Six adults out of ten had savings between November 2019 and December 2020 in Angola. Some 31 percent reported saving money on informal channels, that is, not through savings accounts on a commercial bank. Those who declared using only formal products to hold savings accounted for a small share of seven percent. Nearly 24 percent of respondents in Angola had both formal and informal savings, while some 38 percent did not own any kind of savings.
Share of adults holding savings in Angola between November 2019 and January 2020, by level of formality
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According to the source, “only formal” includes adults who report currently using a savings or deposit account in a commercial bank or commercial bank that deals with micro-credit. “Only informal” includes adults who report saving via informal and semi-informal savings, as self-help groups named ‘Kixiquila’ or keeping money at home.
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Banco Nacional de Angola, & World Bank, & Angolan Financial Stability Council. (July 1, 2020). Share of adults holding savings in Angola between November 2019 and January 2020, by level of formality [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1227321/share-of-adults-holding-savings-in-angola-by-level-of-formality/
Banco Nacional de Angola, und World Bank, und Angolan Financial Stability Council. "Share of adults holding savings in Angola between November 2019 and January 2020, by level of formality ." Chart. July 1, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1227321/share-of-adults-holding-savings-in-angola-by-level-of-formality/
Banco Nacional de Angola, World Bank, Angolan Financial Stability Council. (2020). Share of adults holding savings in Angola between November 2019 and January 2020, by level of formality . Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1227321/share-of-adults-holding-savings-in-angola-by-level-of-formality/
Banco Nacional de Angola, and World Bank, and Angolan Financial Stability Council. "Share of Adults Holding Savings in Angola between November 2019 and January 2020, by Level of Formality ." Statista, Statista Inc., 1 Jul 2020, https://www.statista.com/statistics/1227321/share-of-adults-holding-savings-in-angola-by-level-of-formality/
Banco Nacional de Angola & World Bank & Angolan Financial Stability Council, Share of adults holding savings in Angola between November 2019 and January 2020, by level of formality Statista, https://www.statista.com/statistics/1227321/share-of-adults-holding-savings-in-angola-by-level-of-formality/ (last visited July 22, 2024)
Share of adults holding savings in Angola between November 2019 and January 2020, by level of formality [Graph], Banco Nacional de Angola, & World Bank, & Angolan Financial Stability Council, July 1, 2020. [Online]. Available: https://www.statista.com/statistics/1227321/share-of-adults-holding-savings-in-angola-by-level-of-formality/
