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 169 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.
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
- Domestic credit to private sector by banks 16.3% (2024)
- Total reserves in months of imports 5.5 (2024)
- Net domestic credit 17.77 trillion current LCU (2024)
- Net foreign assets 10.30 trillion current LCU (2024)
- Monetary Sector credit to private sector 16.5% (2024)
- Broad money 27.3% (2024)
- Claims on central government, etc. 5.7% (2024)
- Domestic credit to private sector 16.5% (2024)
- Official exchange rate 4,530 LCU per US$, period average (2025)
- Net migration -2,227 (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 169 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.