Broad Money (As % of GDP) fell 3.35% to 0.271% in Madagascar in 2023

Broad Money (As % of GDP) (%), 2023
Economy | Madagascar | September 1, 2025
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Broad money as a share of GDP fell 3.35% to 0.271% in Madagascar in 2023, according to the National Statistical Office.

Historically, broad money as a share of GDP in Madagascar reached an all time high of 0.282% in 2020 and an all time low of 0.103% in 1983.

Madagascar has been ranked 96th within the group of 107 countries we follow in terms of broad money as a share of GDP, 38 places above the position seen 10 years ago.

Broad Money (As % of GDP) Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Botswana % 0.452% 0.471% 0.524% 0.453% 0.401%
Kenya % 0.394% 0.381% 0.412% 0.390% 0.374% ...
Lesotho % 0.396% 0.353% 0.423% ... ... ... ...
Madagascar % 0.256% 0.246% 0.282% 0.282% 0.281% ...
Malawi % 0.166% 0.160% 0.175% 0.201% 0.236% ...
Mozambique % 0.461% 0.488% 0.590% 0.562% 0.536% ...
Namibia % 0.576% 0.636% 0.715% 0.726% ... ... ...
South Africa % 0.661% 0.669% 0.740% 0.700% 0.711%
Swaziland % 0.293% 0.275% 0.312% 0.301% 0.284% ... ...
Tanzania % 0.200% 0.203% 0.197% 0.213% 0.221% ...
Uganda % 0.194% 0.205% 0.227% 0.225% 0.220%
Zambia % 0.229% 0.236% 0.312% 0.243% 0.271% ...