Account at financial institution in Madagascar

Madagascar: Account at financial institution was 24.45 in 2024. ◆ Volatile

Latest (2024)
24.45
Change on year
down 7.0%
World rank
111th
of 115 countries
All-time high
26.3
in 2022
All-time low
5.52
in 2011
Years of data
5
2011–2024

Account at financial institution in Madagascar, 2011–2024

5101520252011201720242011: 5.52014: 8.62017: 17.92022: 26.32024: 24.5

Source: Our World in Data.

Analysis

In 2024, account at financial institution in Madagascar stood at 24.45.

The figure is down 7.0% on the previous year and up 185.9% over ten years.

Over the whole period, account at financial institution in Madagascar peaked at 26.3 in 2022 and was at its lowest, 5.52, in 2011.

Madagascar ranks 111th of 115 countries on this measure, in the bottom quarter.

Account at financial institution in Madagascar, year by year

Annual values for Account at financial institution in Madagascar, 2011 to 2024.
Year Value Change
2011 5.52 —
2014 8.55 +54.8%
2017 17.87 +108.9%
2022 26.3 +47.2%
2024 24.45 -7.0%

Madagascar compared with similar countries

  • Madagascar's 24.45 is below the median for low income countries, which is 39.21, 62% of the median. (9 countries reporting)
  • Madagascar's 24.45 is below the median for Sub-Saharan Africa, which is 56.5, 43% of the median. (26 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 10.65 5.52 17.87 3
2020s 25.37 24.45 26.3 2

Countries ranked near Madagascar

  1. 108 Iraq 30.16 compare
  2. 109 Mauritania 27.31 compare
  3. 110 Pakistan 27.3 compare
  4. 112 Nicaragua 23.47 compare
  5. 113 Lebanon 23.04 compare
  6. 114 Chad 20.9 compare

See the full ranking of 115 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is account at financial institution in Madagascar?
Account at financial institution in Madagascar was 24.45 in 2024, according to Our World in Data.
What is the highest account at financial institution recorded in Madagascar?
The highest recorded value was 26.3 in 2022.
What is the lowest account at financial institution recorded in Madagascar?
The lowest recorded value was 5.52 in 2011.
How does Madagascar rank for account at financial institution?
Madagascar ranks 111th out of 115 countries with data for 2024.
Is account at 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 Our World in Data, published as part of Account at financial institution. Statizoid updates them automatically from the source API.

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Account at financial institution in Madagascar. Statizoid, drawing on Our World in Data. Retrieved 14 November 2026, from https://reference.statizoid.com/stat/account-at-financial-institution/madagascar/

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About this data

Indicator
Account at financial institution
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
115 places, 575 data points, 2011–2024
Last refreshed