Financial system deposits to GDP (%) in Madagascar
Madagascar: Financial system deposits to GDP (%) was 20.1% in 2021. ▲ Rising
Financial system deposits to GDP in Madagascar, 1962–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for financial system deposits to gdp in Madagascar is 20.1%, measured in 2021. That is the highest value across all 60 years on record.
The figure is up 1.4% on the previous year and up 33.3% over ten years.
Over the whole period, financial system deposits to gdp in Madagascar peaked at 20.1% in 2021 and was at its lowest, 5.4%, in 1962.
That places Madagascar 166th out of 185 countries with data for 2021, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Financial system deposits to GDP (%) in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1962 | 5.4% | — |
| 1963 | 5.9% | +8.0% |
| 1964 | 6.2% | +5.5% |
| 1965 | 6.5% | +4.5% |
| 1966 | 7.1% | +9.4% |
| 1967 | 8.0% | +12.8% |
| 1968 | 8.3% | +4.0% |
| 1969 | 9.0% | +8.4% |
| 1970 | 9.2% | +2.6% |
| 1971 | 9.6% | +4.0% |
| 1972 | 10.5% | +9.5% |
| 1973 | 10.0% | -4.5% |
| 1974 | 9.9% | -1.0% |
| 1975 | 9.2% | -7.7% |
| 1976 | 10.9% | +19.1% |
| 1977 | 11.8% | +7.8% |
| 1978 | 13.2% | +12.0% |
| 1979 | 11.8% | -10.3% |
| 1980 | 9.0% | -23.5% |
| 1981 | 9.8% | +8.4% |
| 1982 | 8.3% | -15.8% |
| 1983 | 6.5% | -21.3% |
| 1984 | 7.4% | +13.4% |
| 1985 | 7.7% | +4.1% |
| 1986 | 8.6% | +12.6% |
| 1987 | 8.6% | -0.7% |
| 1988 | 8.1% | -6.1% |
| 1989 | 9.7% | +20.8% |
| 1990 | 9.0% | -7.6% |
| 1991 | 11.5% | +28.1% |
| 1992 | 12.6% | +9.7% |
| 1993 | 14.2% | +12.2% |
| 1994 | 15.2% | +7.4% |
| 1995 | 11.4% | -25.4% |
| 1996 | 11.1% | -2.7% |
| 1997 | 12.2% | +10.7% |
| 1998 | 11.4% | -6.7% |
| 1999 | 12.0% | +4.8% |
| 2000 | 11.7% | -2.2% |
| 2001 | 12.8% | +9.6% |
| 2002 | 13.6% | +5.8% |
| 2003 | 13.6% | +0.2% |
| 2004 | 14.7% | +8.5% |
| 2005 | 12.2% | -17.2% |
| 2006 | 13.5% | +10.8% |
| 2007 | 14.1% | +4.4% |
| 2008 | 14.0% | -0.8% |
| 2009 | 15.4% | +9.6% |
| 2010 | 14.9% | -3.1% |
| 2011 | 15.0% | +1.0% |
| 2012 | 15.1% | +0.3% |
| 2013 | 14.5% | -4.0% |
| 2014 | 14.6% | +0.6% |
| 2015 | 15.2% | +4.6% |
| 2016 | 15.9% | +4.7% |
| 2017 | 17.8% | +11.9% |
| 2018 | 17.2% | -3.4% |
| 2019 | 17.4% | +0.8% |
| 2020 | 19.8% | +13.9% |
| 2021 | 20.1% | +1.4% |
Madagascar compared with similar countries
- Madagascar's 20.1% is below the median for low income countries, which is 20.5%, 98% of the median. (22 countries reporting)
- Madagascar's 20.1% is below the median for Sub-Saharan Africa, which is 23.8%, 84% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.0% | 5.4% | 9.0% | 8 |
| 1970s | 10.6% | 9.2% | 13.2% | 10 |
| 1980s | 8.4% | 6.5% | 9.8% | 10 |
| 1990s | 12.1% | 9.0% | 15.2% | 10 |
| 2000s | 13.6% | 11.7% | 15.4% | 10 |
| 2010s | 15.8% | 14.5% | 17.8% | 10 |
| 2020s | 19.9% | 19.8% | 20.1% | 2 |
Countries ranked near Madagascar
- 163 Mauritania 21.9% compare
- 164 Nigeria 21.8% compare
- 165 Democratic Republic of Congo 20.9% compare
- 167 Guinea-Bissau 19.6% compare
- 168 Gabon 18.7% compare
- 169 Uganda 18.6% 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 financial system deposits to gdp in Madagascar?
- Financial system deposits to gdp in Madagascar was 20.1% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest financial system deposits to gdp recorded in Madagascar?
- The highest recorded value was 20.1% in 2021.
- What is the lowest financial system deposits to gdp recorded in Madagascar?
- The lowest recorded value was 5.4% in 1962.
- How does Madagascar rank for financial system deposits to gdp?
- Madagascar ranks 166th out of 185 countries with data for 2021.
- Is financial system deposits to gdp rising or falling in Madagascar?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Financial system deposits to GDP (%). Statizoid updates them automatically from the source API.
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About this data
Demand, time and saving deposits in deposit money banks and other financial institutions as a share of GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is demand and time and saving deposits, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF’s International Financial Statistics. Financial system deposits (IFS lines 24, 25, 44, and 45); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF).