Reasons for formal account inactivity based on 2021 Global Findex data
| Regions | Bank or financial institution is too far away (% age 15+) | Bank or financial institution is too far away (% with an inactive account, age 15+) | No need for an account (% age 15+) | No need for an account (% with an inactive account, age 15+) | Don’t have enough money to use an account (% age 15+) | Don’t have enough money to use an account (% with an inactive account, age 15+) | Don’t feel comfortable using the account by themselves (% age 15+) | Don’t feel comfortable using an account by themselves (% with an inactive account, age 15+) | Don’t trust banks or financial institutions (% age 15+) | Don’t trust banks or financial institutions (% with an inactive account, age 15+) |
|---|---|---|---|---|---|---|---|---|---|---|
| Lower middle income countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| Middle income countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| Developing countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| South Asia countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| Regions | Bank or financial institution is too far away (% age 15+) | Bank or financial institution is too far away (% with an inactive account, age 15+) | No need for an account (% age 15+) | No need for an account (% with an inactive account, age 15+) | Don’t have enough money to use an account (% age 15+) | Don’t have enough money to use an account (% with an inactive account, age 15+) | Don’t feel comfortable using the account by themselves (% age 15+) | Don’t feel comfortable using an account by themselves (% with an inactive account, age 15+) | Don’t trust banks or financial institutions (% age 15+) | Don’t trust banks or financial institutions (% with an inactive account, age 15+) |
|---|---|---|---|---|---|---|---|---|---|---|
| Lower middle income countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| Middle income countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| Developing countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |
| South Asia countries | 18% | 49% | 17% | 46% | 14% | 37% | 11% | 29% | 18% | 48% |