Domestic credit to private sector by banks in Madagascar
Madagascar: Domestic credit to private sector by banks was 16.3% in 2024. ▼ Falling
Domestic credit to private sector by banks in Madagascar, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for domestic credit to private sector by banks in Madagascar is 16.3%, measured in 2024.
The figure is down 2.7% on the previous year and up 40.0% over ten years.
Over the whole period, domestic credit to private sector by banks in Madagascar peaked at 18.5% in 2022 and was at its lowest, 6.7%, in 2002.
That places Madagascar 151st out of 187 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 63 years of available data.
Domestic credit to private sector by banks in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1962 | 13.1% | — |
| 1963 | 14.0% | +7.0% |
| 1964 | 14.9% | +6.3% |
| 1965 | 13.6% | -8.8% |
| 1966 | 14.1% | +3.5% |
| 1967 | 15.6% | +10.7% |
| 1968 | 15.3% | -1.4% |
| 1969 | 15.0% | -2.0% |
| 1970 | 15.8% | +5.0% |
| 1971 | 16.5% | +4.7% |
| 1972 | 16.5% | -0.5% |
| 1973 | 15.2% | -8.0% |
| 1974 | 14.2% | -6.3% |
| 1975 | 13.7% | -3.7% |
| 1976 | 13.6% | -0.7% |
| 1977 | 14.9% | +9.7% |
| 1978 | 15.1% | +1.3% |
| 1979 | 16.3% | +8.1% |
| 1980 | 14.1% | -13.6% |
| 1981 | 13.3% | -5.8% |
| 1982 | 12.4% | -6.4% |
| 1983 | 12.2% | -2.1% |
| 1984 | 13.5% | +10.5% |
| 1985 | 14.4% | +7.0% |
| 1986 | 14.4% | +0.3% |
| 1987 | 14.5% | +0.7% |
| 1988 | 11.7% | -19.6% |
| 1989 | 11.4% | -2.2% |
| 1990 | 12.9% | +12.8% |
| 1991 | 14.3% | +10.6% |
| 1992 | 13.3% | -7.0% |
| 1993 | 13.7% | +2.9% |
| 1994 | 12.4% | -9.2% |
| 1995 | 9.5% | -23.6% |
| 1996 | 7.9% | -17.0% |
| 1997 | 8.3% | +5.4% |
| 1998 | 7.6% | -8.7% |
| 1999 | 7.2% | -4.7% |
| 2000 | 7.4% | +2.0% |
| 2001 | 7.0% | -5.1% |
| 2002 | 6.7% | -4.6% |
| 2003 | 7.5% | +13.2% |
| 2004 | 8.6% | +14.2% |
| 2005 | 8.5% | -1.3% |
| 2006 | 8.7% | +3.0% |
| 2007 | 8.7% | -0.2% |
| 2008 | 9.6% | +10.4% |
| 2009 | 9.9% | +3.0% |
| 2010 | 10.8% | +8.5% |
| 2011 | 10.1% | -6.5% |
| 2012 | 10.1% | -0.0% |
| 2013 | 11.0% | +9.6% |
| 2014 | 11.6% | +5.4% |
| 2015 | 12.3% | +5.6% |
| 2016 | 11.8% | -3.6% |
| 2017 | 12.6% | +6.6% |
| 2018 | 12.9% | +2.3% |
| 2019 | 14.0% | +8.7% |
| 2020 | 16.3% | +16.3% |
| 2021 | 17.8% | +8.9% |
| 2022 | 18.5% | +4.1% |
| 2023 | 16.7% | -9.5% |
| 2024 | 16.3% | -2.7% |
Madagascar compared with similar countries
- Madagascar's 16.3% is above the median for low income countries, which is 11.9%, 1.4× the median. (24 countries reporting)
- Madagascar's 16.3% is above the median for Sub-Saharan Africa, which is 15.6%, 1.0× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.4% | 13.1% | 15.6% | 8 |
| 1970s | 15.2% | 13.6% | 16.5% | 10 |
| 1980s | 13.2% | 11.4% | 14.5% | 10 |
| 1990s | 10.7% | 7.2% | 14.3% | 10 |
| 2000s | 8.3% | 6.7% | 9.9% | 10 |
| 2010s | 11.7% | 10.1% | 14.0% | 10 |
| 2020s | 17.1% | 16.3% | 18.5% | 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 domestic credit to private sector by banks in Madagascar?
- Domestic credit to private sector by banks in Madagascar was 16.3% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector by banks recorded in Madagascar?
- The highest recorded value was 18.5% in 2022.
- What is the lowest domestic credit to private sector by banks recorded in Madagascar?
- The lowest recorded value was 6.7% in 2002.
- How does Madagascar rank for domestic credit to private sector by banks?
- Madagascar ranks 151st out of 187 countries with data for 2024.
- Is domestic credit to private sector by banks rising or falling in Madagascar?
- Over the last ten years it is up 40.0%. 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 Domestic credit to private sector by banks (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector by banks refers to financial resources provided to the private sector by other depository corporations (deposit taking corporations except central banks), such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment. For some countries these claims include credit to public enterprises. 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.