Debit Card Ownership Statistics in Madagascar (2026)
In 2024, 2.5% of adults in Madagascar owned a debit card, according to World Bank Global Findex data. Down from 6.4% in 2022 to 2.5% in 2024 (−3.9 percentage points). Madagascar ranks #34 of 36 economies in Sub-Saharan Africa on this measure, and #143 of 145 globally.
Key Statistics
- Latest value (2024)
- 2.5% (2024)
- Debit Card Ownership in Madagascar as of 2024, the most recent observation in World Bank Global Findex data.
- Change since 2022
- −3.9 pp (2024)
- Down from 6.4% in 2022 to 2.5% in 2024 (−3.9 percentage points).
- Earliest value in this dataset (2011)
- 0.9% (2011)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Up from 0.9% in 2011 to 2.5% in 2024.
- Peak value (2022)
- 6.4% (2022)
- Highest value in the available series; the 2024 value is 2.5%.
- Rank in Sub-Saharan Africa
- #34 of 36 (2024)
- Madagascar ranks 34 of 36 countries in Sub-Saharan Africa with data, based on each country's latest value.
- Global rank
- #143 of 145 (2024)
- Madagascar ranks 143 of 145 countries with data globally.
- Sub-Saharan Africa average
- 16.3% (2024)
- Madagascar (2.5%) is below the average of 16.3% across the 36 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, 2011–2024
| Year | % of adults (age 15+) | Change |
|---|---|---|
| 2024 | 2.5% | −3.9 pp |
| 2022 | 6.4% | +3.1 pp |
| 2017 | 3.2% | +1.7 pp |
| 2014 | 1.6% | +0.7 pp |
| 2011 | 0.9% | — |
Frequently asked questions
What share of adults in Madagascar owned a debit card?
2.5% of adults in Madagascar owned a debit card in 2024, according to World Bank Global Findex data.
How does Madagascar compare with other countries in Sub-Saharan Africa?
Madagascar ranks 34 of 36 countries in Sub-Saharan Africa with data, with 2.5% versus a regional average of 16.3% (latest values per country).
Where does Madagascar rank globally on debit card ownership?
Madagascar ranks 143 of 145 countries with data globally, based on the latest World Bank Global Findex value for each country.
When did debit card ownership in Madagascar peak?
The highest value in the available series was 6.4% in 2022; the latest (2024) value is 2.5%.
How recent is the debit card ownership data for Madagascar?
The most recent observation is from 2024. World Bank Global Findex data is reported with a lag, so 2024 is the latest available year for Madagascar.
Source & methodology
Source: World Bank Global Findex, indicator
fin2.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 .