Borrowers from commercial banks (per 1,000 adults) in Madagascar
Madagascar: Borrowers from commercial banks (per 1,000 adults) 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 70th of 113 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 (per 1,000 adults) 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% |
Madagascar compared with similar countries
- Madagascar's 121.6 per 1,000 adults is above the median for low income countries, which is 12.66 per 1,000 adults, 9.6× the median. (15 countries reporting)
- Madagascar's 121.6 per 1,000 adults is above the median for Sub-Saharan Africa, which is 55.43 per 1,000 adults, 2.2× the median. (35 countries reporting)
Biggest year-on-year movements
Years where Borrowers from commercial banks (per 1,000 adults) in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +98.9% | 30.51 per 1,000 adults | 60.67 per 1,000 adults |
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
- 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 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 70th out of 113 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.
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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.