Madagascar: Financial institutions development, depth

* indicates monthly or quarterly data series
 Madagascar

Financial institutions development, depth

 Latest value 0.071
 Year 2021
 Measure index points
 Data availability 1980 - 2021
 Average 0.050
 Min - Max 0.037 - 0.071
 Source International Monetary Fund
The latest value from 2021 is 0.071 index points, an increase from 0.068 index points in 2020. In comparison, the world average is 0.291 index points, based on data from 175 countries. Historically, the average for Madagascar from 1980 to 2021 is 0.05 index points. The minimum value, 0.037 index points, was reached in 1996 while the maximum of 0.071 index points was recorded in 2021. 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 - Financial institutions development, depth - Recent values chart

Historical series
Madagascar - Financial institutions development, depth - historical chart - 1980-2021




Definition: Measures the development of financial institutions in terms of depth. Constructed as a principal component of the following variables: Private-sector credit to GDP; Pension fund assets to GDP; Mutual fund assets to GDP; and Insurance premiums, life and non-life, to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.

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 Related indicators Latest Reference Measure
 Financial development 0.106 2021 index points
 Financial institutions development 0.205 2021 index points
 Financial institutions development, depth 0.071 2021 index points
 Financial institutions development, access 0.049 2021 index points
 Financial institutions development, efficiency 0.567 2021 index points
 Financial markets development 0.003 2021 index points
 Financial markets development, depth 0.009 2021 index points
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