Key Charts - Size and Structure
Sub-Saharan Africa: Regionís Savers in Need of Financing Options
- The majority of regions have fewer savers than account holders, except for Sub-Saharan Africa (SSA) and Middle East and North Africa (MENA).
- The percentage of savers in SSA is 68 percent higher than the percentage of adults with accounts at formal financial institutions.
- This large unbanked population in SSA, over 700 percent higher than OECD countries, is hindered by poor financial infrastructure, poor contract enforcement, and difficulties in assessing personal credit.
Sources: World Bank Global Financial Inclusion Database, Milken Institute.