Bank Deposits Statistics in Madagascar (2026)
According to IMF Financial Access Survey data, outstanding bank deposits in Madagascar came to 22.3% of GDP in 2024. Down from 22.9% of GDP in 2023 to 22.3% of GDP in 2024 (−0.5 percentage points). Madagascar ranks #27 of 40 economies in Sub-Saharan Africa on this measure, and #153 of 172 globally.
Key Statistics
- Latest value (2024)
- 22.3% of GDP (2024)
- Bank Deposits in Madagascar as of 2024, the most recent observation in IMF Financial Access Survey data.
- Change since 2023
- −0.5 pp (2024)
- Down from 22.9% of GDP in 2023 to 22.3% of GDP in 2024 (−0.5 percentage points).
- Earliest value in this dataset (2004)
- 15.1% of GDP (2004)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 15.1% of GDP in 2004 to 22.3% of GDP in 2024.
- Peak value (2023)
- 22.9% of GDP (2023)
- Highest value in the available series; the 2024 value is 22.3% of GDP.
- Rank in Sub-Saharan Africa
- #27 of 40 (2024)
- Madagascar ranks 27 of 40 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #153 of 172 (2024)
- Madagascar ranks 153 of 172 countries with data globally.
- Sub-Saharan Africa average
- 39.2% of GDP (2024)
- Madagascar (22.3% of GDP) is below the average of 39.2% of GDP across the 40 countries in Sub-Saharan Africa with data.
- 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, 2004–2024
| Year | % of GDP | Change |
|---|---|---|
| 2024 | 22.3% | −0.5 pp |
| 2023 | 22.9% | +1.2 pp |
| 2022 | 21.7% | −0.1 pp |
| 2021 | 21.8% | +0.1 pp |
| 2020 | 21.7% | +3.2 pp |
| 2019 | 18.5% | +0.7 pp |
| 2018 | 17.8% | −0.3 pp |
| 2017 | 18.1% | +1.2 pp |
| 2016 | 17% | +0.5 pp |
| 2015 | 16.4% | +1.6 pp |
| 2014 | 14.8% | +0.0 pp |
| 2013 | 14.7% | −1.4 pp |
| 2012 | 16.2% | +0.1 pp |
| 2011 | 16.1% | +0.1 pp |
| 2010 | 16% | −0.7 pp |
| 2009 | 16.7% | +0.7 pp |
| 2008 | 16% | +1.0 pp |
| 2007 | 15.1% | +0.7 pp |
| 2006 | 14.4% | +1.0 pp |
| 2005 | 13.4% | −1.7 pp |
| 2004 | 15.1% | — |
Frequently asked questions
What is the latest figure for outstanding bank deposits in Madagascar?
Outstanding bank deposits in Madagascar stood at 22.3% of GDP in 2024, according to IMF Financial Access Survey data.
When did bank deposits in Madagascar peak?
The highest value in the available series was 22.9% of GDP in 2023; the latest (2024) value is 22.3% of GDP.
How recent is the bank deposits 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 bank deposits data for Madagascar come from?
The data comes from the IMF Financial Access Survey (indicator OUTD_COMBANK.POGDP). The latest observation for Madagascar is from 2024; the snapshot was retrieved on 2026-06-10.
Source & methodology
Source: IMF Financial Access Survey, indicator
OUTD_COMBANK.POGDP, 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 .