Currency in circulation outside of depository corporations in Madagascar
Madagascar: Currency in circulation outside of depository corporations was 5.59 trillion Domestic currency in 2024. ◆ Volatile
Currency in circulation outside of depository corporations in Madagascar, 2006–2024
Source: International Monetary Fund. Measured in Domestic currency.
Analysis
The most recent figure for currency in circulation outside of depository corporations in Madagascar is 5.59 trillion Domestic currency, measured in 2024. That is the highest value across all 19 years on record.
Compared with earlier readings it is up 11.3% on the previous year and up 208.8% over ten years.
Over the whole period, currency in circulation outside of depository corporations in Madagascar peaked at 5.59 trillion Domestic currency in 2024 and was at its lowest, 713.23 billion Domestic currency, in 2006.
That places Madagascar 20th out of 145 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Currency in circulation outside of depository corporations in Madagascar, year by year
| Year | Domestic currency | Change |
|---|---|---|
| 2006 | 713.23 billion Domestic currency | — |
| 2007 | 838.77 billion Domestic currency | +17.6% |
| 2008 | 934.72 billion Domestic currency | +11.4% |
| 2009 | 1.01 trillion Domestic currency | +8.0% |
| 2010 | 1.17 trillion Domestic currency | +15.5% |
| 2011 | 1.47 trillion Domestic currency | +25.9% |
| 2012 | 1.51 trillion Domestic currency | +2.7% |
| 2013 | 1.59 trillion Domestic currency | +5.7% |
| 2014 | 1.81 trillion Domestic currency | +13.6% |
| 2015 | 2.10 trillion Domestic currency | +16.1% |
| 2016 | 2.62 trillion Domestic currency | +24.5% |
| 2017 | 3.09 trillion Domestic currency | +17.9% |
| 2018 | 3.37 trillion Domestic currency | +9.2% |
| 2019 | 3.29 trillion Domestic currency | -2.3% |
| 2020 | 3.55 trillion Domestic currency | +7.9% |
| 2021 | 4.10 trillion Domestic currency | +15.3% |
| 2022 | 4.50 trillion Domestic currency | +9.8% |
| 2023 | 5.02 trillion Domestic currency | +11.7% |
| 2024 | 5.59 trillion Domestic currency | +11.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 873.99 billion Domestic currency | 713.23 billion Domestic currency | 1.01 trillion Domestic currency | 4 |
| 2010s | 2.20 trillion Domestic currency | 1.17 trillion Domestic currency | 3.37 trillion Domestic currency | 10 |
| 2020s | 4.55 trillion Domestic currency | 3.55 trillion Domestic currency | 5.59 trillion Domestic currency | 5 |
Countries ranked near Madagascar
- 17 Hungary 8.61 trillion Domestic currency compare
- 18 Tanzania, United Republic of 6.49 trillion Domestic currency compare
- 19 Côte d'Ivoire 6.14 trillion Domestic currency compare
- 21 Kazakhstan 4.37 trillion Domestic currency compare
- 22 Nigeria 3.43 trillion Domestic currency compare
- 23 Senegal 3.37 trillion Domestic currency compare
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 currency in circulation outside of depository corporations in Madagascar?
- Currency in circulation outside of depository corporations in Madagascar was 5.59 trillion Domestic currency in 2024, according to International Monetary Fund.
- What is the highest currency in circulation outside of depository corporations recorded in Madagascar?
- The highest recorded value was 5.59 trillion Domestic currency in 2024.
- What is the lowest currency in circulation outside of depository corporations recorded in Madagascar?
- The lowest recorded value was 713.23 billion Domestic currency in 2006.
- How does Madagascar rank for currency in circulation outside of depository corporations?
- Madagascar ranks 20th out of 145 countries with data for 2024.
- Is currency in circulation outside of depository corporations rising or falling in Madagascar?
- Over the last ten years it is up 208.8%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Currency in circulation outside of depository corporations (Domestic currency). Statizoid updates them automatically from the source API.
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About this data
Monetary and Financial Statistics (MFS), Monetary Aggregates 2026 April