Number of Depositors, Commercial Banks, of Which: Household Sector in Madagascar
Madagascar: Number of Depositors, Commercial Banks, of Which: Household Sector was 8.83 million in 2024. ◆ Volatile
Number of Depositors, Commercial Banks, of Which: Household Sector in Madagascar, 2004–2024
Source: International Monetary Fund.
Analysis
In 2024, number of depositors, commercial banks, of which: household sector in Madagascar stood at 8.83 million. That is the highest value across all 21 years on record.
That represents a change of up 11.3% on the previous year and up 1,190.0% over ten years.
Over the whole period, number of depositors, commercial banks, of which: household sector in Madagascar peaked at 8.83 million in 2024 and was at its lowest, 151,362, in 2004.
That places Madagascar 24th out of 72 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Number of Depositors, Commercial Banks, of Which: Household Sector in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 151,362 | — |
| 2005 | 172,020 | +13.6% |
| 2006 | 197,066 | +14.6% |
| 2007 | 226,173 | +14.8% |
| 2008 | 328,166 | +45.1% |
| 2009 | 360,079 | +9.7% |
| 2010 | 388,874 | +8.0% |
| 2011 | 508,104 | +30.7% |
| 2012 | 518,970 | +2.1% |
| 2013 | 589,437 | +13.6% |
| 2014 | 684,394 | +16.1% |
| 2015 | 929,523 | +35.8% |
| 2016 | 708,437 | -23.8% |
| 2017 | 804,441 | +13.6% |
| 2018 | 900,890 | +12.0% |
| 2019 | 1.29 million | +43.3% |
| 2020 | 1.47 million | +13.6% |
| 2021 | 4.61 million | +213.9% |
| 2022 | 5.50 million | +19.5% |
| 2023 | 7.93 million | +44.1% |
| 2024 | 8.83 million | +11.3% |
Madagascar compared with similar countries
- Madagascar's 8.83 million is above the median for low income countries, which is 830,100, 10.6× the median. (11 countries reporting)
- Madagascar's 8.83 million is above the median for Sub-Saharan Africa, which is 970,883, 9.1× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Number of Depositors, Commercial Banks, of Which: Household Sector 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 |
|---|---|---|---|
| 2021 | +213.9% | 1.47 million | 4.61 million |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 239,144 | 151,362 | 360,079 | 6 |
| 2010s | 732,445 | 388,874 | 1.29 million | 10 |
| 2020s | 5.67 million | 1.47 million | 8.83 million | 5 |
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 number of depositors, commercial banks, of which: household sector in Madagascar?
- Number of depositors, commercial banks, of which: household sector in Madagascar was 8.83 million in 2024, according to International Monetary Fund.
- What is the highest number of depositors, commercial banks, of which: household sector recorded in Madagascar?
- The highest recorded value was 8.83 million in 2024.
- What is the lowest number of depositors, commercial banks, of which: household sector recorded in Madagascar?
- The lowest recorded value was 151,362 in 2004.
- How does Madagascar rank for number of depositors, commercial banks, of which: household sector?
- Madagascar ranks 24th out of 72 countries with data for 2024.
- Is number of depositors, commercial banks, of which: household sector rising or falling in Madagascar?
- Over the last ten years it is up 1,190.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Number of Depositors, Commercial Banks, of Which: Household Sector Depositors. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 21 observations, free to reuse under IMF Terms and Conditions (attribution required).
About this data
Gender-disaggregated data on access to and use of financial services.