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.
Share of adults with an account at a financial institution in Madagascar, year by year
| Year | % age 15+ | Change |
|---|---|---|
| 2011 | 5.5% | — |
| 2014 | 8.6% | +54.8% |
| 2017 | 17.9% | +108.9% |
| 2022 | 26.3% | +47.2% |
| 2024 | 24.5% | -7.0% |
Madagascar compared with similar countries
- Madagascar's 24.5% is below the median for low income countries, which is 39.2%, 62% of the median. (9 countries reporting)
- Madagascar's 24.5% is below the median for Sub-Saharan Africa, which is 56.5%, 43% of the median. (26 countries reporting)
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
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4459 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.82 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 5.9 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.4503 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 5.9 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.5 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.43 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 26.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 32.81 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.45 (2050)
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.
Download this data
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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.