Bank assets as a share of GDP reached 27.2 % in 2020 in Madagascar, according to the National Central Bank. This is 13.7 % more than in the previous year.
Historically, bank assets as a share of GDP in Madagascar reached an all time high of 27.2 % in 2020 and an all time low of % in. When compared to Madagascar's main peers, bank assets as a share of GDP in South Africa amounted to 133 % and 23.4 % in Tanzania in 2020.
Madagascar has been ranked 48th within the group of 53 countries we follow in terms of bank assets as a share of GDP, 101 places above the position seen 10 years ago.
Banking assets are everything that a bank owns, including loans, securities, and physical assets such as buildings.