Account Ownership Statistics in Madagascar (2026)
According to World Bank Global Findex data, 24.5% of adults in Madagascar had an account at a financial institution or mobile money provider in 2024. Down from 26.3% in 2022 to 24.5% in 2024 (−1.8 percentage points). Madagascar ranks #33 of 36 economies in Sub-Saharan Africa on this measure, and #138 of 145 globally.
Key Statistics
- Latest value (2024)
- 24.5% (2024)
- Account Ownership in Madagascar as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- −1.8 pp (2024)
- Down from 26.3% in 2022 to 24.5% in 2024 (−1.8 percentage points).
- Earliest value in this dataset (2011)
- 5.5% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 5.5% in 2011 to 24.5% in 2024.
- Peak value (2022)
- 26.3% (2022)
- Highest value in the available series; the 2024 value is 24.5%.
- Rank in Sub-Saharan Africa
- #33 of 36 (2024)
- Madagascar ranks 33 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #138 of 145 (2024)
- Madagascar ranks 138 of 145 countries with data globally.
- Sub-Saharan Africa average
- 54.2% (2024)
- Madagascar (24.5%) is below the average of 54.2% across the 36 countries in Sub-Saharan Africa with data.
- Among women (2024)
- 20.3% (2024)
- Value for women in Madagascar, same 2024 World Bank Global Findex data.
- Among men (2024)
- 29% (2024)
- Value for men in Madagascar, same 2024 World Bank Global Findex data.
- Gender gap (women minus men)
- −8.7 pp (2024)
- In 2024, the figure was 20.3% for women and 29% for men — 8.7 percentage points lower among women.
- In rural areas (2024)
- 22.2% (2024)
- Value for rural residents of Madagascar in 2024.
- Rural gap vs national
- −2.3 pp (2024)
- Rural residents (22.2%) are 2.3 percentage points below the national figure (24.5%).
- Among the poorest 40% (2024)
- 14.1% (2024)
- Value for adults in the poorest 40% of households in Madagascar in 2024.
- Poorest-40% gap vs national
- −10.3 pp (2024)
- The poorest 40% (14.1%) are 10.3 percentage points below the national figure (24.5%).
- Internet use in Madagascar (2024)
- 18.7% (2024)
- 18.7% of the population in Madagascar used the internet in 2024 (World Bank); shown for context only.
- Population (2024)
- 32 million (2024)
- Madagascar had a population of 32 million in 2024 (World Bank); shown for scale only.
Trend, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 24.5% | −1.8 pp |
| 2022 | 26.3% | +8.4 pp |
| 2017 | 17.9% | +9.3 pp |
| 2014 | 8.6% | +3.0 pp |
| 2011 | 5.5% | — |
Frequently asked questions
What share of adults in Madagascar had an account at a financial institution or mobile money provider?
24.5% of adults in Madagascar had an account at a financial institution or mobile money provider in 2024, according to World Bank Global Findex data.
How does Madagascar compare with other countries in Sub-Saharan Africa?
Madagascar ranks 33 of 36 countries in Sub-Saharan Africa with data, with 24.5% versus a regional average of 54.2% (latest values per country).
Where does Madagascar rank globally on account ownership?
Madagascar ranks 138 of 145 countries with data globally, based on the latest World Bank Global Findex value for each country.
Source & methodology
Source: World Bank Global Findex, indicator
account.t.d, retrieved .
Figures are shown exactly as published in the source dataset; only the change column of the trend table is computed from adjacent published values.Read more on the methodology page. All figures are estimates and projections; this is not financial advice.
Last updated .