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 165th out of 184 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.
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
- 162 Mauritania 21.9% compare
- 163 Nigeria 21.8% compare
- 164 Congo, Democratic Republic of the 20.9% compare
- 166 Guinea-Bissau 19.6% compare
- 167 Gabon 18.7% compare
- 168 Uganda 18.6% compare
More financial sector data for Madagascar
- Net domestic credit (current LCU), per capita 555,983 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,010 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 14.89 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 2.08 billion SDR (2024)
- Reserves excluding gold 2.14 billion SDR (2024)
- Total reserves (gold at market value) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 66.8 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.84 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 66.8 SDR per person (2024)
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 165th out of 184 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.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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).