Madagascar—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development Indicators ↗Global Rank: #83 of 116Updated April 2026
Latest Value
12 years
2022
YoY Change
-16.2%
2013 → 2022
Global Rank
#83
of 116 countries
Maximum
41 years
2009
Minimum
12 years
2022
CAGR
-9.1%
3 years
Last
12 years
Previous
14 years
Highest
41 years
Lowest
12 years
Source
World Bank World Development Indicators
Madagascar's average firm age (years) was 12 years in 2022, ranking #83 out of 116 countries. This represents a -16.2% change from 2013. Over the past 3 years, the highest recorded value was 41 years (2009) and the lowest was 12 years (2022). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2022 | 12 years | -16.2% |
| 2013 | 14 years | -65.3% |
| 2009 | 41 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.