External loans and deposits of reporting banks vis-à-vis all sectors in Madagascar
Madagascar: External loans and deposits of reporting banks vis-à-vis all sectors was 39.0% in 2021. ▼ Falling
External loans and deposits of reporting banks vis-à-vis all sectors in Madagascar, 1995–2021
Source: Bank for International Settlements (BIS). Measured in % of domestic bank deposits.
Analysis
The most recent figure for external loans and deposits of reporting banks vis-à-vis all sectors in Madagascar is 39.0%, measured in 2021. That is the lowest value across all 27 years on record.
Compared with earlier readings it is down 12.8% on the previous year and down 25.3% over ten years.
Over the whole period, external loans and deposits of reporting banks vis-à-vis all sectors in Madagascar peaked at 138.2% in 1997 and was at its lowest, 39.0%, in 2021.
That places Madagascar 56th out of 181 countries with data for 2021, putting it in the middle of the range.
The long-run direction has been consistently falling across the 27 years of available data.
External loans and deposits of reporting banks vis-à-vis all sectors in Madagascar, year by year
| Year | % of domestic bank deposits | Change |
|---|---|---|
| 1995 | 117.7% | — |
| 1996 | 110.1% | -6.5% |
| 1997 | 138.2% | +25.6% |
| 1998 | 113.7% | -17.8% |
| 1999 | 114.5% | +0.7% |
| 2000 | 102.3% | -10.7% |
| 2001 | 102.4% | +0.1% |
| 2002 | 109.1% | +6.5% |
| 2003 | 91.6% | -16.0% |
| 2004 | 88.6% | -3.3% |
| 2005 | 129.3% | +45.9% |
| 2006 | 123.2% | -4.8% |
| 2007 | 122.7% | -0.4% |
| 2008 | 66.9% | -45.4% |
| 2009 | 100.3% | +49.8% |
| 2010 | 70.3% | -29.9% |
| 2011 | 52.2% | -25.7% |
| 2012 | 52.0% | -0.4% |
| 2013 | 43.8% | -15.8% |
| 2014 | 46.8% | +6.9% |
| 2015 | 52.7% | +12.6% |
| 2016 | 81.1% | +54.0% |
| 2017 | 44.5% | -45.2% |
| 2018 | 47.1% | +5.8% |
| 2019 | 41.4% | -12.1% |
| 2020 | 44.7% | +8.1% |
| 2021 | 39.0% | -12.8% |
Madagascar compared with similar countries
- Madagascar's 39.0% is above the median for low income countries, which is 26.5%, 1.5× the median. (22 countries reporting)
- Madagascar's 39.0% is above the median for Sub-Saharan Africa, which is 27.1%, 1.4× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 118.8% | 110.1% | 138.2% | 5 |
| 2000s | 103.6% | 66.9% | 129.3% | 10 |
| 2010s | 53.2% | 41.4% | 81.1% | 10 |
| 2020s | 41.8% | 39.0% | 44.7% | 2 |
Countries ranked near Madagascar
- 53 Guinea-Bissau 40.2% compare
- 54 Zimbabwe 39.9% compare
- 55 Azerbaijan 39.6% compare
- 57 Norway 38.8% compare
- 58 Trinidad and Tobago 37.6% compare
- 59 Central African Republic 37.4% 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 external loans and deposits of reporting banks vis-à-vis all sectors in Madagascar?
- External loans and deposits of reporting banks vis-à-vis all sectors in Madagascar was 39.0% in 2021, according to Bank for International Settlements (BIS).
- What is the highest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Madagascar?
- The highest recorded value was 138.2% in 1997.
- What is the lowest external loans and deposits of reporting banks vis-à-vis all sectors recorded in Madagascar?
- The lowest recorded value was 39.0% in 2021.
- How does Madagascar rank for external loans and deposits of reporting banks vis-à-vis all sectors?
- Madagascar ranks 56th out of 181 countries with data for 2021.
- Is external loans and deposits of reporting banks vis-à-vis all sectors rising or falling in Madagascar?
- Over the last ten years it is down 25.3%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from Bank for International Settlements (BIS), published as part of External loans and deposits of reporting banks vis-à-vis all sectors (% of domestic bank deposits). Statizoid updates them automatically from the source API.
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About this data
Data is from BIS Statistical Appendix Table 7A: External loans and deposits of reporting banks vis-à-vis all sectors; bank deposits from IFS (IFS lines 24 and 25). End of year data (i.e. December data) are used.