Financial Sector · Madagascar
Yearly data from 1989 to 2025, from the World Bank.
Madagascar's lending interest rate (%) was 60% in 2025, the latest year in the World Bank's World Development Indicators. That is up 3.28 percentage points from 56.72% in 2015.
| Value | Year | |
|---|---|---|
| Latest | 60% | 2025 |
| Five years earlier | 48.87% | 2020 |
| Ten years earlier | 56.72% | 2015 |
| Highest | 60% | 2014 |
| Lowest | 22.25% | 1989 |
| Average since 2016 | 54.4% | 2016–2025 |
| First recorded | 22.25% | 1989 |
Over five years it is up 11.13 percentage points from 48.87% in 2020. Since 1989 it is up 37.75 percentage points from 22.25% in 1989.
In 2025, Madagascar's lending interest rate (%) did not change 0 percentage points on 2024 (from 60% to 60%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +1.06 percentage points and a typical year strayed about 3.86 percentage points from that (the standard deviation). This year's change was 0.3 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 12.13 percentage points in 2007 and the biggest yearly fall was 6.39 percentage points in 2019. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
In 2025, Madagascar had the 1st highest value of the 75 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
Limitations: Countries use a variety of reporting formats, sample designs, interest compounding formulas, averaging methods, and data presentations for indices and other data series on interest rates. The IMF's Monetary and Financial Statistics Manual does not provide guidelines beyond the general recommendation that such data should reflect market prices and effective (rather than nominal) interest rates and should be representative of the financial assets and markets to be covered. For more information, please see http://www.imf.org/external/pubs/ft/mfs/manual/index.htm.
| Year | Lending interest rate (%) |
|---|---|
| 2025 | 60 |
| 2024 | 60 |
| 2023 | 53.58 |
| 2022 | 48.83 |
| 2021 | 48.28 |
| 2020 | 48.87 |
| 2019 | 49 |
| 2018 | 55.39 |
| 2017 | 60 |
| 2016 | 60 |
| 2015 | 56.72 |
| 2014 | 60 |
| 2013 | 58.98 |
| 2012 | 56.13 |
| 2011 | 52.5 |
| 2010 | 46 |
| 2009 | 44.62 |
| 2008 | 44 |
| 2007 | 40.28 |
| 2006 | 28.15 |
| 2005 | 25.88 |
| 2004 | 24.56 |
| 2003 | 24.25 |
| 2002 | 25.25 |
| 2001 | 25.5 |
| 2000 | 26.88 |
| 1999 | 27.25 |
| 1998 | 27 |
| 1997 | 30.33 |
| 1996 | 35.5 |
| 1995 | 34.75 |
| 1994 | 28.28 |
| 1993 | 25.65 |
| 1992 | 25 |
| 1991 | 25.48 |
| 1990 | 25.8 |
| 1989 | 22.25 |
Every indicator for Madagascar is on the Madagascar data page.
World Bank, World Development Indicators, indicator FR.INR.LEND, licensed CC BY 4.0. Original source: International Financial Statistics database, International Monetary Fund (IMF) 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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