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% |
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
- Total reserves in months of imports, annual growth rate 0.9111 % change on previous year (2024)
- Total reserves in months of imports, per unit of GDP 0 units per US$ of GDP (2024)
- Total reserves in months of imports, per capita 0 units per person (2024)
- Reserves excluding gold, foreign exchange (SDR), annual growth rate 8.96 % change on previous year (2024)
- Reserves excluding gold, foreign exchange (SDR), per unit of GDP 0.1185 SDR per US$ of GDP (2024)
- Reserves excluding gold, foreign exchange (SDR), per capita 65.22 SDR per person (2024)
- Reserves excluding gold (SDR), annual growth rate 8.84 % change on previous year (2024)
- Reserves excluding gold (SDR), per capita 66.8 SDR per person (2024)
- Total reserves (gold at market value) (SDR), annual growth rate 8.84 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 66.8 SDR per person (2024)
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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About this data
For each country calculated as: 1,000*reported number of depositors/adult population in the reporting country.