Account in Madagascar

Madagascar: Account was 24.5% in 2024. ◆ Volatile

Latest (2024)
24.5%
Change on year
down 7.0%
World rank
114th
of 118 countries
All-time high
26.3%
in 2022
All-time low
5.5%
in 2011
Years of data
5
2011–2024

Account in Madagascar, 2011–2024

5101520252011201720242011: 5.5 % age 15+2014: 8.6 % age 15+2017: 17.9 % age 15+2022: 26.3 % age 15+2024: 24.5 % age 15+

Source: Global Findex Database. Measured in % age 15+.

Analysis

Madagascar recorded 24.5% for account in 2024.

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

Over the whole period, account in Madagascar peaked at 26.3% in 2022 and was at its lowest, 5.5%, in 2011.

Madagascar ranks 114th of 118 countries on this measure, in the bottom quarter.

Account in Madagascar, year by year

Annual values for Account (% age 15+) in Madagascar, 2011 to 2024.
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

DecadeAverage LowestHighest Years
2010s 10.6% 5.5% 17.9% 3
2020s 25.4% 24.5% 26.3% 2

Countries ranked near Madagascar

  1. 111 Iraq 30.2% compare
  2. 112 Mauritania 27.3% compare
  3. 113 Pakistan 27.3% compare
  4. 115 Nicaragua 23.5% compare
  5. 116 Lebanon 23.0% compare
  6. 117 Chad 20.9% compare

See the full ranking of 130 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is account in Madagascar?
Account in Madagascar was 24.5% in 2024, according to Global Findex Database.
What is the highest account recorded in Madagascar?
The highest recorded value was 26.3% in 2022.
What is the lowest account recorded in Madagascar?
The lowest recorded value was 5.5% in 2011.
How does Madagascar rank for account?
Madagascar ranks 114th out of 118 countries with data for 2024.
Is account 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, published as part of Account (% age 15+). Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 5 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

Share, cite or embed this page

Cite this page

Account in Madagascar. Statizoid, drawing on Global Findex Database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/account-percent-age-15/madagascar/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://reference.statizoid.com/stat/account-percent-age-15/madagascar/">Account in Madagascar</a> — Statizoid

About this data

Indicator
Account (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
130 places, 650 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an account (by themselves or together with someone else) at a bank or similar financial institution (see the definition for "bank or similar financial institution account") or report personally using a mobile money service in the past year (see the definition for "mobile money account"), (% age 15+)