Percentage of adults (16 years and older) with an account at a bank or other financial institution

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This table provides metadata for the actual indicator available from UK statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from UK statistics, this table should be consulted for information on national methodology and other UK-specific metadata information.

Indicator available

Percentage of adults (16 years and older) with an account at a bank or other financial institution
Indicator description
Geographical coverage

United Kingdom
Unit of measurement

Percentage (%)
Definitions

Account at a financial institution includes respondents who report having an account at a bank or at another type of financial institution, such as a credit union, microfinance institution, cooperative, or the post office (if applicable), or having a debit card in their own name. In addition, it includes respondents who report receiving wages, government transfers, or payments for agricultural products into an account at a financial institution in the past 12 months, paying utility bills or school fees from an account at a financial institution in the past 12 months, or receiving wages or government transfers into a card in the past 12 months. Mobile money account includes respondents who report personally using GSM Association (GSMA) Mobile Money for the Unbanked (MMU) services in the past 12 months to pay bills or to send or receive money. In addition, it includes respondents who report receiving wages, government transfers, or payments for agricultural products through a mobile phone in the past 12 months.
Available disaggregations
Calculations

The indicator is based on data collected through individual level surveys in each country with representative samples. Appropriate sampling weights are used in calculating country-level aggregates.
Other information

Data follows the UN specification for this indicator. This indicator has not been identified in collaboration with topic experts.
Data last updated 06 January 2022
Metadata last updated 06 January 2022

This table provides information on metadata for SDG indicators as defined by the UN Statistical Commission. Complete global metadata is provided by the UN Statistics Division.

Indicator name

Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider
Target name

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
Global indicator description
UN designated tier

Tier I
UN custodian agency

World Bank (WB)
Link to UN metadata United Nations Sustainable Development Goals metadata for target 8.10 opens in a new window
Organisation

Department for Work and Pensions (DWP)
Periodicity

Annual
Earliest available data

2013
Geographical coverage

United Kingdom
Link to data source Family Resources Survey opens in a new window
Release date 28 March 2019
Next release

TBC
Statistical classification

National Statistic
Contact details

team.frs@dwp.gov.uk
Other information

Values less than 0.5 per cent have been rounded down to 0
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