Madagascar vs Nigeria: Financial system deposits to GDP
Financial system deposits to GDP over time
- Madagascar
- Nigeria
How they compare
Nigeria currently reports 21.8% against 20.1% in Madagascar, a difference of 1.7%.
That makes Nigeria's figure about 1.1 times Madagascar's.
The two have swapped places 9 times across 60 shared years of data; in 1962 it was Madagascar ahead.
Madagascar ranks 166th and Nigeria ranks 164th of 185 countries.
Across the 7 decades both report, Madagascar averaged higher in 4 and Nigeria in 3.
Head to head by decade
| Decade | Madagascar | Nigeria | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 7.0% | 6.6% | 0.5% | Madagascar |
| 1970s | 10.6% | 10.6% | 0.0% | Madagascar |
| 1980s | 8.4% | 9.3% | 0.9% | Nigeria |
| 1990s | 12.1% | 8.1% | 4.0% | Madagascar |
| 2000s | 13.6% | 12.6% | 1.0% | Madagascar |
| 2010s | 15.8% | 17.5% | 1.8% | Nigeria |
| 2020s | 19.9% | 21.3% | 1.4% | Nigeria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher financial system deposits to gdp, Madagascar or Nigeria?
- Nigeria, at 21.8% against 20.1% in Madagascar as of 2021.
- What is the difference in financial system deposits to gdp between Madagascar and Nigeria?
- 1.7%, with Nigeria ahead.
- How many years of comparable data are there for Madagascar and Nigeria?
- 60 years are reported by both, from 1962 to 2021.
- How do Madagascar and Nigeria rank globally for financial system deposits to gdp?
- Madagascar ranks 166th and Nigeria ranks 164th of 185 countries.
- Where does this data come from?
- International Financial Statistics (IFS), International Monetary Fund (IMF), published as Financial system deposits to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).