Nonperforming Loans Statistics in Madagascar (2026)
According to World Bank World Development Indicators data, bank nonperforming loans in Madagascar came to 7.6% of total gross loans in 2023. Down from 8% in 2022 to 7.6% in 2023 (−0.4 percentage points). Madagascar ranks #18 of 29 economies in Sub-Saharan Africa on this measure, and #115 of 144 globally.
Key Statistics
- Latest value (2023)
- 7.6% (2023)
- Nonperforming Loans in Madagascar as of 2023, the most recent observation in World Bank World Development Indicators data.
- Change since 2022
- −0.4 pp (2023)
- Down from 8% in 2022 to 7.6% in 2023 (−0.4 percentage points).
- Earliest value in this dataset (2005)
- 7.6% (2005)
- Earliest observation in this dataset, which covers 1990 onward (the source series may begin earlier). Down from 7.6% in 2005 to 7.6% in 2023.
- Peak value (2013)
- 12.2% (2013)
- Highest value in the available series; the 2023 value is 7.6%.
- Rank in Sub-Saharan Africa (lower is better; rank 1 = lowest)
- #18 of 29 (2023)
- Madagascar ranks 18 of 29 countries in Sub-Saharan Africa with data, based on each country's latest value. Ranked ascending because lower values are better for this metric.
- Global rank (lower is better; rank 1 = lowest)
- #115 of 144 (2023)
- Madagascar ranks 115 of 144 countries with data globally. Ranked ascending because lower values are better for this metric.
- Sub-Saharan Africa average
- 9.7% (2023)
- Madagascar (7.6%) is below the average of 9.7% across the 29 countries in Sub-Saharan Africa with data.
- Domestic credit to private sector (% of GDP) (2024)
- 16.6% (2024)
- Related indicator from World Bank World Development Indicators.
- 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, 2005–2023
| Year | % of total gross loans | Change |
|---|---|---|
| 2023 | 7.6% | −0.4 pp |
| 2022 | 8% | −1.1 pp |
| 2021 | 9.1% | +0.6 pp |
| 2020 | 8.5% | +1.1 pp |
| 2019 | 7.3% | −0.3 pp |
| 2018 | 7.6% | −0.5 pp |
| 2017 | 8.1% | −0.7 pp |
| 2016 | 8.8% | −0.5 pp |
| 2015 | 9.3% | −1.0 pp |
| 2014 | 10.3% | −1.9 pp |
| 2013 | 12.2% | +0.6 pp |
| 2012 | 11.6% | −0.3 pp |
| 2011 | 11.8% | +1.8 pp |
| 2010 | 10% | +1.2 pp |
| 2009 | 8.8% | +1.6 pp |
| 2008 | 7.2% | −0.2 pp |
| 2007 | 7.4% | +1.0 pp |
| 2006 | 6.4% | −1.3 pp |
| 2005 | 7.6% | — |
Frequently asked questions
What is the latest figure for bank nonperforming loans in Madagascar?
Bank nonperforming loans in Madagascar stood at 7.6% of total gross loans in 2023, according to World Bank World Development Indicators data.
How does Madagascar compare with other countries in Sub-Saharan Africa?
Madagascar ranks 18 of 29 countries in Sub-Saharan Africa with data (ranked ascending; lower is better), with 7.6% versus a regional average of 9.7% (latest values per country).
Where does Madagascar rank globally on nonperforming loans?
Madagascar ranks 115 of 144 countries with data globally (ranked ascending; lower is better), based on the latest World Bank World Development Indicators value for each country.
When did nonperforming loans in Madagascar peak?
The highest value in the available series was 12.2% in 2013; the latest (2023) value is 7.6%.
How recent is the nonperforming loans data for Madagascar?
The most recent observation is from 2023. World Bank World Development Indicators data is reported with a lag, so 2023 is the latest available year for Madagascar.
Source & methodology
Source: World Bank, World Development Indicators, indicator
FB.AST.NPER.ZS, 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 .