Owns a debit card in Madagascar

Madagascar: Owns a debit card was 2.5% in 2024. ◆ Volatile

Latest (2024)
2.5%
Change on year
down 61.0%
World rank
117th
of 118 countries
All-time high
6.4%
in 2022
All-time low
0.9%
in 2011
Years of data
5
2011–2024

Owns a debit card in Madagascar, 2011–2024

02462011201720242011: 0.867 % age 15+2014: 1.6 % age 15+2017: 3.2 % age 15+2022: 6.4 % age 15+2024: 2.5 % age 15+

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

Analysis

In 2024, owns a debit card in Madagascar stood at 2.5%.

That represents a change of down 61.0% on the previous year and up 57.7% over ten years.

Over the whole period, owns a debit card in Madagascar peaked at 6.4% in 2022 and was at its lowest, 0.9%, in 2011.

That places Madagascar 117th out of 118 countries with data for 2024, putting it in the bottom quarter.

Owns a debit card in Madagascar, year by year

Annual values for Owns a debit card (% age 15+) in Madagascar, 2011 to 2024.
Year % age 15+ Change
2011 0.9%
2014 1.6% +81.4%
2017 3.2% +106.4%
2022 6.4% +96.0%
2024 2.5% -61.0%

Madagascar compared with similar countries

  • Madagascar's 2.5% is below the median for low income countries, which is 5.1%, 49% of the median. (9 countries reporting)
  • Madagascar's 2.5% is below the median for Sub-Saharan Africa, which is 9.7%, 26% of the median. (26 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2010s 1.9% 0.9% 3.2% 3
2020s 4.4% 2.5% 6.4% 2

Countries ranked near Madagascar

  1. 114 Benin 4.8% compare
  2. 115 Malawi 4.2% compare
  3. 116 Sierra Leone 3.5% compare
  4. 118 Niger 1.8% compare

See the full ranking of 128 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is owns a debit card in Madagascar?
Owns a debit card in Madagascar was 2.5% in 2024, according to Global Findex Database.
What is the highest owns a debit card recorded in Madagascar?
The highest recorded value was 6.4% in 2022.
What is the lowest owns a debit card recorded in Madagascar?
The lowest recorded value was 0.9% in 2011.
How does Madagascar rank for owns a debit card?
Madagascar ranks 117th out of 118 countries with data for 2024.
Is owns a debit card rising or falling in Madagascar?
Over the last ten years it is up 57.7%. 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 debit card (% age 15+). Statizoid updates them automatically from the source API.

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

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About this data

Indicator
Owns a debit card (% age 15+)
Unit
% age 15+
Source
Global Findex Database
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
128 places, 640 data points, 2011–2024
Last refreshed

The percentage of respondents who report having an ATM or debit card, (% age 15+)