Active Mobile Money Accounts Statistics in Madagascar (2026)
According to IMF Financial Access Survey data, active mobile money accounts in Madagascar came to 315.1 per 1,000 adults in 2024. Up from 255.7 per 1,000 adults in 2023 to 315.1 per 1,000 adults in 2024. Madagascar ranks #24 of 36 economies in Sub-Saharan Africa on this measure, and #34 of 60 globally.
Key Statistics
- Latest value (2024)
- 315.1 per 1,000 adults (2024)
- Active Mobile Money Accounts in Madagascar as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- +23.2% (2024)
- Up from 255.7 per 1,000 adults in 2023 to 315.1 per 1,000 adults in 2024.
- CAGR 2010–2024
- +47.2% per year (2024)
- Compound annual growth rate from 1.4 per 1,000 adults in 2010 to 315.1 per 1,000 adults in 2024.
- Earliest value in this dataset (2010)
- 1.4 per 1,000 adults (2010)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 1.4 per 1,000 adults in 2010 to 315.1 per 1,000 adults in 2024.
- Record high (2024)
- 315.1 per 1,000 adults (2024)
- The 2024 value is the highest in the available IMF Financial Access Survey series for Madagascar.
- Rank in Sub-Saharan Africa
- #24 of 36 (2024)
- Madagascar ranks 24 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #34 of 60 (2024)
- Madagascar ranks 34 of 60 countries with data globally.
- Sub-Saharan Africa average
- 699.8 per 1,000 adults (2024)
- Madagascar (315.1 per 1,000 adults) is below the average of 699.8 per 1,000 adults across the 36 countries in Sub-Saharan Africa with data.
- Projected 2026 value
- 416.7 per 1,000 adults (2026)
- Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (25.1%/yr) exceeds our ±15%/yr cap; not an official figure.
- Active mobile money accounts (number) (2024)
- 6.1 million (2024)
- Related indicator from IMF Financial Access Survey.
- 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, 2010–2024
| Year | per 1,000 adults | Change |
|---|---|---|
| 2024 | 315 | +23.2% |
| 2023 | 256 | +23.0% |
| 2022 | 208 | +20.4% |
| 2021 | 173 | +15.0% |
| 2020 | 150 | +11.2% |
| 2019 | 135 | +403.9% |
| 2018 | 26.8 | −59.3% |
| 2017 | 65.8 | +26.8% |
| 2016 | 51.9 | +40.7% |
| 2015 | 36.9 | +32.8% |
| 2014 | 27.8 | +169.8% |
| 2013 | 10.3 | +1.5% |
| 2012 | 10.1 | +50.3% |
| 2011 | 6.8 | +381.9% |
| 2010 | 1.4 | — |
Frequently asked questions
What is the latest figure for active mobile money accounts in Madagascar?
Active mobile money accounts in Madagascar stood at 315.1 per 1,000 adults in 2024, according to IMF Financial Access Survey data.
What could active mobile money accounts in Madagascar look like in 2026?
A trend-based projection puts it at 416.7 per 1,000 adults in 2026. Projection applies a capped growth rate of 15%/yr — the observed 7-year trend (25.1%/yr) exceeds our ±15%/yr cap; not an official figure.
How recent is the active mobile money accounts data for Madagascar?
The most recent observation is from 2024. IMF Financial Access Survey data is reported with a lag, so 2024 is the latest available year for Madagascar.
Where does the active mobile money accounts data for Madagascar come from?
The data comes from the IMF Financial Access Survey (indicator FA63N.PTADLT_NUM). The latest observation for Madagascar is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: IMF Financial Access Survey, indicator
FA63N.PTADLT_NUM, 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 .