Sub-Saharan Africa

from The Global Findex Database 2021

A.1 A number of economies switched from face-to-face to phone-based surveys in 2021

FIGURE 2.2.4 Mobile money accounts are an important mode of formal saving in Sub-Saharan Africa

Adults saving any money in the past year (%), 2017–21

Saved formally at a financial institution only Saved formally using a mobile money account only Saved formally at a financial institution and using a mobile money account

Saved semiformally Saved using other methods only

Source: Global Findex Database 2021. Note: People may save in multiple ways, but categories are constructed to be mutually exclusive. “Saved formally” includes all adults who saved any money formally. “Saved semiformally” includes all adults who saved any money semiformally but not formally. Data on semiformal saving are not collected in most high-income economies. The Global Findex survey collected data on saving using a mobile money account for the first time in 2021.

Sub-Saharan Africa

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A.1 A number of economies switched from face-to-face to phone-based surveys in 2021

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A.1 A number of economies switched from face-to-face to phone-based surveys in 2021

on average, need help to use their account

worried about the ongoing financial impacts of COVID-19

expenses as their biggest financial worry

sources of emergency money, but they are not as reliable as savings

money—and see wide variations in resilience

and those who are rich

about all four financial issues than were adults in high-income economies

in 30 days with little or no difficulty

This article is from:

The Global Findex Database 2021