Unbanked population in Mexico 2011-2024

According to a 2022 release of a three-year survey, Mexico's share of respondents who claimed not to have a access to banking account increased in 2017. The source states 2017 was the latest available year for Mexico in 2022, as no new figures were provided for that country. Nevertheless, Mexico seemed to have a relatively high share of "unbanked" population - or those who or those who did not access to the services of a bank or another, similar financial organization. This was especially true for poor respondents, with a share of 75 percent in 2017. The report adds that women in Mexico were more likely than men to be financially excluded from services like ATM machines, credit cards, or financial products like insurance or mortgages. By 2021, the market share of cash in Mexican physical stores had declined by 30 percentage points when compared to 2019, although cash was still the most popular payment method in POS.

Share of unbanked individuals in Mexico in 2011, 2014, 2017 with forecasts for 2021 and 2024, by age, gender, and income level

Characteristic	2011	2014	2017	2021*	2024*
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

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Release date

March 2024

More information

Region

Mexico

Survey time period

August to November 2017

Number of respondents

approx. 1,000 per country

Age group

15 years and older

Special properties

Entire civilian, noninstitutionalized population; * The data for 2021 and 2024 are forecasts calculated by Statista; The figures shown are from a global survey held every 3 years. Data for 2021 - the most recent year available - was released in June 2022.

Method of interview

Face-to-face interviews, telephone interviews

Supplementary notes

This question was phrased by the source as follows: "An account can be used to save money, to make or to receive payments, or to receive wages or financial help. Do you, either by yourself or together with someone else, currently have an account at a bank or another type of formal financial institution? Yes or no?"

The source only provided figures for those who answered "yes". The figures shown have been calculated.

Figures for 2021 and 2024 are forecasts from Statista. Historical figures were used in a linear trend, to form a simple trend projection. This extrapolation uses the method of least squares. Mexico was one of the few countries that did not feature in the most recent release of this survey.

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