Broad money in Madagascar
Madagascar: Broad money was 27.3% in 2024. ▲ Rising
Broad money in Madagascar, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, broad money in Madagascar stood at 27.3%.
The figure is up 1.7% on the previous year and up 28.2% over ten years.
Over the whole period, broad money in Madagascar peaked at 28.2% in 2020 and was at its lowest, 10.3%, in 1983.
Madagascar ranks 144th of 166 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 63 years of available data.
Broad money in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1962 | 14.5% | — |
| 1963 | 14.7% | +1.2% |
| 1964 | 15.3% | +4.0% |
| 1965 | 15.8% | +2.9% |
| 1966 | 15.8% | +0.5% |
| 1967 | 17.2% | +8.9% |
| 1968 | 17.1% | -0.5% |
| 1969 | 17.4% | +1.5% |
| 1970 | 17.9% | +2.7% |
| 1971 | 17.6% | -1.4% |
| 1972 | 19.4% | +9.9% |
| 1973 | 18.5% | -4.6% |
| 1974 | 17.8% | -3.6% |
| 1975 | 17.1% | -3.9% |
| 1976 | 18.6% | +8.8% |
| 1977 | 19.0% | +2.2% |
| 1978 | 21.2% | +11.3% |
| 1979 | 19.1% | -9.9% |
| 1980 | 15.4% | -19.2% |
| 1981 | 16.3% | +5.3% |
| 1982 | 13.7% | -15.8% |
| 1983 | 10.3% | -24.6% |
| 1984 | 11.5% | +11.1% |
| 1985 | 11.6% | +1.3% |
| 1986 | 12.5% | +7.6% |
| 1987 | 12.7% | +1.4% |
| 1988 | 11.9% | -6.3% |
| 1989 | 14.0% | +17.8% |
| 1990 | 12.7% | -9.4% |
| 1991 | 16.3% | +28.9% |
| 1992 | 17.2% | +5.5% |
| 1993 | 19.0% | +10.6% |
| 1994 | 20.9% | +9.8% |
| 1995 | 16.0% | -23.3% |
| 1996 | 15.2% | -5.2% |
| 1997 | 17.0% | +11.5% |
| 1998 | 16.3% | -3.8% |
| 1999 | 17.3% | +6.2% |
| 2000 | 17.4% | +0.5% |
| 2001 | 18.9% | +8.3% |
| 2002 | 19.9% | +5.8% |
| 2003 | 20.1% | +0.8% |
| 2004 | 21.0% | +4.4% |
| 2005 | 17.3% | -17.5% |
| 2006 | 19.4% | +12.1% |
| 2007 | 20.2% | +4.1% |
| 2008 | 19.8% | -2.1% |
| 2009 | 21.2% | +7.2% |
| 2010 | 21.4% | +0.8% |
| 2011 | 22.3% | +4.3% |
| 2012 | 22.1% | -1.0% |
| 2013 | 21.2% | -3.9% |
| 2014 | 21.3% | +0.4% |
| 2015 | 22.6% | +6.1% |
| 2016 | 23.6% | +4.6% |
| 2017 | 25.6% | +8.3% |
| 2018 | 25.6% | +0.2% |
| 2019 | 24.6% | -3.8% |
| 2020 | 28.2% | +14.6% |
| 2021 | 28.2% | -0.2% |
| 2022 | 28.0% | -0.5% |
| 2023 | 26.8% | -4.3% |
| 2024 | 27.3% | +1.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16.0% | 14.5% | 17.4% | 8 |
| 1970s | 18.6% | 17.1% | 21.2% | 10 |
| 1980s | 13.0% | 10.3% | 16.3% | 10 |
| 1990s | 16.8% | 12.7% | 20.9% | 10 |
| 2000s | 19.5% | 17.3% | 21.2% | 10 |
| 2010s | 23.0% | 21.2% | 25.6% | 10 |
| 2020s | 27.7% | 26.8% | 28.2% | 5 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- 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)
- Total reserves (gold at market value) (SDR), annual growth rate 8.84 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 66.8 SDR per person (2024)
Frequently asked questions
- What is broad money in Madagascar?
- Broad money in Madagascar was 27.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money recorded in Madagascar?
- The highest recorded value was 28.2% in 2020.
- What is the lowest broad money recorded in Madagascar?
- The lowest recorded value was 10.3% in 1983.
- How does Madagascar rank for broad money?
- Madagascar ranks 144th out of 166 countries with data for 2024.
- Is broad money rising or falling in Madagascar?
- Over the last ten years it is up 28.2%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.