Bank branches per 100,000 adults in Madagascar
Madagascar: Bank branches per 100,000 adults was 2.51 in 2020. ▲ Rising
Bank branches per 100,000 adults in Madagascar, 2004–2020
Source: Financial Access Survey (FAS), International Monetary Fund (IMF).
Analysis
The most recent figure for bank branches per 100,000 adults in Madagascar is 2.51, measured in 2020. That is the highest value across all 17 years on record.
That represents a change of up 2.3% on the previous year and up 71.5% over ten years.
Over the whole period, bank branches per 100,000 adults in Madagascar peaked at 2.51 in 2020 and was at its lowest, 1.11, in 2005.
Madagascar ranks 171st of 185 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Bank branches per 100,000 adults in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 1.12 | — |
| 2005 | 1.11 | -0.6% |
| 2006 | 1.14 | +1.9% |
| 2007 | 1.27 | +11.5% |
| 2008 | 1.33 | +5.3% |
| 2009 | 1.41 | +5.8% |
| 2010 | 1.46 | +3.8% |
| 2011 | 1.53 | +4.5% |
| 2012 | 1.61 | +5.4% |
| 2013 | 1.68 | +4.1% |
| 2014 | 1.9 | +13.2% |
| 2015 | 2.06 | +8.6% |
| 2016 | 2.2 | +6.7% |
| 2017 | 2.32 | +5.2% |
| 2018 | 2.38 | +2.7% |
| 2019 | 2.46 | +3.2% |
| 2020 | 2.51 | +2.3% |
Madagascar compared with similar countries
- Madagascar's 2.51 is below the median for low income countries, which is 2.74, 92% of the median. (22 countries reporting)
- Madagascar's 2.51 is below the median for Sub-Saharan Africa, which is 4.08, 62% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.23 | 1.11 | 1.41 | 6 |
| 2010s | 1.96 | 1.46 | 2.46 | 10 |
| 2020s | 2.51 | 2.51 | 2.51 | 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 branches per 100,000 adults in Madagascar?
- Bank branches per 100,000 adults in Madagascar was 2.51 in 2020, according to Financial Access Survey (FAS), International Monetary Fund (IMF).
- What is the highest bank branches per 100,000 adults recorded in Madagascar?
- The highest recorded value was 2.51 in 2020.
- What is the lowest bank branches per 100,000 adults recorded in Madagascar?
- The lowest recorded value was 1.11 in 2005.
- How does Madagascar rank for bank branches per 100,000 adults?
- Madagascar ranks 171st out of 185 countries with data for 2020.
- Is bank branches per 100,000 adults rising or falling in Madagascar?
- Over the last ten years it is up 71.5%. 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 branches per 100,000 adults. Statizoid updates them automatically from the source API.
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About this data
For each country calculated as: 100,000*reported number of depositors/adult population in the reporting country.