Madagascar: Financial freedom

* indicates monthly or quarterly data series
 Madagascar

Financial freedom index (0-100)

 Latest value 50
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 46
 Min - Max 30 - 50
 Source The Heritage Foundation
For that indicator, we provide data for Madagascar from 1995 to 2024. The average value for Madagascar during that period was 46 points with a minimum of 30 points in 1995 and a maximum of 50 points in 2001. The latest value from 2024 is 50 points. For comparison, the world average in 2024 based on 175 countries is 49 points. 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 values chart
Madagascar - Financial freedom - recent values

Historical chart
Madagascar - Financial freedom - historical chart - 1995-2024




The Financial Freedom index for Madagascar from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.


 Related indicators Latest value Reference Measure
 Property rights 41 2024 points
 Freedom from corruption 25 2024 points
 Fiscal freedom 64 2024 points
 Business freedom 38 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 73.00 2024 points
 Trade freedom 68 2024 points
 Investment freedom 55 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 57 2024 index points
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