Number of Household Sector Deposit Accounts with Commercial Banks per in Madagascar
Madagascar: Number of Household Sector Deposit Accounts with Commercial Banks per was 886.08 in 2024. ◆ Volatile
Number of Household Sector Deposit Accounts with Commercial Banks per in Madagascar, 2004–2024
Source: International Monetary Fund.
Analysis
Madagascar recorded 886.08 for number of household sector deposit accounts with commercial banks per in 2024. That is the highest value across all 21 years on record.
The figure is up 13.5% on the previous year and up 1,264.1% over ten years.
Over the whole period, number of household sector deposit accounts with commercial banks per in Madagascar peaked at 886.08 in 2024 and was at its lowest, 16.09, in 2004.
That places Madagascar 67th out of 92 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 Household Sector Deposit Accounts with Commercial Banks per in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 16.09 | — |
| 2005 | 18.61 | +15.7% |
| 2006 | 19.05 | +2.3% |
| 2007 | 21.63 | +13.6% |
| 2008 | 32.36 | +49.6% |
| 2009 | 34.35 | +6.1% |
| 2010 | 37.67 | +9.7% |
| 2011 | 48.03 | +27.5% |
| 2012 | 48.46 | +0.9% |
| 2013 | 62.25 | +28.5% |
| 2014 | 64.96 | +4.3% |
| 2015 | 81.9 | +26.1% |
| 2016 | 87.02 | +6.3% |
| 2017 | 51.11 | -41.3% |
| 2018 | 73.87 | +44.5% |
| 2019 | 114.39 | +54.8% |
| 2020 | 118.18 | +3.3% |
| 2021 | 562.33 | +375.8% |
| 2022 | 663.29 | +18.0% |
| 2023 | 780.97 | +17.7% |
| 2024 | 886.08 | +13.5% |
Madagascar compared with similar countries
- Madagascar's 886.08 is above the median for low income countries, which is 71.82, 12.3× the median. (8 countries reporting)
- Madagascar's 886.08 is above the median for Sub-Saharan Africa, which is 273.77, 3.2× the median. (21 countries reporting)
Biggest year-on-year movements
Years where Number of Household Sector Deposit Accounts with Commercial Banks per 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 | +375.8% | 118.18 | 562.33 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 23.68 | 16.09 | 34.35 | 6 |
| 2010s | 66.96 | 37.67 | 114.39 | 10 |
| 2020s | 602.17 | 118.18 | 886.08 | 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 household sector deposit accounts with commercial banks per in Madagascar?
- Number of household sector deposit accounts with commercial banks per in Madagascar was 886.08 in 2024, according to International Monetary Fund.
- What is the highest number of household sector deposit accounts with commercial banks per recorded in Madagascar?
- The highest recorded value was 886.08 in 2024.
- What is the lowest number of household sector deposit accounts with commercial banks per recorded in Madagascar?
- The lowest recorded value was 16.09 in 2004.
- How does Madagascar rank for number of household sector deposit accounts with commercial banks per?
- Madagascar ranks 67th out of 92 countries with data for 2024.
- Is number of household sector deposit accounts with commercial banks per rising or falling in Madagascar?
- Over the last ten years it is up 1,264.1%. 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 Household Sector Deposit Accounts with Commercial Banks per 1,000 Adults. 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.