Financial Institutions Access Index in Madagascar
Madagascar: Financial Institutions Access Index was 0.0422 in 2020. ▲ Rising
Financial Institutions Access Index in Madagascar, 1980–2020
Source: International Monetary Fund.
Analysis
In 2020, financial institutions access index in Madagascar stood at 0.0422. That is the highest value across all 41 years on record.
The figure is up 2.3% on the previous year and up 85.9% over ten years.
Over the whole period, financial institutions access index in Madagascar peaked at 0.0422 in 2020 and was at its lowest, 0.0103, in 1999.
That places Madagascar 171st out of 183 countries with data for 2020, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 41 years of available data.
Financial Institutions Access Index in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 1980 | 0.0191 | — |
| 1981 | 0.018 | -5.8% |
| 1982 | 0.0168 | -6.4% |
| 1983 | 0.0165 | -2.1% |
| 1984 | 0.0182 | +10.5% |
| 1985 | 0.0195 | +7.0% |
| 1986 | 0.0195 | +0.3% |
| 1987 | 0.0197 | +0.7% |
| 1988 | 0.0158 | -19.6% |
| 1989 | 0.0155 | -2.2% |
| 1990 | 0.0149 | -3.6% |
| 1991 | 0.0159 | +6.5% |
| 1992 | 0.0163 | +2.8% |
| 1993 | 0.0153 | -6.5% |
| 1994 | 0.0134 | -12.5% |
| 1995 | 0.0123 | -8.3% |
| 1996 | 0.012 | -2.4% |
| 1997 | 0.0115 | -3.9% |
| 1998 | 0.0104 | -9.7% |
| 1999 | 0.0103 | -1.2% |
| 2000 | 0.012 | +16.6% |
| 2001 | 0.0111 | -6.8% |
| 2002 | 0.0117 | +5.2% |
| 2003 | 0.0118 | +1.0% |
| 2004 | 0.0139 | +17.0% |
| 2005 | 0.0151 | +9.3% |
| 2006 | 0.0161 | +6.4% |
| 2007 | 0.0187 | +16.1% |
| 2008 | 0.0205 | +9.4% |
| 2009 | 0.0218 | +6.6% |
| 2010 | 0.0227 | +4.1% |
| 2011 | 0.0242 | +6.5% |
| 2012 | 0.0258 | +6.6% |
| 2013 | 0.0269 | +4.4% |
| 2014 | 0.0305 | +13.4% |
| 2015 | 0.0334 | +9.5% |
| 2016 | 0.0362 | +8.2% |
| 2017 | 0.0386 | +6.6% |
| 2018 | 0.0399 | +3.5% |
| 2019 | 0.0413 | +3.5% |
| 2020 | 0.0422 | +2.3% |
Madagascar compared with similar countries
- Madagascar's 0.0422 is below the median for low income countries, which is 0.0457, 92% of the median. (22 countries reporting)
- Madagascar's 0.0422 is below the median for Sub-Saharan Africa, which is 0.0774, 55% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.0179 | 0.0155 | 0.0197 | 10 |
| 1990s | 0.0132 | 0.0103 | 0.0163 | 10 |
| 2000s | 0.0153 | 0.0111 | 0.0218 | 10 |
| 2010s | 0.0319 | 0.0227 | 0.0413 | 10 |
| 2020s | 0.0422 | 0.0422 | 0.0422 | 1 |
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 financial institutions access index in Madagascar?
- Financial institutions access index in Madagascar was 0.0422 in 2020, according to International Monetary Fund.
- What is the highest financial institutions access index recorded in Madagascar?
- The highest recorded value was 0.0422 in 2020.
- What is the lowest financial institutions access index recorded in Madagascar?
- The lowest recorded value was 0.0103 in 1999.
- How does Madagascar rank for financial institutions access index?
- Madagascar ranks 171st out of 183 countries with data for 2020.
- Is financial institutions access index rising or falling in Madagascar?
- Over the last ten years it is up 85.9%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Financial Institutions Access Index. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 41 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
The dataset contains nine indices that summarize how developed financial institutions and financial markets are in terms of their depth, access, and efficiency. These indices are aggregated into an overall index of financial development. With the coverage of over 180 countries on annual frequency from 1980 onwards, the database should offer a useful analytical tool for researchers and policy makers.