Share of Angolans with savings 2019-2020
Six adults out of ten had savings between November 2019 and December 2020 in Angola. Some 31 percent reported saving money on informal channels, that is, not through savings accounts on a commercial bank. Those who declared using only formal products to hold savings accounted for a small share of seven percent. Nearly 24 percent of respondents in Angola had both formal and informal savings, while some 38 percent did not own any kind of savings.