Madagascar: Financial markets development, depth

The latest value from 2021 is 0.009 index points, a decline from 0.01 index points in 2020. In comparison, the world average is 0.255 index points, based on data from 157 countries. Historically, the average for Madagascar from 1980 to 2021 is 0.017 index points. The minimum value, 0.009 index points, was reached in 2017 while the maximum of 0.026 index points was recorded in 1987. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Measures the depth (size) of financial markets using the principal component methodology with the following variables: Stock market capitalization to GDP; Stocks traded to GDP; International debt securities of government to GDP; Total debt securities of financial corporations to GDP; and Total debt securities of nonfinancial corporations to GDP. See Svirydzenka, Katsiaryna (IMF, 2016) for more detail.