Madagascar Lending Rate
Lending interest rate FR.INR.LEND
Madagascar's lending rate was 53.37% in 2025, ranked 3rd globally. This represents a 0.4% decrease from 2024. Data from World Bank, covering 1989–2025.
Overview
Madagascar's lending rate stood at 53.37% in 2025, a decline of +0.22pp from 2023. Based on recent trends, this figure is projected to reach 53.37% by 2025. Madagascar ranked 3rd globally.
Madagascar’s lending rate has risen sharply over the 36‑year series, climbing from an all‑time trough of 22.25 % in 1989 to a peak of 60.00 % in 2017 before settling at 53.37 % in 2025, the third‑highest level worldwide. The steep ascent reflects persistent macro‑financial pressures, including high inflation and limited access to foreign capital, which have forced banks to price credit risk aggressively. By contrast, Brazil’s rate of 47.24 % in the same year suggests a somewhat less strained financing environment, while Argentina’s 92.48 % underscores the severity of high‑cost credit in comparable emerging markets. The sustained elevation of Madagascar’s policy rate signals tight monetary conditions that constrain private investment and consumer borrowing, potentially dampening growth prospects. Unless inflationary pressures ease or structural reforms improve financial market depth, the upward trajectory of lending costs is likely to persist, keeping credit expensive for businesses and households.
Data & projection
| Year | Lending Rate | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 54.28% | - | - |
| 2025* trend | 53.37% | - | - |
| 2025 | 53.37% | −0.22pp | #3 |
| 2023 | 53.58% | +4.75pp | #89 |
| 2022 | 48.83% | +0.55pp | #95 |
| 2021 | 48.28% | −0.58pp | #109 |
| 2020 | 48.87% | −0.13pp | #112 |
| 2019 | 49.00% | −6.39pp | #116 |
| 2018 | 55.39% | −4.61pp | #120 |
| 2017 | 60.00% | +0.00pp | #132 |
| 2016 | 60.00% | +3.28pp | #133 |
| 2015 | 56.72% | −3.28pp | #134 |
| 2014 | 60.00% | +1.02pp | #138 |
| 2013 | 58.98% | +2.86pp | #141 |
| 2012 | 56.13% | +3.63pp | #137 |
| 2011 | 52.50% | +6.50pp | #134 |
| 2010 | 46.00% | +1.38pp | #134 |
Detected Pattern
Analysis
Madagascar matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw lending rate improve within 24 months. View full analysis →
Frequently Asked Questions
Madagascar's lending rate was 53.37% in 2025. Ranked 3rd globally. This represents a 0.4% decrease from the previous year.
Madagascar's lending rate peaked at 60.00% in 2014.
The lowest lending rate in Madagascar was 22.25% in 1989.
Madagascar ranks 3rd globally in lending rate as of 2025.
The World Bank indicator code is FR.INR.LEND. Data sourced from World Bank.
Madagascar's lending rate is projected to reach 53.37% by 2025 based on trend extrapolation.
The lending rate of Madagascar in 2025 was 53.37%. This ranks 3rd in the world.
Cite this page
@misc{historysaid_madagascar_lending-rate,
title = {Madagascar Lending Rate},
url = {https://historysaid.com/madagascar/lending-rate/},
publisher = {HistorySaid},
year = {2026}
}