Bank accounts per 1,000 adults in Madagascar
Madagascar: Bank accounts per 1,000 adults was 106.78 in 2020. ▲ Rising
Bank accounts per 1,000 adults in Madagascar, 2004–2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
Madagascar recorded 106.78 for bank accounts per 1,000 adults in 2020. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 8.5% on the previous year and up 0.4% over ten years.
Over the whole period, bank accounts per 1,000 adults in Madagascar peaked at 106.78 in 2020 and was at its lowest, 18.49, in 2004.
Madagascar ranks 93rd of 103 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Bank accounts per 1,000 adults in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 18.49 | — |
| 2005 | 20.03 | +8.3% |
| 2006 | 21.79 | +8.8% |
| 2007 | 26.39 | +21.1% |
| 2008 | 36.85 | +39.6% |
| 2009 | 39.65 | +7.6% |
| 2010 | 106.32 | +168.1% |
| 2011 | 52.26 | -50.8% |
| 2012 | 53.9 | +3.1% |
| 2013 | 59.32 | +10.1% |
| 2014 | 60.12 | +1.3% |
| 2015 | 73.39 | +22.1% |
| 2016 | 72.22 | -1.6% |
| 2017 | 79.76 | +10.4% |
| 2018 | 86.14 | +8.0% |
| 2019 | 98.42 | +14.3% |
| 2020 | 106.78 | +8.5% |
Madagascar compared with similar countries
- Madagascar's 106.78 is below the median for low income countries, which is 146.25, 73% of the median. (18 countries reporting)
- Madagascar's 106.78 is below the median for Sub-Saharan Africa, which is 194.06, 55% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Bank accounts per 1,000 adults in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +168.1% | 39.65 | 106.32 |
| 2011 | -50.8% | 106.32 | 52.26 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.2 | 18.49 | 39.65 | 6 |
| 2010s | 74.19 | 52.26 | 106.32 | 10 |
| 2020s | 106.78 | 106.78 | 106.78 | 1 |
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 bank accounts per 1,000 adults in Madagascar?
- Bank accounts per 1,000 adults in Madagascar was 106.78 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank accounts per 1,000 adults recorded in Madagascar?
- The highest recorded value was 106.78 in 2020.
- What is the lowest bank accounts per 1,000 adults recorded in Madagascar?
- The lowest recorded value was 18.49 in 2004.
- How does Madagascar rank for bank accounts per 1,000 adults?
- Madagascar ranks 93rd out of 103 countries with data for 2020.
- Is bank accounts per 1,000 adults rising or falling in Madagascar?
- Over the last ten years it is up 0.4%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Financial Access Survey (FAS), International Monetary Fund (IMF), published as part of Bank accounts per 1,000 adults. Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
For each country calculated as: 1,000*reported number of depositors/adult population in the reporting country.