Depositors with commercial banks in Madagascar
Madagascar: Depositors with commercial banks was 466.59 per 1,000 adults in 2024. ◆ Volatile
Depositors with commercial banks in Madagascar, 2004–2024
Source: Financial Access Survey, International Monetary Fund (IMF). Measured in per 1,000 adults.
Analysis
The most recent figure for depositors with commercial banks in Madagascar is 466.59 per 1,000 adults, measured in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 8.1% on the previous year and up 709.6% over ten years.
Over the whole period, depositors with commercial banks in Madagascar peaked at 466.59 per 1,000 adults in 2024 and was at its lowest, 17.83 per 1,000 adults, in 2004.
Madagascar ranks 70th of 104 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Depositors with commercial banks in Madagascar, year by year
| Year | per 1,000 adults | Change |
|---|---|---|
| 2004 | 17.83 per 1,000 adults | — |
| 2005 | 19.33 per 1,000 adults | +8.4% |
| 2006 | 21.03 per 1,000 adults | +8.8% |
| 2007 | 25.45 per 1,000 adults | +21.0% |
| 2008 | 35.5 per 1,000 adults | +39.5% |
| 2009 | 38.17 per 1,000 adults | +7.5% |
| 2010 | 102.27 per 1,000 adults | +168.0% |
| 2011 | 50.2 per 1,000 adults | -50.9% |
| 2012 | 51.72 per 1,000 adults | +3.0% |
| 2013 | 56.89 per 1,000 adults | +10.0% |
| 2014 | 57.63 per 1,000 adults | +1.3% |
| 2015 | 70.34 per 1,000 adults | +22.1% |
| 2016 | 69.23 per 1,000 adults | -1.6% |
| 2017 | 76.48 per 1,000 adults | +10.5% |
| 2018 | 82.65 per 1,000 adults | +8.1% |
| 2019 | 94.51 per 1,000 adults | +14.4% |
| 2020 | 102.68 per 1,000 adults | +8.6% |
| 2021 | 269.68 per 1,000 adults | +162.6% |
| 2022 | 312.36 per 1,000 adults | +15.8% |
| 2023 | 431.51 per 1,000 adults | +38.1% |
| 2024 | 466.59 per 1,000 adults | +8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26.22 per 1,000 adults | 17.83 per 1,000 adults | 38.17 per 1,000 adults | 6 |
| 2010s | 71.19 per 1,000 adults | 50.2 per 1,000 adults | 102.27 per 1,000 adults | 10 |
| 2020s | 316.56 per 1,000 adults | 102.68 per 1,000 adults | 466.59 per 1,000 adults | 5 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- Net domestic credit (current LCU), per capita 555,983 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,010 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 14.89 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 2.08 billion SDR (2024)
- Reserves excluding gold 2.14 billion SDR (2024)
- Total reserves (gold at market value) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 66.8 SDR per person (2024)
- Total reserves (gold at national valuation) (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 depositors with commercial banks in Madagascar?
- Depositors with commercial banks in Madagascar was 466.59 per 1,000 adults in 2024, according to Financial Access Survey, International Monetary Fund (IMF).
- What is the highest depositors with commercial banks recorded in Madagascar?
- The highest recorded value was 466.59 per 1,000 adults in 2024.
- What is the lowest depositors with commercial banks recorded in Madagascar?
- The lowest recorded value was 17.83 per 1,000 adults in 2004.
- How does Madagascar rank for depositors with commercial banks?
- Madagascar ranks 70th out of 104 countries with data for 2024.
- Is depositors with commercial banks rising or falling in Madagascar?
- Over the last ten years it is up 709.6%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Financial Access Survey, International Monetary Fund (IMF), published as part of Depositors with commercial banks (per 1,000 adults). Statizoid updates them automatically from the source API.
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About this data
Depositors with commercial banks are the reported number of deposit account holders, including both resident non-financial corporations (both public and private) and individuals from the household sector, at commercial banks within the reporting jurisdiction for every 1,000 adults. The major types of deposits are checking accounts, savings accounts, and time deposits.