Bank concentration (%) in Madagascar
Madagascar: Bank concentration (%) was 81.8% in 2020. ▼ Falling
Bank concentration in Madagascar, 2000–2020
Source: Bankscope, Bureau van Dijk (BvD). Measured in %.
Analysis
The most recent figure for bank concentration in Madagascar is 81.8%, measured in 2020.
That represents a change of up 10.3% on the previous year and down 18.2% over ten years.
Over the whole period, bank concentration in Madagascar peaked at 100.0% in 2010 and was at its lowest, 72.0%, in 2018.
Madagascar ranks 58th of 170 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 21 years of available data.
Bank concentration (%) in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 87.4% | — |
| 2001 | 86.6% | -0.9% |
| 2002 | 86.9% | +0.3% |
| 2003 | 87.0% | +0.1% |
| 2004 | 86.8% | -0.2% |
| 2005 | 87.4% | +0.8% |
| 2006 | 88.1% | +0.7% |
| 2007 | 94.0% | +6.7% |
| 2008 | 89.7% | -4.5% |
| 2009 | 89.1% | -0.7% |
| 2010 | 100.0% | +12.3% |
| 2011 | 93.1% | -6.9% |
| 2012 | 93.6% | +0.5% |
| 2013 | 93.3% | -0.3% |
| 2014 | 92.9% | -0.4% |
| 2015 | 72.7% | -21.8% |
| 2016 | 73.0% | +0.4% |
| 2017 | 72.7% | -0.4% |
| 2018 | 72.0% | -0.9% |
| 2019 | 74.2% | +3.0% |
| 2020 | 81.8% | +10.3% |
Madagascar compared with similar countries
- Madagascar's 81.8% is above the median for low income countries, which is 77.9%, 1.1× the median. (20 countries reporting)
- Madagascar's 81.8% is above the median for Sub-Saharan Africa, which is 77.1%, 1.1× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 88.3% | 86.6% | 94.0% | 10 |
| 2010s | 83.8% | 72.0% | 100.0% | 10 |
| 2020s | 81.8% | 81.8% | 81.8% | 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 concentration in Madagascar?
- Bank concentration in Madagascar was 81.8% in 2020, according to Bankscope, Bureau van Dijk (BvD).
- What is the highest bank concentration recorded in Madagascar?
- The highest recorded value was 100.0% in 2010.
- What is the lowest bank concentration recorded in Madagascar?
- The lowest recorded value was 72.0% in 2018.
- How does Madagascar rank for bank concentration?
- Madagascar ranks 58th out of 170 countries with data for 2020.
- Is bank concentration rising or falling in Madagascar?
- Over the last ten years it is down 18.2%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from Bankscope, Bureau van Dijk (BvD), published as part of Bank concentration (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Raw data are from Bankscope. (Sum(data2025) for three largest banks in Bankscope) / (Sum(data2025) for all banks in Bankscope). Only reported if number of banks in Bankscope is 3 or more. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.