Owns a credit card in Madagascar

Madagascar: Owns a credit card was 1.1% in 2024. ◆ Volatile

Latest (2024)
1.1%
Change on year
down 47.8%
World rank
73rd
of 115 countries
All-time high
2.1%
in 2022
All-time low
0.0%
in 2011
Years of data
5
2011–2024

Owns a credit card in Madagascar, 2011–2024

00.511.522011201720242011: 0 % age 15+2014: 0.124 % age 15+2017: 0.961 % age 15+2022: 2.1 % age 15+2024: 1.1 % age 15+

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

Analysis

Madagascar recorded 1.1% for owns a credit card in 2024.

The figure is down 47.8% on the previous year and up 791.0% over ten years.

Over the whole period, owns a credit card in Madagascar peaked at 2.1% in 2022 and was at its lowest, 0.0%, in 2011.

Madagascar ranks 73rd of 115 countries on this measure, in the middle of the range.

Owns a credit card in Madagascar, year by year

Annual values for Owns a credit card (% age 15+) in Madagascar, 2011 to 2024.
Year % age 15+ Change
2011 0.0%
2014 0.1%
2017 1.0% +677.3%
2022 2.1% +119.7%
2024 1.1% -47.8%

Madagascar compared with similar countries

  • Madagascar's 1.1% is below the median for low income countries, which is 2.0%, 54% of the median. (9 countries reporting)
  • Madagascar's 1.1% is below the median for Sub-Saharan Africa, which is 2.8%, 39% of the median. (26 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.4% 0.0% 1.0% 3
2020s 1.6% 1.1% 2.1% 2

Countries ranked near Madagascar

  1. 70 Bangladesh 1.7% compare
  2. 71 Pakistan 1.6% compare
  3. 72 Zimbabwe 1.2% compare
  4. 74 Sierra Leone 1.1% compare
  5. 75 Congo 0.9% compare
  6. 76 Tanzania 0.8% compare

See the full ranking of 125 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is owns a credit card in Madagascar?
Owns a credit card in Madagascar was 1.1% in 2024, according to Global Findex Database.
What is the highest owns a credit card recorded in Madagascar?
The highest recorded value was 2.1% in 2022.
What is the lowest owns a credit card recorded in Madagascar?
The lowest recorded value was 0.0% in 2011.
How does Madagascar rank for owns a credit card?
Madagascar ranks 73rd out of 115 countries with data for 2024.
Is owns a credit card rising or falling in Madagascar?
Over the last ten years it is up 791.0%. 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 Owns a credit card (% age 15+). Statizoid updates them automatically from the source API.

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Owns a credit card in Madagascar. Statizoid, drawing on Global Findex Database. Retrieved 24 September 2026, from https://reference.statizoid.com/stat/owns-a-credit-card-percent-age-15/madagascar/

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About this data

Indicator
Owns a credit card (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
125 places, 625 data points, 2011–2024
Last refreshed

The percentage of respondents who report having a credit card, (% age 15+)