Private credit by deposit money banks to GDP in Madagascar
Madagascar: Private credit by deposit money banks to GDP was 17.4% in 2021. ▼ Falling
Private credit by deposit money banks to GDP in Madagascar, 1962–2021
Source: International Financial Statistics (IFS), International Monetary Fund (IMF). Measured in %.
Analysis
Madagascar recorded 17.4% for private credit by deposit money banks to gdp in 2021. That is the highest value across all 60 years on record.
The figure is up 11.8% on the previous year and up 84.9% over ten years.
Over the whole period, private credit by deposit money banks to gdp in Madagascar peaked at 17.4% in 2021 and was at its lowest, 6.7%, in 2002.
Madagascar ranks 152nd of 187 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 60 years of available data.
Private credit by deposit money banks to GDP in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1962 | 13.1% | — |
| 1963 | 14.0% | +7.0% |
| 1964 | 14.9% | +6.3% |
| 1965 | 13.6% | -8.8% |
| 1966 | 14.1% | +3.5% |
| 1967 | 15.6% | +10.7% |
| 1968 | 15.3% | -1.4% |
| 1969 | 15.0% | -2.0% |
| 1970 | 15.8% | +5.0% |
| 1971 | 16.5% | +4.7% |
| 1972 | 16.5% | -0.5% |
| 1973 | 15.2% | -8.0% |
| 1974 | 14.2% | -6.3% |
| 1975 | 13.7% | -3.7% |
| 1976 | 13.6% | -0.7% |
| 1977 | 14.9% | +9.7% |
| 1978 | 15.1% | +1.3% |
| 1979 | 16.3% | +8.1% |
| 1980 | 14.1% | -13.6% |
| 1981 | 13.3% | -5.8% |
| 1982 | 12.4% | -6.4% |
| 1983 | 12.2% | -2.1% |
| 1984 | 13.5% | +10.5% |
| 1985 | 14.4% | +7.0% |
| 1986 | 14.4% | +0.3% |
| 1987 | 14.5% | +0.7% |
| 1988 | 11.7% | -19.6% |
| 1989 | 11.4% | -2.2% |
| 1990 | 12.9% | +12.8% |
| 1991 | 14.3% | +10.6% |
| 1992 | 13.3% | -7.0% |
| 1993 | 13.7% | +2.9% |
| 1994 | 12.4% | -9.2% |
| 1995 | 9.5% | -23.6% |
| 1996 | 7.9% | -17.0% |
| 1997 | 8.3% | +5.4% |
| 1998 | 7.6% | -8.7% |
| 1999 | 7.2% | -4.7% |
| 2000 | 7.4% | +2.0% |
| 2001 | 7.0% | -5.1% |
| 2002 | 6.7% | -4.6% |
| 2003 | 7.5% | +13.2% |
| 2004 | 8.6% | +14.2% |
| 2005 | 8.5% | -1.3% |
| 2006 | 8.7% | +2.3% |
| 2007 | 8.8% | +0.6% |
| 2008 | 9.8% | +12.0% |
| 2009 | 10.2% | +4.4% |
| 2010 | 10.2% | -0.1% |
| 2011 | 9.4% | -7.8% |
| 2012 | 9.4% | +0.1% |
| 2013 | 10.2% | +7.9% |
| 2014 | 11.0% | +7.8% |
| 2015 | 11.5% | +4.5% |
| 2016 | 11.1% | -3.6% |
| 2017 | 12.6% | +14.3% |
| 2018 | 12.7% | +0.8% |
| 2019 | 13.6% | +7.2% |
| 2020 | 15.6% | +14.3% |
| 2021 | 17.4% | +11.8% |
Madagascar compared with similar countries
- Madagascar's 17.4% is above the median for low income countries, which is 13.3%, 1.3× the median. (23 countries reporting)
- Madagascar's 17.4% is above the median for Sub-Saharan Africa, which is 15.4%, 1.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.4% | 13.1% | 15.6% | 8 |
| 1970s | 15.2% | 13.6% | 16.5% | 10 |
| 1980s | 13.2% | 11.4% | 14.5% | 10 |
| 1990s | 10.7% | 7.2% | 14.3% | 10 |
| 2000s | 8.3% | 6.7% | 10.2% | 10 |
| 2010s | 11.2% | 9.4% | 13.6% | 10 |
| 2020s | 16.5% | 15.6% | 17.4% | 2 |
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 private credit by deposit money banks to gdp in Madagascar?
- Private credit by deposit money banks to gdp in Madagascar was 17.4% in 2021, according to International Financial Statistics (IFS), International Monetary Fund (IMF).
- What is the highest private credit by deposit money banks to gdp recorded in Madagascar?
- The highest recorded value was 17.4% in 2021.
- What is the lowest private credit by deposit money banks to gdp recorded in Madagascar?
- The lowest recorded value was 6.7% in 2002.
- How does Madagascar rank for private credit by deposit money banks to gdp?
- Madagascar ranks 152nd out of 187 countries with data for 2021.
- Is private credit by deposit money banks to gdp rising or falling in Madagascar?
- Over the last ten years it is up 84.9%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics (IFS), International Monetary Fund (IMF), published as part of Private credit by deposit money banks 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
Private credit by deposit money banks and other financial institutions to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is credit to the private sector, 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. Private credit by deposit money banks (IFS line 22d); 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).