PPG, commercial banks in Madagascar

Madagascar: PPG, commercial banks was 22.92 million NFL, current US$ in 2024. ◆ Volatile

Latest (2024)
22.92 million NFL, current US$
Change on year
up 47.3%
World rank
24th
of 116 countries
All-time high
71.74 million NFL, current US$
in 1979
All-time low
-46.21 million NFL, current US$
in 1986
Years of data
52
1970–2024

PPG, commercial banks in Madagascar, 1970–2024

-50.0M-25.0M025.0M50.0M75.0M197019972024

Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.

Analysis

The most recent figure for ppg, commercial banks in Madagascar is 22.92 million NFL, current US$, measured in 2024.

Compared with earlier readings it is up 47.3% on the previous year and up 15.2% over ten years.

Over the whole period, ppg, commercial banks in Madagascar peaked at 71.74 million NFL, current US$ in 1979 and was at its lowest, -46.21 million NFL, current US$, in 1986.

That places Madagascar 24th out of 116 countries with data for 2024, putting it in the top quarter.

The series is highly variable year to year, so single readings are best treated with caution.

PPG, commercial banks in Madagascar, year by year

Annual values for PPG, commercial banks (NFL, current US$) in Madagascar, 1970 to 2024.
Year NFL, current US$ Change
1970 -87,000 NFL, current US$ —
1971 2.38 million NFL, current US$ -2839.1%
1972 2.29 million NFL, current US$ -3.8%
1973 630,000 NFL, current US$ -72.5%
1974 -479,000 NFL, current US$ -176.0%
1975 -480,000 NFL, current US$ +0.2%
1976 471,000 NFL, current US$ -198.1%
1977 6.35 million NFL, current US$ +1248.0%
1978 5.46 million NFL, current US$ -14.0%
1979 71.74 million NFL, current US$ +1213.3%
1980 50.30 million NFL, current US$ -29.9%
1981 25.82 million NFL, current US$ -48.7%
1982 14.83 million NFL, current US$ -42.6%
1983 6.27 million NFL, current US$ -57.7%
1984 883,000 NFL, current US$ -85.9%
1985 -1.33 million NFL, current US$ -250.7%
1986 -46.21 million NFL, current US$ +3371.7%
1987 -17.88 million NFL, current US$ -61.3%
1988 -13.51 million NFL, current US$ -24.5%
1989 -11.43 million NFL, current US$ -15.3%
1990 -10.41 million NFL, current US$ -8.9%
1991 -2.66 million NFL, current US$ -74.5%
1992 -2.08 million NFL, current US$ -21.6%
1993 -1.33 million NFL, current US$ -36.2%
1994 -1.17 million NFL, current US$ -12.2%
1995 -706,000 NFL, current US$ -39.6%
1996 -1.98 million NFL, current US$ +180.6%
1997 -467,000 NFL, current US$ -76.4%
1998 -455,000 NFL, current US$ -2.6%
1999 -436,000 NFL, current US$ -4.2%
2000 -378,000 NFL, current US$ -13.3%
2001 -1.91 million NFL, current US$ +405.8%
2002 0 NFL, current US$ -100.0%
2004 -1.09 million NFL, current US$ —
2005 -1.02 million NFL, current US$ -6.6%
2006 -3.20 million NFL, current US$ +214.8%
2007 -428,000 NFL, current US$ -86.6%
2008 100,000 NFL, current US$ -123.4%
2010 -13,000 NFL, current US$ -113.0%
2011 -43,000 NFL, current US$ +230.8%
2012 -15,000 NFL, current US$ -65.1%
2013 19.89 million NFL, current US$ -132700.0%
2015 62.59 million NFL, current US$ +214.7%
2016 -7.65 million NFL, current US$ -112.2%
2017 43.55 million NFL, current US$ -669.6%
2018 40.00 million NFL, current US$ -8.2%
2019 -9.08 million NFL, current US$ -122.7%
2020 -12.54 million NFL, current US$ +38.0%
2021 -24.89 million NFL, current US$ +98.5%
2022 -17.49 million NFL, current US$ -29.7%
2023 15.56 million NFL, current US$ -189.0%
2024 22.92 million NFL, current US$ +47.3%

Madagascar compared with similar countries

  • Madagascar's 22.92 million NFL, current US$ is above the median for low income countries, which is -249,000 NFL, current US$. (20 countries reporting)
  • Madagascar's 22.92 million NFL, current US$ is above the median for Sub-Saharan Africa, which is -140,000 NFL, current US$. (41 countries reporting)

Biggest year-on-year movements

Years where PPG, commercial banks in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2013 +132700.0% -15,000 NFL, current US$ 19.89 million NFL, current US$
1986 -3371.7% -1.33 million NFL, current US$ -46.21 million NFL, current US$
1971 +2839.1% -87,000 NFL, current US$ 2.38 million NFL, current US$
1977 +1248.0% 471,000 NFL, current US$ 6.35 million NFL, current US$
1979 +1213.3% 5.46 million NFL, current US$ 71.74 million NFL, current US$
2017 +669.6% -7.65 million NFL, current US$ 43.55 million NFL, current US$

Averages by decade

DecadeAverage LowestHighest Years
1970s 8.83 million NFL, current US$ -480,000 NFL, current US$ 71.74 million NFL, current US$ 10
1980s 774,000 NFL, current US$ -46.21 million NFL, current US$ 50.30 million NFL, current US$ 10
1990s -2.17 million NFL, current US$ -10.41 million NFL, current US$ -436,000 NFL, current US$ 10
2000s -990,000 NFL, current US$ -3.20 million NFL, current US$ 100,000 NFL, current US$ 8
2010s 16.58 million NFL, current US$ -9.08 million NFL, current US$ 62.59 million NFL, current US$ 9
2020s -3.29 million NFL, current US$ -24.89 million NFL, current US$ 22.92 million NFL, current US$ 5

Countries ranked near Madagascar

  1. 21 Burkina Faso 62.99 million NFL, current US$ compare
  2. 22 Pakistan 54.89 million NFL, current US$ compare
  3. 23 Guyana 23.47 million NFL, current US$ compare
  4. 25 Liberia 21.35 million NFL, current US$ compare
  5. 26 Ethiopia 8.86 million NFL, current US$ compare
  6. 27 Mongolia 2.88 million NFL, current US$ compare

See the full ranking of 128 places →

More external debt data for Madagascar

All data for Madagascar →

Frequently asked questions

What is ppg, commercial banks in Madagascar?
Ppg, commercial banks in Madagascar was 22.92 million NFL, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest ppg, commercial banks recorded in Madagascar?
The highest recorded value was 71.74 million NFL, current US$ in 1979.
What is the lowest ppg, commercial banks recorded in Madagascar?
The lowest recorded value was -46.21 million NFL, current US$ in 1986.
How does Madagascar rank for ppg, commercial banks?
Madagascar ranks 24th out of 116 countries with data for 2024.
Is ppg, commercial banks rising or falling in Madagascar?
Over the last ten years it is up 15.2%. 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 PPG, commercial banks (NFL, current US$). Statizoid updates them automatically from the source API.

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PPG, commercial banks in Madagascar. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 27 September 2026, from https://debt.statizoid.com/stat/ppg-commercial-banks-nfl-current-us/madagascar/

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About this data

Indicator
PPG, commercial banks (NFL, current US$)
Unit
NFL, current US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
128 places, 4,660 data points, 1970–2024
Last refreshed

Public and publicly guaranteed 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.