Bank branches — all countries

Bank branches — Madagascar

Bank branches in Madagascar in 2024 — 2.71 per 100k. Ranked 144 in the world out of 153. Since 2004, the indicator has risen by 151%.

2024 2.71 per 100k −1.03% vs 2023
World rank 144of 153
Period maximum 2.85 per 100k2021
Period minimum 1.08 per 100k2005

Trend over time

2004–2024 · per 100,000 adults

Bank branches — Madagascar, 2004–202411.522.53200420062008201020122014201620182020202220242004: 1.08 per 100k2005: 1.08 per 100k2006: 1.1 per 100k2007: 1.22 per 100k2008: 1.28 per 100k2009: 1.36 per 100k2010: 1.41 per 100k2011: 1.47 per 100k2012: 1.55 per 100k2013: 1.61 per 100k2014: 1.82 per 100k2015: 1.98 per 100k2016: 2.11 per 100k2017: 2.22 per 100k2018: 2.28 per 100k2019: 2.36 per 100k2020: 2.42 per 100k2021: 2.85 per 100k2022: 2.84 per 100k2023: 2.74 per 100k2024: 2.71 per 100k
Change over the period: +1.63 (+151.04%) Average annual rate: 4.71 %

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Madagascar

Madagascar 2.71 per 100k
World 11.12 per 100k
Sub-Saharan Africa 4.01 per 100k
Eastern Africa computed 3.14 per 100k
Bank branches — Madagascar, by year Madagascar All countries CSV XLSX
Year per 100k Change Change, %
2024 2.71 −0.03 −1.03%
2023 2.74 −0.1 −3.47%
2022 2.84 −0.01 −0.2%
2021 2.85 +0.43 +17.83%
2020 2.42 +0.06 +2.44%
2019 2.36 +0.07 +3.24%
2018 2.28 +0.06 +2.74%
2017 2.22 +0.11 +5.28%
2016 2.11 +0.13 +6.72%
2015 1.98 +0.16 +8.6%
2014 1.82 +0.21 +13.16%
2013 1.61 +0.06 +4.08%
2012 1.55 +0.08 +5.26%
2011 1.47 +0.06 +4.32%
2010 1.41 +0.05 +3.74%
2009 1.36 +0.07 +5.75%
2008 1.28 +0.06 +5.18%
2007 1.22 +0.12 +11.37%
2006 1.1 +0.02 +1.92%
2005 1.08 −0.01 −0.49%
2004 1.08

About the indicator

The number of commercial bank branches per 100,000 adults. The indicator was conceived as a measure of access to financial services, but it now calls for care in reading: in countries where banking has moved onto the phone, branches are closing, and a falling value means not a loss of access but a change in its form. The clearest case is Kenya and other countries of East Africa, where mobile money reached the population bypassing branches altogether.

Important: A measure of the physical presence of banks, not of access to financial services. Where mobile payments are widespread, a low value does not indicate financial exclusion.

Source: World Development Indicators (World Bank), license CC BY 4.0.