Madagascar vs Nigeria: Currency in circulation outside of depository corporations
Madagascar
5.59 trillion Domestic currency
in 2024
Nigeria
3.43 trillion Domestic currency
in 2023
Madagascar rank
20th
Nigeria rank
22nd
Currency in circulation outside of depository corporations over time
- Madagascar
- Nigeria
How they compare
Madagascar currently reports 5.59 trillion Domestic currency against 3.43 trillion Domestic currency in Nigeria, a difference of 2.16 trillion Domestic currency.
That makes Madagascar's figure about 1.6 times Nigeria's.
Across all 18 years both countries report, Madagascar has been ahead every year.
Madagascar ranks 20th and Nigeria ranks 22nd of 145 countries.
Madagascar has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Madagascar | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 873.99 billion Domestic currency | 810.98 billion Domestic currency | 63.01 billion Domestic currency | Madagascar |
| 2010s | 2.20 trillion Domestic currency | 1.54 trillion Domestic currency | 657.80 billion Domestic currency | Madagascar |
| 2020s | 4.29 trillion Domestic currency | 2.86 trillion Domestic currency | 1.43 trillion Domestic currency | Madagascar |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher currency in circulation outside of depository corporations, Madagascar or Nigeria?
- Madagascar, at 5.59 trillion Domestic currency against 3.43 trillion Domestic currency in Nigeria as of 2024.
- What is the difference in currency in circulation outside of depository corporations between Madagascar and Nigeria?
- 2.16 trillion Domestic currency, with Madagascar ahead.
- How many years of comparable data are there for Madagascar and Nigeria?
- 18 years are reported by both, from 2006 to 2023.
- How do Madagascar and Nigeria rank globally for currency in circulation outside of depository corporations?
- Madagascar ranks 20th and Nigeria ranks 22nd of 145 countries.
- Where does this data come from?
- International Monetary Fund, published as Currency in circulation outside of depository corporations (Domestic currency). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Monetary and Financial Statistics (MFS), Monetary Aggregates 2026 April