .