Madagascar—Firms Using Banks to Finance Investment (%)
Category: FinanceSource: World Bank World Development Indicators ↗Global Rank: #112 of 117Updated April 2026
Latest Value
4.1%
2022
YoY Change
-68.5%
2013 → 2022
Global Rank
#112
of 117 countries
Maximum
13.0%
2013
Minimum
4.1%
2022
CAGR
-8.0%
3 years
Last
4.1%
Previous
13.0%
Highest
13.0%
Lowest
4.1%
Source
World Bank World Development Indicators
Madagascar's firms using banks to finance investment (%) was 4.1% in 2022, ranking #112 out of 117 countries. This represents a -68.5% change from 2013. Over the past 3 years, the highest recorded value was 13.0% (2013) and the lowest was 4.1% (2022). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 4.1% | -68.5% |
| 2013 | 13.0% | +7.3% |
| 2009 | 12.2% |
Top Countries — Firms Using Banks to Finance Investment (%)
About This Indicator
Definition
Percentage of firms using banks to finance purchases of fixed assets.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.