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CPIA financial sector rating (1=low to 6=high) in Madagascar

Madagascar: CPIA financial sector rating was 3 1=low to 6=high in 2025. ▼ Falling

Latest (2025)
3 1=low to 6=high
Change on year
unchanged
World rank
28th
of 85 countries
All-time high
3.5 1=low to 6=high
in 2005
All-time low
2.5 1=low to 6=high
in 2012
Years of data
21
2005–2025

CPIA financial sector rating in Madagascar, 2005–2025

012342005201520252005: 3.5 1=low to 6=high2006: 3.5 1=low to 6=high2007: 3.5 1=low to 6=high2008: 3 1=low to 6=high2009: 3 1=low to 6=high2010: 3 1=low to 6=high2011: 3 1=low to 6=high2012: 2.5 1=low to 6=high2013: 2.5 1=low to 6=high2014: 2.5 1=low to 6=high2015: 2.5 1=low to 6=high2016: 2.5 1=low to 6=high2017: 3 1=low to 6=high2018: 3 1=low to 6=high2019: 3 1=low to 6=high2020: 3 1=low to 6=high2021: 3 1=low to 6=high2022: 3 1=low to 6=high2023: 3 1=low to 6=high2024: 3 1=low to 6=high2025: 3 1=low to 6=high

Source: CPIA database, World Bank Group (WBG). Measured in 1=low to 6=high.

Analysis

In 2025, cpia financial sector rating in Madagascar stood at 3 1=low to 6=high.

The figure is up 20.0% over ten years.

Over the whole period, cpia financial sector rating in Madagascar peaked at 3.5 1=low to 6=high in 2005 and was at its lowest, 2.5 1=low to 6=high, in 2012.

That places Madagascar 28th out of 85 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently falling across the 21 years of available data.

CPIA financial sector rating in Madagascar, year by year

Year 1=low to 6=high Change
2005 3.5 1=low to 6=high —
2006 3.5 1=low to 6=high +0.0%
2007 3.5 1=low to 6=high +0.0%
2008 3 1=low to 6=high -14.3%
2009 3 1=low to 6=high +0.0%
2010 3 1=low to 6=high +0.0%
2011 3 1=low to 6=high +0.0%
2012 2.5 1=low to 6=high -16.7%
2013 2.5 1=low to 6=high +0.0%
2014 2.5 1=low to 6=high +0.0%
2015 2.5 1=low to 6=high +0.0%
2016 2.5 1=low to 6=high +0.0%
2017 3 1=low to 6=high +20.0%
2018 3 1=low to 6=high +0.0%
2019 3 1=low to 6=high +0.0%
2020 3 1=low to 6=high +0.0%
2021 3 1=low to 6=high +0.0%
2022 3 1=low to 6=high +0.0%
2023 3 1=low to 6=high +0.0%
2024 3 1=low to 6=high +0.0%
2025 3 1=low to 6=high +0.0%

Madagascar compared with similar countries

  • Madagascar's 3 1=low to 6=high is above the median for low income countries, which is 2.5 1=low to 6=high, 1.2× the median. (23 countries reporting)
  • Madagascar's 3 1=low to 6=high is above the median for Sub-Saharan Africa, which is 3 1=low to 6=high, 1.0× the median. (40 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 3.3 1=low to 6=high 3 1=low to 6=high 3.5 1=low to 6=high 5
2010s 2.75 1=low to 6=high 2.5 1=low to 6=high 3 1=low to 6=high 10
2020s 3 1=low to 6=high 3 1=low to 6=high 3 1=low to 6=high 6

