Account ownership at a financial institution or with a in Madagascar
Madagascar: Account ownership at a financial institution or with a was 24.5% in 2024. ◆ Volatile
Account ownership at a financial institution or with a in Madagascar, 2011–2024
Source: Global Findex Database, World Bank (WB). Measured in % of population ages 15+.
Analysis
The most recent figure for account ownership at a financial institution or with a in Madagascar is 24.5%, measured in 2024.
The figure is down 7.0% on the previous year and up 185.9% over ten years.
Over the whole period, account ownership at a financial institution or with a in Madagascar peaked at 26.3% in 2022 and was at its lowest, 5.5%, in 2011.
That places Madagascar 113th out of 117 countries with data for 2024, putting it in the bottom quarter.
Account ownership at a financial institution or with a in Madagascar, year by year
| Year | % of population ages 15+ | Change |
|---|---|---|
| 2011 | 5.5% | — |
| 2014 | 8.6% | +54.8% |
| 2017 | 17.9% | +108.9% |
| 2022 | 26.3% | +47.2% |
| 2024 | 24.5% | -7.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.6% | 5.5% | 17.9% | 3 |
| 2020s | 25.4% | 24.5% | 26.3% | 2 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.28 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.9354 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.28 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is account ownership at a financial institution or with a in Madagascar?
- Account ownership at a financial institution or with a in Madagascar was 24.5% in 2024, according to Global Findex Database, World Bank (WB).
- What is the highest account ownership at a financial institution or with a recorded in Madagascar?
- The highest recorded value was 26.3% in 2022.
- What is the lowest account ownership at a financial institution or with a recorded in Madagascar?
- The lowest recorded value was 5.5% in 2011.
- How does Madagascar rank for account ownership at a financial institution or with a?
- Madagascar ranks 113th out of 117 countries with data for 2024.
- Is account ownership at a financial institution or with a rising or falling in Madagascar?
- Over the last ten years it is up 185.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Global Findex Database, World Bank (WB), published as part of Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+). Statizoid updates them automatically from the source API.
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About this data
Account denotes the percentage of respondents who report having an account (by themselves or together with someone else) at a bank or another type of financial institution or report personally using a mobile money service in the past 12 months (% age 15+).