IMF Links Financial Inclusion and GDP Growth

Resource published September 21, 2015

GDP Growth Report

The fifth annual Financial Access Survey released by the International Monetary Fund is the most comprehensive global source of data on financial access and usage - incorporating mobile money indicators for the first time this year. The survey shows a positive correlation between the increase in the use of commercial bank services and the increase in GDP per capita. For example, between 2004 and 2013, deposits in African commercial banks increased fivefold while the GDP per capita grew by 40 percent.

View Survey Report