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Females Around the World Face Hurdles to Economic Empowerment

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Dying in Childbirth: Why Are the Women Still at Risk?

Get to Know the Percentage of Accounts Held by Females at Financial Institutions
The World Map Shows the Percentage of Women Who Have Access to an Account at a Financial Institution

 

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Governments around the world are working towards empowering women to participate fully in all spheres of life. Positive steps have been taken in this regard by reserving seats in the parliament as well as providing them better educational and health facilities; but, is it enough? In promoting women’s empowerment it is critical that their financial independence is getting taken care of and this is possible only if they have access to finance. In some countries, 100 percent of the women aged 15 and above have an account at a financial institution; meaning every female in these nations is financially empowered, while in others the situation is so bad that less than two percent of women have access to an account at a financial institution. And, not many countries meet the 100 percent mark.

According to the World Bank data of 2014, only three nations in the world were able to meet the 100 percent mark. The three Nordic nations of Denmark, Norway and Finland were the nations where 100 percent women, aged 15 and above, had an account at a financial institution. The European nations formed the bulk of those where 90 percent and above women had an account at a financial institution. The only non European nations in this list were Canada, Australia, Japan, Hong Kong, United States, South Korea, Mongolia, and Israel.

The South Asian region witnessed just 36.8 percent women having an account at a financial institution. While Sri Lanka commanded a respectable 83.1 percent, Pakistan ranked down the ladder at just 3 percent women having an account at a financial institution. Among the European nations, while Sweden, Finland and Norway were at the top, Albania reported a figure of 33.6 percent. But it was better than many African nations where the figure was less than 20 percent. The highest ranked African Nation was South Africa where 68.8 percent of the women had an account at a financial institution.

Meanwhile, standing at the bottom of the ladder were nations such as Turkmenistan, Yemen and Niger which reported figures of 1.6 percent, 1.7 percent and 2.5 percent respectively.

Country 2014 (%)
Denmark 100.00
Finland 100.00
Norway 100.00
Sweden 99.76
Belgium 99.51
Germany 99.44
New Zealand 99.22
Canada 99.20
Netherlands 99.18
Australia 99.04
United Kingdom 98.65
Spain 97.57
Estonia 97.47
Austria 97.37
Japan 97.02
Slovenia 96.98
Switzerland 96.69
Luxembourg 96.69
Hong Kong SAR, China 96.27
Singapore 96.07
Malta 95.62
France 95.47
United States 94.80
Ireland 94.77
Korea, Rep. 93.38
Mongolia 93.21
Cyprus 90.29
Latvia 90.17
Israel 90.02
Croatia 87.69
Iran, Islamic Rep. 87.11
Greece 86.61
Portugal 86.11
Italy 83.16
Sri Lanka 83.11
Serbia 82.97
Mauritius 80.00
Slovak Republic 79.97
Czech Republic 79.37
Malaysia 78.09
Lithuania 77.88
Jamaica 77.54
China 76.36
Thailand 75.44
Poland 72.96
Hungary 72.50
Belarus 71.96
Russian Federation 70.19
South Africa 68.77
Bahrain 66.74
United Arab Emirates 66.32
Puerto Rico 66.09
Brazil 64.77
Macedonia, FYR 64.03
Kuwait 64.00
Bulgaria 63.16
Saudi Arabia 61.15
Costa Rica 60.24
Chile 59.07
Montenegro 57.91
Romania 56.79
Namibia 56.02
Dominican Republic 55.81
Kazakhstan 55.59
Venezuela, RB 53.26
Belize 52.28
Kenya 51.94
Ukraine 51.69
Argentina 50.85
Bosnia and Herzegovina 47.06
Botswana 45.87
Turkey 44.28
India 42.64
Uruguay 41.27
Ecuador 40.82
Panama 40.26
Algeria 40.07
Georgia 39.76
Uzbekistan 39.34
Mexico 38.84
Bolivia 37.62
Indonesia 37.24
South Asia 36.75
Kosovo 36.32
Guatemala 34.56
Ghana 33.99
Philippines 33.88
Albania 33.59
Colombia 33.58
Nigeria 33.56
Lebanon 32.91
Vietnam 31.86
Nepal 31.27
Rwanda 30.51
Zambia 29.70
El Salvador 29.36
Gabon 28.10
Bhutan 27.68
Azerbaijan 25.90
Bangladesh 25.22
Honduras 24.87
Uganda 23.14
Peru 22.50
Angola 22.33
West Bank and Gaza 21.21
Ethiopia 21.00
Tunisia 20.52
Moldova 18.98
Kyrgyz Republic 18.93
Mauritania 18.81
Tanzania 17.10
Myanmar 17.08
Jordan 15.53
Zimbabwe 15.34
Togo 14.44
Armenia 14.34
Haiti 14.23
Congo, Rep. 14.19
Nicaragua 14.06
Malawi 12.99
Benin 12.87
Cote d’Ivoire 11.98
Burkina Faso 11.75
Sierra Leone 11.06
Cambodia 10.68
Mali 10.53
Sudan 9.98
Egypt, Arab Rep. 9.18
Tajikistan 9.09
Cameroon 8.88
Congo, Dem. Rep. 8.55
Senegal 8.24
Iraq 7.44
Burundi 6.55
Somalia 6.04
Madagascar 5.50
Chad 4.00
Afghanistan 3.81
Guinea 3.79
Pakistan 3.02
Niger 2.55
Yemen, Rep. 1.67
Turkmenistan 1.56

(Data sourced from World Bank)

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