Countries ranked near Madagascar

  1. 28 Azerbaijan 3 1=low to 6=high compare
  2. 28 Benin 3 1=low to 6=high compare
  3. 28 Bhutan 3 1=low to 6=high compare
  4. 28 Bolivia 3 1=low to 6=high compare
  5. 28 Burkina Faso 3 1=low to 6=high compare
  6. 28 Burundi 3 1=low to 6=high compare
  7. 28 Cambodia 3 1=low to 6=high compare
  8. 28 Cameroon 3 1=low to 6=high compare
  9. 28 Djibouti 3 1=low to 6=high compare
  10. 28 Ethiopia 3 1=low to 6=high compare
  11. 28 Guinea 3 1=low to 6=high compare
  12. 28 Lesotho 3 1=low to 6=high compare
  13. 28 Liberia 3 1=low to 6=high compare
  14. 28 Maldives 3 1=low to 6=high compare
  15. 28 Mali 3 1=low to 6=high compare
  16. 28 Nigeria 3 1=low to 6=high compare
  17. 28 Papua New Guinea 3 1=low to 6=high compare
  18. 28 Solomon Islands 3 1=low to 6=high compare
  19. 28 Sri Lanka 3 1=low to 6=high compare
  20. 28 Saint Vincent and the Grenadines 3 1=low to 6=high compare
  21. 28 Togo 3 1=low to 6=high compare
  22. 28 Uzbekistan 3 1=low to 6=high compare
  23. 28 Vanuatu 3 1=low to 6=high compare
  24. 28 Vietnam 3 1=low to 6=high compare
  25. 28 Zimbabwe 3 1=low to 6=high compare

See the full ranking of 127 places →

More public sector data for Madagascar

All data for Madagascar →

Frequently asked questions

What is cpia financial sector rating in Madagascar?
Cpia financial sector rating in Madagascar was 3 1=low to 6=high in 2025, according to CPIA database, World Bank Group (WBG).
What is the highest cpia financial sector rating recorded in Madagascar?
The highest recorded value was 3.5 1=low to 6=high in 2005.
What is the lowest cpia financial sector rating recorded in Madagascar?
The lowest recorded value was 2.5 1=low to 6=high in 2012.
How does Madagascar rank for cpia financial sector rating?
Madagascar ranks 28th out of 85 countries with data for 2025.
Is cpia financial sector rating rising or falling in Madagascar?
Over the last ten years it is up 20.0%. The long-run trend across the full record is falling.
Where does this Madagascar data come from?
The figures come from CPIA database, World Bank Group (WBG), published as part of CPIA financial sector rating (1=low to 6=high). Statizoid updates them automatically from the source API.

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CPIA financial sector rating in Madagascar. Statizoid, drawing on CPIA database, World Bank Group (WBG). Retrieved 07 October 2026, from https://public-sector.statizoid.com/stat/cpia-financial-sector-rating-1-low-to-6-high/madagascar/

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About this data

Indicator
CPIA financial sector rating (1=low to 6=high)
Unit
1=low to 6=high
Source
CPIA database, World Bank Group (WBG)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
127 places, 2,460 data points, 2005–2025
Last refreshed

The CPIA measures the extent to which a country’s policy and institutional framework supports sustainable growth and poverty reduction, and consequently the effective use of development assistance. The outcome of the exercise yields both an overall score and scores for sixteen criteria that compose the CPIA. These criteria include: A. Economic Management (1. Monetary and Exchange Rate Policies; 2. Fiscal Policy; 3. Debt Policy and Management), B. Structural Policies (4. Trade; 5. Financial Sector; 6. Business Regulatory Environment), C. Policies for Social Inclusion/Equity (7. Gender equality; 8. Equity of public resource use; 9. Building human resources; 10. Social protection and labor; 11. Policies and institutions for environmental sustainability), D. Public Sector Management and Institutions (12. Property rights and rule-based governance; 13. Quality of budgetary and financial management; 14. Efficiency of revenue mobilization; 15. Quality of public administration; 16. Transparency, accountability, and corruption in the public sector). The financial sector criterion assesses the policies and regulations that affect financial sector development. Three dimensions are covered: (a) financial stability; (b) the sector’s efficiency, depth, and resource mobilization strength; and (c) access to financial services.