According to a three-year survey, the share of Germany respondents without access to a banking account virtually disappeared between 2017 and 2021. The decline seems especially fueled by the decline of "unbanked" population - or those who or those who did not access to the services of a bank or another, similar financial organization - among the youngest respondents, as the share of 15-to 24-year-olds respondents declined from three percent in 2017 to zero percent in 2021. The source does not mention whether figures were rounded. Despite the relatively low unbanked population in the country, the market share of cash in German physical stores remained high in 2021.
Share of unbanked individuals in Germany in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level
Entire civilian, noninstitutionalized population; * The data for 2024 is a forecast 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 2024 are a forecast from Statista. Historical figures were used in a linear trend, to form a simple trend projection. This extrapolation uses the method of least squares.
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Statista. (March 11, 2024). Share of unbanked individuals in Germany in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph]. In Statista. Retrieved December 21, 2024, from https://www.statista.com/statistics/1370635/access-to-financial-services-in-germany/
Statista. "Share of unbanked individuals in Germany in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level." Chart. March 11, 2024. Statista. Accessed December 21, 2024. https://www.statista.com/statistics/1370635/access-to-financial-services-in-germany/
Statista. (2024). Share of unbanked individuals in Germany in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level. Statista. Statista Inc.. Accessed: December 21, 2024. https://www.statista.com/statistics/1370635/access-to-financial-services-in-germany/
Statista. "Share of Unbanked Individuals in Germany in 2011, 2014, 2017 and 2021 with a Forecast for 2024, by Age, Gender, and Income Level." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/1370635/access-to-financial-services-in-germany/
Statista, Share of unbanked individuals in Germany in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level Statista, https://www.statista.com/statistics/1370635/access-to-financial-services-in-germany/ (last visited December 21, 2024)
Share of unbanked individuals in Germany in 2011, 2014, 2017 and 2021 with a forecast for 2024, by age, gender, and income level [Graph], Statista, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/1370635/access-to-financial-services-in-germany/
