Broad money to total reserves ratio in Madagascar
Madagascar: Broad money to total reserves ratio was 1.72 in 2024. ◆ Volatile
Broad money to total reserves ratio in Madagascar, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
Madagascar recorded 1.72 for broad money to total reserves ratio in 2024.
That represents a change of up 5.4% on the previous year and down 50.0% over ten years.
Over the whole period, broad money to total reserves ratio in Madagascar peaked at 131.21 in 1979 and was at its lowest, 1.64, in 2023.
That places Madagascar 137th out of 158 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.97 | 2.24 | 9.48 | 8 |
| 1970s | 19.42 | 4.49 | 131.21 | 10 |
| 1980s | 19.39 | 1.69 | 88.23 | 10 |
| 1990s | 5.76 | 2.57 | 10.28 | 10 |
| 2000s | 2.4 | 2.03 | 3.09 | 10 |
| 2010s | 2.52 | 2.03 | 3.44 | 10 |
| 2020s | 1.79 | 1.64 | 1.99 | 5 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- Domestic credit to private sector 16.5% (2024)
- Claims on central government, etc. 5.7% (2024)
- Broad money 27.3% (2024)
- Monetary Sector credit to private sector 16.5% (2024)
- Net foreign assets 10.30 trillion current LCU (2024)
- Net domestic credit 17.77 trillion current LCU (2024)
- Net migration -2,227 (2025)
- Total reserves in months of imports 5.5 (2024)
- Domestic credit to private sector by banks 16.3% (2024)
- Official exchange rate 4,530 LCU per US$, period average (2025)
Frequently asked questions
- What is broad money to total reserves ratio in Madagascar?
- Broad money to total reserves ratio in Madagascar was 1.72 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest broad money to total reserves ratio recorded in Madagascar?
- The highest recorded value was 131.21 in 1979.
- What is the lowest broad money to total reserves ratio recorded in Madagascar?
- The lowest recorded value was 1.64 in 2023.
- How does Madagascar rank for broad money to total reserves ratio?
- Madagascar ranks 137th out of 158 countries with data for 2024.
- Is broad money to total reserves ratio rising or falling in Madagascar?
- Over the last ten years it is down 50.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Broad money to total reserves ratio. Statizoid updates them automatically from the source API.
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About this data
Broad money is the sum of all liquid financial instruments held by money-holding sectors that are widely accepted in an economy as a medium of exchange, plus those that can be converted into a medium of exchange at short notice at, or close to, their full nominal value. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed as a ratio (a÷b).