Broad money growth (annual %) in Madagascar
Madagascar: Broad money growth (annual %) was 13.9% in 2024. ◆ Volatile
Broad money growth in Madagascar, 1963–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in annual %.
Analysis
The most recent figure for broad money growth in Madagascar is 13.9%, measured in 2024.
The figure is up 69.6% on the previous year and up 29.4% over ten years.
Over the whole period, broad money growth in Madagascar peaked at 52.6% in 1994 and was at its lowest, -9.1%, in 1983.
That places Madagascar 47th out of 167 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money growth (annual %) in Madagascar, year by year
| Year | annual % | Change |
|---|---|---|
| 1963 | 4.0% | — |
| 1964 | 9.9% | +151.0% |
| 1965 | 6.9% | -30.9% |
| 1966 | 8.5% | +24.2% |
| 1967 | 15.7% | +84.2% |
| 1968 | 7.3% | -53.6% |
| 1969 | 9.3% | +27.7% |
| 1970 | 15.6% | +68.1% |
| 1971 | 6.1% | -60.7% |
| 1972 | 11.8% | +91.5% |
| 1973 | 3.9% | -66.5% |
| 1974 | 20.8% | +428.1% |
| 1975 | 1.9% | -91.0% |
| 1976 | 16.0% | +754.2% |
| 1977 | 13.6% | -14.6% |
| 1978 | 15.7% | +15.1% |
| 1979 | 10.2% | -34.9% |
| 1980 | 20.6% | +101.7% |
| 1981 | 23.9% | +16.2% |
| 1982 | 8.9% | -62.8% |
| 1983 | -9.1% | -202.2% |
| 1984 | 24.0% | -364.2% |
| 1985 | 13.3% | -44.8% |
| 1986 | 25.6% | +93.1% |
| 1987 | 18.4% | -28.0% |
| 1988 | 22.4% | +21.6% |
| 1989 | 33.7% | +50.1% |
| 1990 | 4.5% | -86.7% |
| 1991 | 31.1% | +594.2% |
| 1992 | 22.3% | -28.4% |
| 1993 | 24.2% | +8.8% |
| 1994 | 52.6% | +117.0% |
| 1995 | 16.2% | -69.1% |
| 1996 | 16.0% | -1.6% |
| 1997 | 20.8% | +30.5% |
| 1998 | 6.2% | -70.3% |
| 1999 | 19.2% | +209.7% |
| 2000 | 17.2% | -10.6% |
| 2001 | 23.8% | +38.9% |
| 2002 | 8.0% | -66.6% |
| 2003 | 8.8% | +10.8% |
| 2004 | 25.2% | +186.2% |
| 2005 | 2.2% | -91.1% |
| 2006 | 30.9% | +1276.1% |
| 2007 | 21.3% | -31.1% |
| 2008 | 12.2% | -42.6% |
| 2009 | 10.1% | -17.4% |
| 2010 | 11.8% | +16.3% |
| 2011 | 16.9% | +44.1% |
| 2012 | 7.6% | -55.3% |
| 2013 | 3.6% | -51.8% |
| 2014 | 10.8% | +195.5% |
| 2015 | 16.5% | +53.3% |
| 2016 | 18.5% | +11.8% |
| 2017 | 18.1% | -2.1% |
| 2018 | 12.0% | -33.9% |
| 2019 | 7.0% | -41.6% |
| 2020 | 11.0% | +58.3% |
| 2021 | 10.9% | -1.0% |
| 2022 | 13.7% | +25.6% |
| 2023 | 8.2% | -40.1% |
| 2024 | 13.9% | +69.6% |
Madagascar compared with similar countries
- Madagascar's 13.9% is above the median for low income countries, which is 13.7%, 1.0× the median. (24 countries reporting)
- Madagascar's 13.9% is above the median for Sub-Saharan Africa, which is 12.5%, 1.1× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Broad money growth (annual %) 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 |
|---|---|---|---|
| 2006 | +1276.1% | 2.2% | 30.9% |
| 1976 | +754.2% | 1.9% | 16.0% |
| 1991 | +594.2% | 4.5% | 31.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 8.8% | 4.0% | 15.7% | 7 |
| 1970s | 11.6% | 1.9% | 20.8% | 10 |
| 1980s | 18.2% | -9.1% | 33.7% | 10 |
| 1990s | 21.3% | 4.5% | 52.6% | 10 |
| 2000s | 16.0% | 2.2% | 30.9% | 10 |
| 2010s | 12.3% | 3.6% | 18.5% | 10 |
| 2020s | 11.6% | 8.2% | 13.9% | 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 broad money growth in Madagascar?
- Broad money growth in Madagascar was 13.9% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money growth recorded in Madagascar?
- The highest recorded value was 52.6% in 1994.
- What is the lowest broad money growth recorded in Madagascar?
- The lowest recorded value was -9.1% in 1983.
- How does Madagascar rank for broad money growth?
- Madagascar ranks 47th out of 167 countries with data for 2024.
- Is broad money growth rising or falling in Madagascar?
- Over the last ten years it is up 29.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.