Deposit interest rate (%) in Madagascar
Madagascar: Deposit interest rate (%) was 12.1% in 2025. ▼ Falling
Deposit interest rate in Madagascar, 1989–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Madagascar recorded 12.1% for deposit interest rate in 2025.
That represents a change of down 4.0% on the previous year and down 17.7% over ten years.
Over the whole period, deposit interest rate in Madagascar peaked at 20.5% in 1990 and was at its lowest, 8.2%, in 1998.
That places Madagascar 11th out of 153 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently falling across the 37 years of available data.
Deposit interest rate (%) in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 17.8% | — |
| 1990 | 20.5% | +15.5% |
| 1991 | 20.5% | +0.0% |
| 1992 | 20.5% | +0.0% |
| 1993 | 20.0% | -2.4% |
| 1994 | 19.5% | -2.5% |
| 1995 | 17.6% | -9.6% |
| 1996 | 19.4% | +10.3% |
| 1997 | 14.4% | -25.9% |
| 1998 | 8.2% | -42.7% |
| 1999 | 11.1% | +34.3% |
| 2000 | 15.1% | +36.1% |
| 2001 | 13.3% | -12.0% |
| 2002 | 12.0% | -9.6% |
| 2003 | 11.8% | -2.0% |
| 2004 | 12.6% | +7.1% |
| 2005 | 16.4% | +30.0% |
| 2006 | 19.8% | +20.9% |
| 2007 | 16.5% | -16.7% |
| 2008 | 13.2% | -19.7% |
| 2009 | 11.4% | -14.1% |
| 2010 | 10.3% | -9.6% |
| 2011 | 10.7% | +3.5% |
| 2012 | 10.4% | -2.3% |
| 2013 | 10.1% | -2.4% |
| 2014 | 11.0% | +8.0% |
| 2015 | 14.7% | +33.9% |
| 2016 | 15.0% | +2.3% |
| 2017 | 15.0% | +0.0% |
| 2018 | 12.8% | -15.0% |
| 2019 | 13.0% | +2.0% |
| 2020 | 13.2% | +1.4% |
| 2021 | 13.8% | +4.3% |
| 2022 | 13.4% | -2.7% |
| 2023 | 13.0% | -2.8% |
| 2024 | 12.6% | -3.2% |
| 2025 | 12.1% | -4.0% |
Madagascar compared with similar countries
- Madagascar's 12.1% is above the median for low income countries, which is 6.9%, 1.7× the median. (18 countries reporting)
- Madagascar's 12.1% is above the median for Sub-Saharan Africa, which is 5.7%, 2.1× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.8% | 17.8% | 17.8% | 1 |
| 1990s | 17.2% | 8.2% | 20.5% | 10 |
| 2000s | 14.2% | 11.4% | 19.8% | 10 |
| 2010s | 12.3% | 10.1% | 15.0% | 10 |
| 2020s | 13.0% | 12.1% | 13.8% | 6 |
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 deposit interest rate in Madagascar?
- Deposit interest rate in Madagascar was 12.1% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest deposit interest rate recorded in Madagascar?
- The highest recorded value was 20.5% in 1990.
- What is the lowest deposit interest rate recorded in Madagascar?
- The lowest recorded value was 8.2% in 1998.
- How does Madagascar rank for deposit interest rate?
- Madagascar ranks 11th out of 153 countries with data for 2025.
- Is deposit interest rate rising or falling in Madagascar?
- Over the last ten years it is down 17.7%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Deposit interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.