Number of commercial bank branches per 100000 adults in Madagascar

Madagascar: Number of commercial bank branches per 100000 adults was 2.71 in 2024. ▲ Rising

Latest (2024)
2.71
Change on year
down 1.0%
World rank
167th
of 184 countries
All-time high
2.85
in 2021
All-time low
1.08
in 2005
Years of data
21
2004–2024

Number of commercial bank branches per 100000 adults in Madagascar, 2004–2024

01232004201420242004: 1.12005: 1.12006: 1.12007: 1.22008: 1.32009: 1.42010: 1.42011: 1.52012: 1.52013: 1.62014: 1.82015: 22016: 2.12017: 2.22018: 2.32019: 2.42020: 2.42021: 2.82022: 2.82023: 2.72024: 2.7

Source: Our World in Data.

Analysis

In 2024, number of commercial bank branches per 100000 adults in Madagascar stood at 2.71.

Compared with earlier readings it is down 1.0% on the previous year and up 48.9% over ten years.

Over the whole period, number of commercial bank branches per 100000 adults in Madagascar peaked at 2.85 in 2021 and was at its lowest, 1.08, in 2005.

Madagascar ranks 167th of 184 countries on this measure, in the bottom quarter.

The long-run direction has been consistently rising across the 21 years of available data.

Number of commercial bank branches per 100000 adults in Madagascar, year by year

Annual values for Number of commercial bank branches per 100000 adults in Madagascar, 2004 to 2024.
Year Value Change
2004 1.08
2005 1.08 -0.5%
2006 1.1 +1.9%
2007 1.22 +11.4%
2008 1.28 +5.2%
2009 1.36 +5.7%
2010 1.41 +3.7%
2011 1.47 +4.3%
2012 1.55 +5.3%
2013 1.61 +4.1%
2014 1.82 +13.2%
2015 1.98 +8.6%
2016 2.11 +6.7%
2017 2.22 +5.3%
2018 2.28 +2.7%
2019 2.36 +3.2%
2020 2.42 +2.4%
2021 2.85 +17.8%
2022 2.84 -0.2%
2023 2.74 -3.5%
2024 2.71 -1.0%

Averages by decade

DecadeAverage LowestHighest Years
2000s 1.19 1.08 1.36 6
2010s 1.88 1.41 2.36 10
2020s 2.71 2.42 2.85 5

Countries ranked near Madagascar

  1. 164 Laos 3.02 compare
  2. 165 Liberia 3 compare
  3. 166 Guinea 2.78 compare
  4. 168 Burkina Faso 2.69 compare
  5. 169 Haiti 2.67 compare
  6. 170 Benin 2.52 compare

See the full ranking of 184 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is number of commercial bank branches per 100000 adults in Madagascar?
Number of commercial bank branches per 100000 adults in Madagascar was 2.71 in 2024, according to Our World in Data.
What is the highest number of commercial bank branches per 100000 adults recorded in Madagascar?
The highest recorded value was 2.85 in 2021.
What is the lowest number of commercial bank branches per 100000 adults recorded in Madagascar?
The lowest recorded value was 1.08 in 2005.
How does Madagascar rank for number of commercial bank branches per 100000 adults?
Madagascar ranks 167th out of 184 countries with data for 2024.
Is number of commercial bank branches per 100000 adults rising or falling in Madagascar?
Over the last ten years it is up 48.9%. The long-run trend across the full record is rising.
Where does this Madagascar data come from?
The figures come from Our World in Data, published as part of Number of commercial bank branches per 100000 adults. Statizoid updates them automatically from the source API.

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Number of commercial bank branches per 100000 adults in Madagascar. Statizoid, drawing on Our World in Data. Retrieved 28 August 2026, from https://reference.statizoid.com/stat/number-of-commercial-bank-branches-per-100000-adults/madagascar/

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About this data

Indicator
Number of commercial bank branches per 100000 adults
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
184 places, 3,628 data points, 2004–2024
Last refreshed