Year
2023
Population
48582334
Population, Rural
73.23
Population, Female
50.45
Working age population
53.85
Working age population, Male
12852163
Working age population, Female
13311103
Age dependency ratio
85.69
GDP per capita (constant 2015 US$)
956.25
Real GDP growth (inflation-adjusted)
4.6
GDP at current market prices
51010.32
Inflation rate
5.47
External debt outstanding (% of GDP)
39.41
Current account balance (% of GDP)
-7.51
Fiscal balance (% of GDP)
-4.35
Mobile phone ownership
45.65
Handset affordability
24.95
Mobile connectivity index
42.27
Network coverage
81.01
Mobile Data Affordability
36.87
Instant payments system availability
Yes
Instant payments system model
Mobile money IPS
Financial inclusion rate
81
Financial inclusion rate, Female
79
Financial inclusion rate, Male
84
Financial inclusion rate, Rural
78
Financial inclusion rate, Urban
87
Financial exclusion rate
19
Banked
14
Other formal (non-bank)
54
Informal only
13
Registered Agents
697 337
Mobile money accounts
43 409 491
Mobile money prevalence
Very high
Value of instant (real time) transactions
187.92
Volume of instant (real time) transactions
2014847
Value of mobile money transactions
59.15
Volume of mobile money transactions
6429313678
Remittance costs as % of remittance amount
10.6
Mobile money regulatory index
91.46
Financial Inclusion strategy index
100
Regulatory Sandbox
Yes
Gender, Youth & Vulnerable Groups Inclusion,
Yes
Interoperability solutions
No
Policy enablement to offer mobile money services
71.25
KYC requirement
60
Broad money (current LCU)
39 678 287 696 509
Consumer price index (2010 = 100)
210
Population ages 15 and above, female
13 809 343
Population ages 15 and above, male
13 189 206
Population ages 15 and above, total
26 998 549
Population, female (primary + secondary)
9599776
Population, male
24 070 802
Population, male (primary + secondary)
9683601
Population, youth (15-24)
10659496
Urban population
13 005 977