PNG, commercial banks and other creditors (NFL, current US$) in Madagascar
Madagascar: PNG, commercial banks and other creditors (NFL, current US$) was -8.67 million NFL, current US$ in 2025. ◆ Volatile
PNG, commercial banks and other creditors in Madagascar, 2008–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
In 2025, png, commercial banks and other creditors in Madagascar stood at -8.67 million NFL, current US$. That is the lowest value across all 18 years on record.
Compared with earlier readings it is down 664.9% over ten years.
Over the whole period, png, commercial banks and other creditors in Madagascar peaked at 57.63 million NFL, current US$ in 2018 and was at its lowest, -8.67 million NFL, current US$, in 2021.
Madagascar ranks 61st of 93 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
PNG, commercial banks and other creditors (NFL, current US$) in Madagascar, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 2008 | -665,000 NFL, current US$ | — |
| 2009 | -1.34 million NFL, current US$ | +102.0% |
| 2010 | -1.20 million NFL, current US$ | -10.7% |
| 2011 | -879,000 NFL, current US$ | -26.7% |
| 2012 | -2.31 million NFL, current US$ | +163.0% |
| 2013 | -528,000 NFL, current US$ | -77.2% |
| 2014 | -1.31 million NFL, current US$ | +149.1% |
| 2015 | -1.13 million NFL, current US$ | -13.8% |
| 2016 | -7.74 million NFL, current US$ | +583.1% |
| 2017 | 24.70 million NFL, current US$ | -419.2% |
| 2018 | 57.63 million NFL, current US$ | +133.3% |
| 2019 | 17.72 million NFL, current US$ | -69.2% |
| 2020 | 2.64 million NFL, current US$ | -85.1% |
| 2021 | -8.67 million NFL, current US$ | -427.8% |
| 2022 | -8.67 million NFL, current US$ | -0.0% |
| 2023 | -8.67 million NFL, current US$ | -0.0% |
| 2024 | -8.67 million NFL, current US$ | -0.0% |
| 2025 | -8.67 million NFL, current US$ | -0.0% |
Madagascar compared with similar countries
- Madagascar's -8.67 million NFL, current US$ is below the median for low income countries, which is 50.25 million NFL, current US$. (9 countries reporting)
- Madagascar's -8.67 million NFL, current US$ is above the median for Sub-Saharan Africa, which is -8.67 million NFL, current US$, 1.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.00 million NFL, current US$ | -1.34 million NFL, current US$ | -665,000 NFL, current US$ | 2 |
| 2010s | 8.50 million NFL, current US$ | -7.74 million NFL, current US$ | 57.63 million NFL, current US$ | 10 |
| 2020s | -6.78 million NFL, current US$ | -8.67 million NFL, current US$ | 2.64 million NFL, current US$ | 6 |
Countries ranked near Madagascar
- 58 Turkmenistan -5.30 million NFL, current US$ compare
- 59 Niger -6.52 million NFL, current US$
- 60 Bolivia -7.58 million NFL, current US$ compare
- 62 Maldives -11.85 million NFL, current US$ compare
- 63 Liberia -16.49 million NFL, current US$ compare
- 64 Guinea-Bissau -23.60 million NFL, current US$ compare
More external debt data for Madagascar
- Net financial flows, IBRD 0 NFL, current US$ (2000)
- IFC, private nonguaranteed (NFL, US$), per capita 1.14 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0021 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 43.93 NFL, US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), per capita 10.45 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.019 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 565.13 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 1.48 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 5.67 billion DOD, current US$ (2025)
- External debt stocks, long-term 6.15 billion DOD, current US$ (2025)
Frequently asked questions
- What is png, commercial banks and other creditors in Madagascar?
- Png, commercial banks and other creditors in Madagascar was -8.67 million NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest png, commercial banks and other creditors recorded in Madagascar?
- The highest recorded value was 57.63 million NFL, current US$ in 2018.
- What is the lowest png, commercial banks and other creditors recorded in Madagascar?
- The lowest recorded value was -8.67 million NFL, current US$ in 2021.
- How does Madagascar rank for png, commercial banks and other creditors?
- Madagascar ranks 61st out of 93 countries with data for 2025.
- Is png, commercial banks and other creditors rising or falling in Madagascar?
- Over the last ten years it is down 664.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of PNG, commercial banks and other creditors (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Nonguaranteed long-term commercial bank loans from private banks and other private financial institutions. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.