Benin vs Madagascar: Private credit by deposit money banks to GDP

Benin
15.5%
in 2021
Madagascar
17.4%
in 2021
Benin rank
154th
Madagascar rank
152nd

Private credit by deposit money banks to GDP over time

  • Benin
  • Madagascar
0102030196019902021

How they compare

Madagascar currently reports 17.4% against 15.5% in Benin, a difference of 1.9%.

That makes Madagascar's figure about 1.1 times Benin's.

The two have swapped places 6 times across 60 shared years of data; in 1962 it was Madagascar ahead.

Benin ranks 154th and Madagascar ranks 152nd of 187 countries.

Across the 7 decades both report, Benin averaged higher in 3 and Madagascar in 4.

Head to head by decade

Decade Benin Madagascar Difference Ahead
1960s 2.3% 14.4% 12.1% Madagascar
1970s 7.7% 15.2% 7.5% Madagascar
1980s 27.7% 13.2% 14.5% Benin
1990s 10.1% 10.7% 0.6% Madagascar
2000s 10.7% 8.3% 2.3% Benin
2010s 16.6% 11.2% 5.4% Benin
2020s 15.5% 16.5% 1.0% Madagascar

Averages of every year both report within each decade.

Frequently asked questions

Which has higher private credit by deposit money banks to gdp, Benin or Madagascar?
Madagascar, at 17.4% against 15.5% in Benin as of 2021.
What is the difference in private credit by deposit money banks to gdp between Benin and Madagascar?
1.9%, with Madagascar ahead.
How many years of comparable data are there for Benin and Madagascar?
60 years are reported by both, from 1962 to 2021.
How do Benin and Madagascar rank globally for private credit by deposit money banks to gdp?
Benin ranks 154th and Madagascar ranks 152nd of 187 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Private credit by deposit money banks to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Benin vs Madagascar: Private credit by deposit money banks to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 16 September 2026, from https://financial-sector.statizoid.com/compare/private-credit-by-deposit-money-banks-to-gdp-percent/benin/madagascar/

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About this data

Indicator
Private credit by deposit money banks to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
187 places, 8,608 data points, 1960–2021
Last refreshed

Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks (IFS line 22d); 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).