Monday, May 16, 2011

Unbanked by the Numbers

Below are three charts and tables from the recent issue of the Economist. The first provides estimates for the number of unbanked in several high-population countries. As financial services companies in these countries continue to innovate to reach the large number of unbaked citizens, look for some of those innovations to start influencing banking in the developed world.

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The next two charts (taken from here & here respectively) assume that fertility rates stay more or less at current levels. The shocker in the first chart is the Philippines: currently at 96 million and projected to reach 178 million by the end of the century. That estimate will probably fall short, given that the country is poised to pass landmark legislation that should curb population growth.

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