Share of adults with an account at a financial institution in Madagascar
Madagascar: Share of adults with an account at a financial institution was 24.5% in 2024. ◆ Volatile
Share of adults with an account at a financial institution in Madagascar, 2011–2024
Source: Global Findex Database - World Bank (2026) – processed by Our World in Data. Measured in % age 15+.
Analysis
In 2024, share of adults with an account at a financial institution in Madagascar stood at 24.5%.
The figure is down 7.0% on the previous year and up 185.9% over ten years.
Over the whole period, share of adults with an account at a financial institution in Madagascar peaked at 26.3% in 2022 and was at its lowest, 5.5%, in 2011.
Madagascar ranks 111th of 115 countries on this measure, in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 10.6% | 5.5% | 17.9% | 3 |
| 2020s | 25.4% | 24.5% | 26.3% | 2 |
Countries ranked near Madagascar
More reference data data for Madagascar
- Spring temperature anomalies 0.7356 °C (2026)
- Summer temperature anomalies 0.1142 °C (2026)
- Temperature anomalies by month -0.0487 °C (2026)
- Universal right to vote in practice 0 (2025)
- Autumn temperature anomalies 0.8079 °C (2025)
- Winter temperature anomalies -0.3162 °C (2025)
- Consumer price index 280.82 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 0 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is share of adults with an account at a financial institution in Madagascar?
- Share of adults with an account at a financial institution in Madagascar was 24.5% in 2024, according to Global Findex Database - World Bank (2026) – processed by Our World in Data.
- What is the highest share of adults with an account at a financial institution recorded in Madagascar?
- The highest recorded value was 26.3% in 2022.
- What is the lowest share of adults with an account at a financial institution recorded in Madagascar?
- The lowest recorded value was 5.5% in 2011.
- How does Madagascar rank for share of adults with an account at a financial institution?
- Madagascar ranks 111th out of 115 countries with data for 2024.
- Is share of adults with an account at a financial institution rising or falling in Madagascar?
- Over the last ten years it is up 185.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Global Findex Database - World Bank (2026) – processed by Our World in Data, published as part of Share of adults with an account at a financial institution. Statizoid updates them automatically from the source API.
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About this data
The share of respondents aged 15 and older, who report having an account (by themselves or with someone else) at a bank or another type of financial institution.