Lending interest rate in Madagascar
Madagascar: Lending interest rate was 60.0% in 2025. ▲ Rising
Lending interest rate in Madagascar, 1989–2025
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
The most recent figure for lending interest rate in Madagascar is 60.0%, measured in 2025. That is the highest value across all 37 years on record.
The figure is up 5.8% over ten years.
Over the whole period, lending interest rate in Madagascar peaked at 60.0% in 2014 and was at its lowest, 22.2%, in 1989.
Madagascar ranks 1st of 149 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 37 years of available data.
Lending interest rate in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1989 | 22.2% | — |
| 1990 | 25.8% | +16.0% |
| 1991 | 25.5% | -1.3% |
| 1992 | 25.0% | -1.9% |
| 1993 | 25.6% | +2.6% |
| 1994 | 28.3% | +10.2% |
| 1995 | 34.8% | +22.9% |
| 1996 | 35.5% | +2.1% |
| 1997 | 30.3% | -14.6% |
| 1998 | 27.0% | -11.0% |
| 1999 | 27.2% | +0.9% |
| 2000 | 26.9% | -1.4% |
| 2001 | 25.5% | -5.1% |
| 2002 | 25.2% | -1.0% |
| 2003 | 24.2% | -4.0% |
| 2004 | 24.6% | +1.3% |
| 2005 | 25.9% | +5.3% |
| 2006 | 28.1% | +8.8% |
| 2007 | 40.3% | +43.1% |
| 2008 | 44.0% | +9.2% |
| 2009 | 44.6% | +1.4% |
| 2010 | 46.0% | +3.1% |
| 2011 | 52.5% | +14.1% |
| 2012 | 56.1% | +6.9% |
| 2013 | 59.0% | +5.1% |
| 2014 | 60.0% | +1.7% |
| 2015 | 56.7% | -5.5% |
| 2016 | 60.0% | +5.8% |
| 2017 | 60.0% | +0.0% |
| 2018 | 55.4% | -7.7% |
| 2019 | 49.0% | -11.5% |
| 2020 | 48.9% | -0.3% |
| 2021 | 48.3% | -1.2% |
| 2022 | 48.8% | +1.1% |
| 2023 | 53.6% | +9.7% |
| 2024 | 60.0% | +12.0% |
| 2025 | 60.0% | +0.0% |
Madagascar compared with similar countries
- Madagascar's 60.0% is above the median for low income countries, which is 16.0%, 3.7× the median. (19 countries reporting)
- Madagascar's 60.0% is above the median for Sub-Saharan Africa, which is 12.4%, 4.8× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Lending interest rate in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2007 | +43.1% | 28.1% | 40.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 22.2% | 22.2% | 22.2% | 1 |
| 1990s | 28.5% | 25.0% | 35.5% | 10 |
| 2000s | 30.9% | 24.2% | 44.6% | 10 |
| 2010s | 55.5% | 46.0% | 60.0% | 10 |
| 2020s | 53.3% | 48.3% | 60.0% | 6 |
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 lending interest rate in Madagascar?
- Lending interest rate in Madagascar was 60.0% in 2025, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Madagascar?
- The highest recorded value was 60.0% in 2014.
- What is the lowest lending interest rate recorded in Madagascar?
- The lowest recorded value was 22.2% in 1989.
- How does Madagascar rank for lending interest rate?
- Madagascar ranks 1st out of 149 countries with data for 2025.
- Is lending interest rate rising or falling in Madagascar?
- Over the last ten years it is up 5.8%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.