Financial and insurance activities (banking), value added in Madagascar
Madagascar: Financial and insurance activities (banking), value added was 14.94 billion constant LCU in 2009. ▲ Rising
Financial and insurance activities (banking), value added in Madagascar, 1984–2009
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in constant LCU.
Analysis
The most recent figure for financial and insurance activities (banking), value added in Madagascar is 14.94 billion constant LCU, measured in 2009. That is the highest value across all 26 years on record.
That represents a change of up 16.7% on the previous year and up 135.8% over ten years.
Over the whole period, financial and insurance activities (banking), value added in Madagascar peaked at 14.94 billion constant LCU in 2009 and was at its lowest, 4.93 billion constant LCU, in 1991.
Madagascar ranks 14th of 31 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 26 years of available data.
Financial and insurance activities (banking), value added in Madagascar, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1984 | 5.78 billion constant LCU | — |
| 1985 | 5.43 billion constant LCU | -6.0% |
| 1986 | 5.53 billion constant LCU | +1.9% |
| 1987 | 6.27 billion constant LCU | +13.4% |
| 1988 | 6.12 billion constant LCU | -2.4% |
| 1989 | 6.50 billion constant LCU | +6.1% |
| 1990 | 6.62 billion constant LCU | +1.8% |
| 1991 | 4.93 billion constant LCU | -25.6% |
| 1992 | 4.93 billion constant LCU | +0.2% |
| 1993 | 4.98 billion constant LCU | +1.0% |
| 1994 | 5.06 billion constant LCU | +1.6% |
| 1995 | 5.14 billion constant LCU | +1.5% |
| 1996 | 5.22 billion constant LCU | +1.5% |
| 1997 | 5.32 billion constant LCU | +2.0% |
| 1998 | 5.96 billion constant LCU | +12.0% |
| 1999 | 6.34 billion constant LCU | +6.4% |
| 2000 | 6.93 billion constant LCU | +9.4% |
| 2001 | 7.49 billion constant LCU | +8.1% |
| 2002 | 7.86 billion constant LCU | +4.9% |
| 2003 | 8.85 billion constant LCU | +12.6% |
| 2004 | 9.29 billion constant LCU | +5.0% |
| 2005 | 9.90 billion constant LCU | +6.6% |
| 2006 | 11.31 billion constant LCU | +14.2% |
| 2007 | 12.31 billion constant LCU | +8.9% |
| 2008 | 12.81 billion constant LCU | +4.0% |
| 2009 | 14.94 billion constant LCU | +16.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 5.94 billion constant LCU | 5.43 billion constant LCU | 6.50 billion constant LCU | 6 |
| 1990s | 5.45 billion constant LCU | 4.93 billion constant LCU | 6.62 billion constant LCU | 10 |
| 2000s | 10.17 billion constant LCU | 6.93 billion constant LCU | 14.94 billion constant LCU | 10 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Gross value added at basic prices (GVA) (current US$), annual growth 11.52 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.9244 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 553.93 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 11.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 4,187 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 2.51 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6902 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 413.62 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.99 % change on previous year (2025)
Frequently asked questions
- What is financial and insurance activities (banking), value added in Madagascar?
- Financial and insurance activities (banking), value added in Madagascar was 14.94 billion constant LCU in 2009, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest financial and insurance activities (banking), value added recorded in Madagascar?
- The highest recorded value was 14.94 billion constant LCU in 2009.
- What is the lowest financial and insurance activities (banking), value added recorded in Madagascar?
- The lowest recorded value was 4.93 billion constant LCU in 1991.
- How does Madagascar rank for financial and insurance activities (banking), value added?
- Madagascar ranks 14th out of 31 countries with data for 2009.
- Is financial and insurance activities (banking), value added rising or falling in Madagascar?
- Over the last ten years it is up 135.8%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of Financial and insurance activities (banking), value added (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Value added in banking is defined as the value of output of the banking industry less the value of intermediate consumption (intermediate inputs). Banking is a subset of services, comprising financial intermediation (ISIC 65-67). Data are in constant local currency.