Madagascar: Real interest rate

* indicates monthly or quarterly data series
 Madagascar

Real interest rate: Bank lending rate minus inflation

 Latest value 40.96
 Year 2023
 Measure percent
 Data availability 1989 - 2023
 Average 26.38
 Min - Max -9.58 - 52.44
 Source The International Monetary Fund
The latest value from 2023 is 40.96 percent, an increase from 37.39 percent in 2022. In comparison, the world average is 4.25 percent, based on data from 81 countries. Historically, the average for Madagascar from 1989 to 2023 is 26.38 percent. The minimum value, -9.58 percent, was reached in 1995 while the maximum of 52.44 percent was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent data
Madagascar - Real interest rate - Recent values chart

Historical series
Madagascar - Real interest rate - historical chart - 1989-2023




Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

All articles



 Related indicators Latest Reference Measure
 Lending-deposit interest rate spread 35.68 2020 interest rate points
 Bank cost to income ratio 52.48 2020 percent
 Non-performing loans 8.02 2022 percent
 Bank overhead cost 4.08 2020 percent
 Net interest margin 6.69 2020 percent
 Bank credit to deposits 86.94 2021 percent
 Regulatory capital to risk-weighted assets 13.43 2019 percent
 Return on assets 3.20 2020 percent
 Return on equity 33.45 2020 percent
 Banking system z-scores 14.06 2020 index points
 Liquid assets to deposits 49.02 2020 percent
 Banking system capital to assets 9.38 2020 percent
 Non-interest income to total income 39.69 2020 percent
 Lending interest rate 53.58 2023 percent
 Real interest rate 40.96 2023 percent
 Legal rights 2.00 2019 points
 Credit information sharing 6.00 2019 points
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