Madagascar Bank Account Ownership Rate 2024: 24.45 %
Madagascar's bank account ownership rate in 2024 is 24.45 %, up 36.8% from 2017. It ranks #135 of 139 countries.
Bank account ownership rate indicates financial inclusion levels among adults globally, highlighting economic access.
Source (2024): Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) | Data
Bank Account Ownership Rate over time
| Year | Value | Change | % Change | Actions |
|---|---|---|---|---|
| 2024 | 24.45 % | +6.58 % | +36.84% | |
| 2017 | 17.87 % | +9.32 % | +108.95% | |
| 2014 | 8.55 % | +3.03 % | +54.83% | |
| 2011 | 5.52 % | — | — |
Frequently Asked Questions About Madagascar Bank Account Ownership Rate
What is Madagascar's bank account ownership rate in 2024?▾
Madagascar's bank account ownership rate is 24.45 % in 2024, according to Account ownership at a financial institution or with a mobile-money-service provider (% of population ages 15+) | Data.
Is Madagascar's bank account ownership rate increasing or decreasing?▾
Madagascar's bank account ownership rate rose by 36.8% from 2017 (17.87 %) to 2024 (24.45 %). Over the past decade (2014–2024) it rose by 185.9%.
How does Madagascar rank for bank account ownership rate?▾
In 2024, Madagascar has the 135th highest bank account ownership rate out of 139 countries with data.
What was Madagascar's bank account ownership rate in 2011?▾
In 2011, Madagascar's bank account ownership rate was 5.52 %. By 2024 it rose by 342.7%.
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