Madagascar's financial Intermediary Services Indirectly Measured (FISIM) (current LCU) was 1.35 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 100.02% from 676.4 billion in 2014 (7.18% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.35 trillion | 2024 |
| Five years earlier | 949.85 billion | 2019 |
| Ten years earlier | 676.4 billion | 2014 |
| Highest | 1.35 trillion | 2024 |
| Lowest | 253.52 billion | 2007 |
| Average since 2015 | 1.04 trillion | 2015–2024 |
| First recorded | 253.52 billion |
What the numbers say
In 2024, Madagascar's financial Intermediary Services Indirectly Measured (FISIM) (current LCU) rose 11.2% on 2023 (from 1.22 trillion to 1.35 trillion).
Across the 16 yearly changes before that (2008 to 2023), the average change was +11.5% and a typical year strayed about 17.6% from that (the standard deviation). This year's change was 0.0 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 61.7% in 2008 and the biggest yearly fall was 12.6% in 2018. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 76.52 billion a year. A straight line explains 86% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 1.59 trillion for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was 43.76 billion, against 58.7 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
Closest to Madagascar in the 2024 ranking
- Algeria — 2nd of 8: 706.87 billion
- Vanuatu — 3rd of 8: 5.7 billion
- Tajikistan — 4th of 8: 1.99 billion
What this measures
Financial intermediation services which are implicitly charged in the form of either the difference between a reference rate and the interest rate actually paid to depositors, or the difference between the interest rate charged to borrowers and a reference rate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 18 values
| Year | Financial Intermediary Services Indirectly Measured (FISIM) (current LCU) |
|---|---|
| 2024 | 1,352,905,320,306 |
| 2023 | 1,216,667,797,547 |
| 2022 | 1,250,796,467,971 |
| 2021 | 1,290,665,032,300 |
| 2020 | 1,222,738,240,500 |
| 2019 | 949,847,941,500 |
| 2018 | 775,443,438,400 |
| 2017 | 887,695,930,000 |
| 2016 | 817,791,207,400 |
| 2015 | 664,150,224,900 |
Financial Intermediary Services Indirectly Measured (FISIM) (current LCU) in nearby economies
- Burundi — 656.81 billion (2025)
- Central African Republic — 15.94 billion (2023)
- Comoros — 4.1 billion (2025)
- Congo, Dem. Rep. — 1.21 trillion (2025)
- Congo, Rep. — 216.83 billion (2020)
- Equatorial Guinea — 78.57 billion (2025)
- Ethiopia — 146.66 billion (2025)
- Guinea — 3.66 trillion (2022)
More economic policy & debt data for Madagascar
- General government final consumption expenditure (current US$) — US$2.87 billion (2025)
- General government final consumption expenditure (current LCU) — 12.99 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$1.53 billion (2025)
- General government final consumption expenditure (constant LCU) — 2.01 trillion (2025)
- General government final consumption expenditure (% of GDP) — 14.61% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$14.29 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 64.71 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Madagascar's financial Intermediary Services Indirectly Measured (FISIM) (current LCU)?
- 1.35 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 433.65% from 253.52 billion in 2007 (10.35% a year on average, compounded). The highest value was 1.35 trillion in 2024 and the lowest 253.52 billion in 2007.
Source
World Bank, World Development Indicators, indicator NV.FSM.TOTL.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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