Number of Household Sector Depositors with Commercial Banks per 1,000 in Madagascar
Madagascar: Number of Household Sector Depositors with Commercial Banks per 1,000 was 454.69 in 2024. ◆ Volatile
Number of Household Sector Depositors with Commercial Banks per 1,000 in Madagascar, 2004–2024
Source: International Monetary Fund.
Analysis
Madagascar recorded 454.69 for number of household sector depositors with commercial banks per 1,000 in 2024. That is the highest value across all 21 years on record.
Compared with earlier readings it is up 8.1% on the previous year and up 847.9% over ten years.
Over the whole period, number of household sector depositors with commercial banks per 1,000 in Madagascar peaked at 454.69 in 2024 and was at its lowest, 14.88, in 2004.
Madagascar ranks 51st of 72 countries on this measure, 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 Depositors with Commercial Banks per 1,000 in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 14.88 | — |
| 2005 | 16.38 | +10.1% |
| 2006 | 18.16 | +10.9% |
| 2007 | 20.16 | +11.0% |
| 2008 | 28.29 | +40.3% |
| 2009 | 30.01 | +6.1% |
| 2010 | 31.31 | +4.4% |
| 2011 | 39.52 | +26.2% |
| 2012 | 38.98 | -1.4% |
| 2013 | 42.76 | +9.7% |
| 2014 | 47.97 | +12.2% |
| 2015 | 63 | +31.3% |
| 2016 | 46.47 | -26.2% |
| 2017 | 51.11 | +10.0% |
| 2018 | 55.47 | +8.5% |
| 2019 | 77.11 | +39.0% |
| 2020 | 85.03 | +10.3% |
| 2021 | 259.17 | +204.8% |
| 2022 | 300.75 | +16.0% |
| 2023 | 420.81 | +39.9% |
| 2024 | 454.69 | +8.1% |
Madagascar compared with similar countries
- Madagascar's 454.69 is above the median for low income countries, which is 126.08, 3.6× the median. (11 countries reporting)
- Madagascar's 454.69 is above the median for Sub-Saharan Africa, which is 221.01, 2.1× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Number of Household Sector Depositors with Commercial Banks per 1,000 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 | +204.8% | 85.03 | 259.17 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21.31 | 14.88 | 30.01 | 6 |
| 2010s | 49.37 | 31.31 | 77.11 | 10 |
| 2020s | 304.09 | 85.03 | 454.69 | 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 depositors with commercial banks per 1,000 in Madagascar?
- Number of household sector depositors with commercial banks per 1,000 in Madagascar was 454.69 in 2024, according to International Monetary Fund.
- What is the highest number of household sector depositors with commercial banks per 1,000 recorded in Madagascar?
- The highest recorded value was 454.69 in 2024.
- What is the lowest number of household sector depositors with commercial banks per 1,000 recorded in Madagascar?
- The lowest recorded value was 14.88 in 2004.
- How does Madagascar rank for number of household sector depositors with commercial banks per 1,000?
- Madagascar ranks 51st out of 72 countries with data for 2024.
- Is number of household sector depositors with commercial banks per 1,000 rising or falling in Madagascar?
- Over the last ten years it is up 847.9%. 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 Depositors with Commercial Banks per 1,000 Adults. Statizoid updates them automatically from the source API.
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About this data
Gender-disaggregated data on access to and use of financial services.