Financial soundness indicators in Madagascar

Madagascar: Financial soundness indicators was 4.5% in 2024. ▼ Falling

Latest (2024)
4.5%
Change on year
up 1.8%
World rank
14th
of 150 countries
All-time high
6.9%
in 2005
All-time low
2.1%
in 2010
Years of data
20
2005–2024

Financial soundness indicators in Madagascar, 2005–2024

2345672005201420242005: 6.9 %2006: 4.5 %2007: 4.5 %2008: 3.9 %2009: 2.2 %2010: 2.1 %2011: 2.4 %2012: 2.5 %2013: 3 %2014: 4.2 %2015: 4.8 %2016: 3.9 %2017: 4.3 %2018: 4.3 %2019: 4 %2020: 3.1 %2021: 3.4 %2022: 3.5 %2023: 4.4 %2024: 4.5 %

Source: International Monetary Fund – processed by Our World in Data. Measured in %.

Analysis

The most recent figure for financial soundness indicators in Madagascar is 4.5%, measured in 2024.

Compared with earlier readings it is up 1.8% on the previous year and up 7.9% over ten years.

Over the whole period, financial soundness indicators in Madagascar peaked at 6.9% in 2005 and was at its lowest, 2.1%, in 2010.

Madagascar ranks 14th of 150 countries on this measure, in the top 10%.

The long-run direction has been consistently falling across the 20 years of available data.

Financial soundness indicators in Madagascar, year by year

Annual values for Financial soundness indicators in Madagascar, 2005 to 2024.
Year % Change
2005 6.9%
2006 4.5% -33.9%
2007 4.5% -2.2%
2008 3.9% -12.8%
2009 2.2% -44.1%
2010 2.1% -5.1%
2011 2.4% +17.5%
2012 2.5% +5.4%
2013 3.0% +18.4%
2014 4.2% +38.7%
2015 4.8% +14.6%
2016 3.9% -18.1%
2017 4.3% +8.9%
2018 4.3% +1.6%
2019 4.0% -8.3%
2020 3.1% -22.8%
2021 3.4% +9.7%
2022 3.5% +2.1%
2023 4.4% +28.7%
2024 4.5% +1.8%

Madagascar compared with similar countries

  • Madagascar's 4.5% is above the median for low income countries, which is 3.5%, 1.3× the median. (12 countries reporting)
  • Madagascar's 4.5% is above the median for Sub-Saharan Africa, which is 3.3%, 1.4× the median. (31 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 4.4% 2.2% 6.9% 5
2010s 3.6% 2.1% 4.8% 10
2020s 3.8% 3.1% 4.5% 5

Countries ranked near Madagascar

  1. 11 Maldives 4.9% compare
  2. 12 Kyrgyzstan 4.8% compare
  3. 13 Gambia 4.7% compare
  4. 15 Armenia 4.3% compare
  5. 16 Kenya 4.2% compare
  6. 17 Uganda 4.2% compare

See the full ranking of 150 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is financial soundness indicators in Madagascar?
Financial soundness indicators in Madagascar was 4.5% in 2024, according to International Monetary Fund – processed by Our World in Data.
What is the highest financial soundness indicators recorded in Madagascar?
The highest recorded value was 6.9% in 2005.
What is the lowest financial soundness indicators recorded in Madagascar?
The lowest recorded value was 2.1% in 2010.
How does Madagascar rank for financial soundness indicators?
Madagascar ranks 14th out of 150 countries with data for 2024.
Is financial soundness indicators rising or falling in Madagascar?
Over the last ten years it is up 7.9%. The long-run trend across the full record is falling.
Where does this Madagascar data come from?
The figures come from International Monetary Fund – processed by Our World in Data, published as part of Financial soundness indicators. Statizoid updates them automatically from the source API.

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Financial soundness indicators in Madagascar. Statizoid, drawing on International Monetary Fund – processed by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/regulation-financial-markets/madagascar/

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About this data

Indicator
Financial soundness indicators
Unit
%
Source
International Monetary Fund – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
150 places, 2,289 data points, 2001–2025
Last refreshed

Return on assets (%).