The Little Data Book on Financial Inclusion 2018, a World Bank report

Nov. 10, 2018 Share Source

World Bank report, The Little Data Book on Financial Inclusion 2018 offers endless insight into the spectrum of cash dependency across the globe.

The document is a pocket edition of the Global Findex database, presenting its third round of data collection since the Global Findex database was launched in 2011. Indicators are organized by country, region and income group, and delve into the use of formal and informal financial services.

'The database provides nationally representative, demand-side data on access to and use of accounts, credit, payments, and savings by adults age 15 and above in 144 economies. In addition, new indicators measure how people make or receive digital payments.'
" The Little Data Book on Financial Inclusion 2018

According to the report, a substantial 31.5% of the people over age 15 live without bank accounts globally, that's over 1.7 billion people relying entirely on cash to get by.

Other findings

  • 35% of people in Europe and Central Asia do not have bank accounts
  • 66.5% of people in the Middle East and North Africa do not have bank accounts
  • 44.6% of people in the Latin America & Caribbean do not have bank accounts

Excerpt from report introduction

The Global Findex database is housed in the World Bank’s Development Research Group and funded by the Bill & Melinda Gates Foundation. It is the first public global database of demand-side indicators to track the financial lives of individuals over time. Covering a range of topics, the data can be used to create a more complete picture of how people save, borrow, manage risk, and send and receive money.

Download report here

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Last Updated: Nov. 15, 2018