Broad money to total reserves ratio in Madagascar
Madagascar: Broad money to total reserves ratio was 1.72 in 2024. ◆ Volatile
Broad money to total reserves ratio in Madagascar, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
Madagascar recorded 1.72 for broad money to total reserves ratio in 2024.
That represents a change of up 5.4% on the previous year and down 50.0% over ten years.
Over the whole period, broad money to total reserves ratio in Madagascar peaked at 131.21 in 1979 and was at its lowest, 1.64, in 2023.
That places Madagascar 138th out of 159 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Broad money to total reserves ratio in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 1962 | 2.24 | — |
| 1963 | 2.61 | +16.6% |
| 1964 | 2.41 | -7.9% |
| 1965 | 2.63 | +9.4% |
| 1966 | 2.77 | +5.1% |
| 1967 | 3.84 | +38.9% |
| 1968 | 5.78 | +50.4% |
| 1969 | 9.48 | +63.9% |
| 1970 | 5.35 | -43.5% |
| 1971 | 4.56 | -14.8% |
| 1972 | 4.97 | +9.0% |
| 1973 | 4.49 | -9.6% |
| 1974 | 6.91 | +53.7% |
| 1975 | 10.98 | +58.9% |
| 1976 | 9.64 | -12.2% |
| 1977 | 6.51 | -32.4% |
| 1978 | 9.55 | +46.6% |
| 1979 | 131.21 | +1273.9% |
| 1980 | 88.23 | -32.8% |
| 1981 | 29.17 | -66.9% |
| 1982 | 32.79 | +12.4% |
| 1983 | 16.54 | -49.6% |
| 1984 | 7.6 | -54.1% |
| 1985 | 9.11 | +19.9% |
| 1986 | 4.74 | -48.0% |
| 1987 | 2.2 | -53.7% |
| 1988 | 1.69 | -23.0% |
| 1989 | 1.81 | +7.0% |
| 1990 | 5.41 | +198.6% |
| 1991 | 5.98 | +10.6% |
| 1992 | 7.58 | +26.7% |
| 1993 | 9.6 | +26.7% |
| 1994 | 10.28 | +7.1% |
| 1995 | 5.65 | -45.1% |
| 1996 | 3.11 | -44.9% |
| 1997 | 2.57 | -17.6% |
| 1998 | 4.19 | +63.3% |
| 1999 | 3.26 | -22.1% |
| 2000 | 2.83 | -13.3% |
| 2001 | 2.57 | -8.9% |
| 2002 | 2.94 | +14.2% |
| 2003 | 3.09 | +5.3% |
| 2004 | 2.11 | -31.7% |
| 2005 | 2.11 | -0.2% |
| 2006 | 2.13 | +1.0% |
| 2007 | 2.03 | -4.5% |
| 2008 | 2.16 | +6.1% |
| 2009 | 2.08 | -3.8% |
| 2010 | 2.08 | +0.4% |
| 2011 | 2.27 | +8.8% |
| 2012 | 2.43 | +7.0% |
| 2013 | 3.39 | +39.8% |
| 2014 | 3.44 | +1.5% |
| 2015 | 3.07 | -10.8% |
| 2016 | 2.36 | -23.1% |
| 2017 | 2.1 | -10.9% |
| 2018 | 2.03 | -3.8% |
| 2019 | 2.05 | +1.3% |
| 2020 | 1.86 | -9.3% |
| 2021 | 1.73 | -6.9% |
| 2022 | 1.99 | +15.0% |
| 2023 | 1.64 | -17.9% |
| 2024 | 1.72 | +5.4% |
Madagascar compared with similar countries
- Madagascar's 1.72 is below the median for low income countries, which is 3.37, 51% of the median. (20 countries reporting)
- Madagascar's 1.72 is below the median for Sub-Saharan Africa, which is 3.19, 54% of the median. (40 countries reporting)
Biggest year-on-year movements
Years where Broad money to total reserves ratio 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 |
|---|---|---|---|
| 1979 | +1273.9% | 9.55 | 131.21 |
| 1990 | +198.6% | 1.81 | 5.41 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.97 | 2.24 | 9.48 | 8 |
| 1970s | 19.42 | 4.49 | 131.21 | 10 |
| 1980s | 19.39 | 1.69 | 88.23 | 10 |
| 1990s | 5.76 | 2.57 | 10.28 | 10 |
| 2000s | 2.4 | 2.03 | 3.09 | 10 |
| 2010s | 2.52 | 2.03 | 3.44 | 10 |
| 2020s | 1.79 | 1.64 | 1.99 | 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 to total reserves ratio in Madagascar?
- Broad money to total reserves ratio in Madagascar was 1.72 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Madagascar?
- The highest recorded value was 131.21 in 1979.
- What is the lowest broad money to total reserves ratio recorded in Madagascar?
- The lowest recorded value was 1.64 in 2023.
- How does Madagascar rank for broad money to total reserves ratio?
- Madagascar ranks 138th out of 159 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Madagascar?
- Over the last ten years it is down 50.0%. 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 to total reserves ratio. 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. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).