Madagascar—Deposit Interest Rate (%)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #6 of 113Updated April 2026
Latest Value
13.0%
2023
YoY Change
-2.8%
2022 → 2023
Global Rank
#6
of 113 countries
Maximum
19.8%
2006
Minimum
10.1%
2013
CAGR
-0.6%
24 years
Last
13.0%
Previous
13.4%
Highest
19.8%
Lowest
10.1%
Source
World Bank World Development Indicators
Madagascar's deposit interest rate (%) was 13.0% in 2023, ranking #6 out of 113 countries. This represents a -2.8% change from 2022. Over the past 24 years, the highest recorded value was 19.8% (2006) and the lowest was 10.1% (2013). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 13.0% | -2.8% |
| 2022 | 13.4% | -2.7% |
| 2021 | 13.8% | +4.3% |
| 2020 | 13.2% | +1.4% |
| 2019 | 13.0% | +2.0% |
| 2018 | 12.8% | -15.0% |
| 2017 | 15.0% | +0.0% |
| 2016 | 15.0% | +2.3% |
| 2015 | 14.7% | +33.9% |
| 2014 | 11.0% | +8.0% |
| 2013 | 10.1% | -2.4% |
| 2012 | 10.4% | -2.3% |
| 2011 | 10.7% | +3.5% |
| 2010 | 10.3% | -9.6% |
| 2009 | 11.4% | -14.1% |
| 2008 | 13.3% | -19.7% |
| 2007 | 16.5% | -16.7% |
| 2006 | 19.8% | +20.9% |
| 2005 | 16.4% | +30.0% |
| 2004 | 12.6% | +7.1% |
| 2003 | 11.8% | -2.0% |
| 2002 | 12.0% | -9.6% |
| 2001 | 13.3% | -12.0% |
| 2000 | 15.1% |
Top Countries — Deposit Interest Rate (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Turkiye | 71.0% | 2024 |
| 2 | Zimbabwe | 62.8% | 2023 |
| 3 | Argentina | 54.2% | 2024 |
| 4 | Egypt, Arab Rep. | 19.2% | 2024 |
| 5 | Uzbekistan | 18.1% | 2024 |
| 6 | Madagascar | 13.0% | 2023 |
| 7 | Ghana | 11.4% | 2023 |
| 8 | Georgia | 10.6% | 2024 |
| 9 | Rwanda | 10.3% | 2024 |
| 10 | Colombia | 10.2% | 2024 |
About This Indicator
Definition
Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Methodology
Data compiled by International Financial Statistics database, International Monetary Fund (IMF).