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Madagascar Private Credit (% GDP)

Madagascar's private credit (% GDP) fell to 16.64% in 2024, down from 17.11% in 2023, according to World Bank. This represents a decrease of 0.47% from the previous year. Madagascar has private credit (% GDP) lower than the global median (16.64% vs median 39.47%). Within Africa, it ranks 26th out of 51 countries.

Yearly Historical Data (1962-2024)

(in %)
Year Private Credit (% GDP)
2024 16.64%
2023 17.11%
2022 18.64%
2021 17.85%
2020 16.42%
2019 14.21%
2018 12.97%
2017 12.71%
2016 11.89%
2015 12.31%
2014 11.67%
2013 11.08%
2012 10.12%
2011 10.18%
2010 10.87%
2009 10.14%
2008 9.7%
2007 8.78%
2006 8.78%
2005 8.5%
2004 8.61%
2003 7.54%
2002 6.66%
2001 6.98%
2000 7.35%
1999 7.21%
1998 7.56%
1997 8.28%
1996 7.86%
1995 9.47%
1994 12.39%
1993 13.65%
1992 13.26%
1991 14.26%
1990 12.89%
1989 11.43%
1988 11.69%
1987 14.54%
1986 14.44%
1985 14.4%
1984 13.45%
1983 12.18%
1982 12.44%
1981 13.29%
1980 14.11%
1979 16.33%
1978 15.11%
1977 14.92%
1976 13.6%
1975 13.69%
1974 14.21%
1973 15.15%
1972 16.46%
1971 16.54%
1970 15.8%
1969 15.04%
1968 15.35%
1967 15.56%
1966 14.05%
1965 13.58%
1964 14.89%
1963 14.01%
1962 13.09%
Madagascar Private Credit (% GDP) : Definition
Private Credit (% GDP) measures credit extended to the private sector by financial institutions during the period, expressed as a percentage of nominal GDP for Madagascar.