Domestic credit to private sector in Madagascar
Madagascar: Domestic credit to private sector was 16.5% in 2024. ▼ Falling
Domestic credit to private sector in Madagascar, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Madagascar recorded 16.5% for domestic credit to private sector in 2024.
That represents a change of down 2.7% on the previous year and up 41.2% over ten years.
Over the whole period, domestic credit to private sector in Madagascar peaked at 18.6% in 2022 and was at its lowest, 6.7%, in 2002.
That places Madagascar 153rd 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 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 | 8.8% | +3.4% |
| 2007 | 8.8% | -0.1% |
| 2008 | 9.7% | +10.6% |
| 2009 | 10.1% | +4.5% |
| 2010 | 10.9% | +7.2% |
| 2011 | 10.2% | -6.3% |
| 2012 | 10.1% | -0.6% |
| 2013 | 11.1% | +9.6% |
| 2014 | 11.7% | +5.3% |
| 2015 | 12.3% | +5.5% |
| 2016 | 11.9% | -3.4% |
| 2017 | 12.7% | +6.9% |
| 2018 | 13.0% | +2.1% |
| 2019 | 14.2% | +9.6% |
| 2020 | 16.4% | +15.5% |
| 2021 | 17.9% | +8.8% |
| 2022 | 18.6% | +4.3% |
| 2023 | 16.9% | -9.1% |
| 2024 | 16.5% | -2.7% |
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% | 10.1% | 10 |
| 2010s | 11.8% | 10.1% | 14.2% | 10 |
| 2020s | 17.3% | 16.4% | 18.6% | 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 in Madagascar?
- Domestic credit to private sector in Madagascar was 16.5% in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest domestic credit to private sector recorded in Madagascar?
- The highest recorded value was 18.6% in 2022.
- What is the lowest domestic credit to private sector recorded in Madagascar?
- The lowest recorded value was 6.7% in 2002.
- How does Madagascar rank for domestic credit to private sector?
- Madagascar ranks 153rd out of 187 countries with data for 2024.
- Is domestic credit to private sector rising or falling in Madagascar?
- Over the last ten years it is up 41.2%. 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 (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, 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. The financial corporations include monetary authorities and deposit money banks, as well as other financial corporations where data are available (including corporations that do not accept transferable deposits but do incur such liabilities as time and savings deposits). Examples of other financial corporations are finance and leasing companies, money lenders, insurance corporations, pension funds, and foreign exchange companies. 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.