Borrowers from commercial banks in Madagascar
Madagascar: Borrowers from commercial banks was 121.6 per 1,000 adults in 2024. ◆ Volatile
Borrowers from commercial banks in Madagascar, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
In 2024, borrowers from commercial banks in Madagascar stood at 121.6 per 1,000 adults. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 22.7% on the previous year and up 335.9% over ten years.
Over the whole period, borrowers from commercial banks in Madagascar peaked at 121.6 per 1,000 adults in 2024 and was at its lowest, 9.41 per 1,000 adults, in 2004.
Madagascar ranks 69th of 112 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Borrowers from commercial banks in Madagascar, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 9.41 per 1,000 adults | — |
| 2005 | 12.73 per 1,000 adults | +35.3% |
| 2006 | 12.8 per 1,000 adults | +0.5% |
| 2007 | 15.41 per 1,000 adults | +20.4% |
| 2008 | 18.99 per 1,000 adults | +23.3% |
| 2009 | 19.48 per 1,000 adults | +2.6% |
| 2010 | 19.68 per 1,000 adults | +1.0% |
| 2011 | 20.27 per 1,000 adults | +3.0% |
| 2012 | 20.58 per 1,000 adults | +1.6% |
| 2013 | 23.06 per 1,000 adults | +12.0% |
| 2014 | 27.9 per 1,000 adults | +21.0% |
| 2015 | 29.86 per 1,000 adults | +7.0% |
| 2016 | 27.62 per 1,000 adults | -7.5% |
| 2017 | 30.51 per 1,000 adults | +10.5% |
| 2018 | 60.67 per 1,000 adults | +98.9% |
| 2019 | 50.1 per 1,000 adults | -17.4% |
| 2020 | 52.31 per 1,000 adults | +4.4% |
| 2021 | 71.24 per 1,000 adults | +36.2% |
| 2022 | 94.22 per 1,000 adults | +32.3% |
| 2023 | 99.13 per 1,000 adults | +5.2% |
| 2024 | 121.6 per 1,000 adults | +22.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 14.8 per 1,000 adults | 9.41 per 1,000 adults | 19.48 per 1,000 adults | 6 |
| 2010s | 31.02 per 1,000 adults | 19.68 per 1,000 adults | 60.67 per 1,000 adults | 10 |
| 2020s | 87.7 per 1,000 adults | 52.31 per 1,000 adults | 121.6 per 1,000 adults | 5 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.84 % change on previous year (2024)
- Total reserves (gold at national valuation) (SDR), per capita 66.8 SDR per person (2024)
- 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)
Frequently asked questions
- What is borrowers from commercial banks in Madagascar?
- Borrowers from commercial banks in Madagascar was 121.6 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest borrowers from commercial banks recorded in Madagascar?
- The highest recorded value was 121.6 per 1,000 adults in 2024.
- What is the lowest borrowers from commercial banks recorded in Madagascar?
- The lowest recorded value was 9.41 per 1,000 adults in 2004.
- How does Madagascar rank for borrowers from commercial banks?
- Madagascar ranks 69th out of 112 countries with data for 2024.
- Is borrowers from commercial banks rising or falling in Madagascar?
- Over the last ten years it is up 335.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Borrowers from commercial banks (per 1,000 adults). 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
Borrowers from commercial banks are the reported number of resident customers that are nonfinancial corporations (public and private) and households who obtained loans from commercial banks and other banks functioning as commercial banks.