SDG #8 is to “Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.”
Within SDG #8 are 12 targets, of which we here focus on Target 8.10:
Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
Target 8.10 has two indicators:
Indicator 8.10.1: (a) Number of commercial bank branches per 100,000 adults and (b) Number of automated teller machines (ATMs) per 100,000 adults
Indicator 8.10.2: Proportion of adults (15 years and older) with an account at a bank or other financial institution or with a mobile-money-service provider
One aspect of social inclusion is financial inclusion. This has become much more accessible with the proliferation of digital payment platforms to give access.
Worldwide, the number of commercial bank branches per 100,000 adults was 11.2 as of 2021, about the same as 2015. For the same year, there were 39 ATMs per 100,000 people worldwide, a small increase from 36 in 2015.
The proportion of adults with a bank account or similar in 2021 was 76%, an increase since the Goals adoption of 62%.
