Estonia vs Madagascar: Total reserves minus gold

Estonia
2.40 billion current US$
in 2025
Madagascar
2.78 billion current US$
in 2024
Estonia rank
124th
Madagascar rank
121st

Total reserves minus gold over time

  • Estonia
  • Madagascar
01.0B2.0B3.0B4.0B196219932025

How they compare

Madagascar currently reports 2.78 billion current US$ against 2.40 billion current US$ in Estonia, a difference of 380.71 million current US$.

That makes Madagascar's figure about 1.2 times Estonia's.

The two have swapped places 3 times across 33 shared years of data; in 1992 it was Estonia ahead.

Estonia ranks 124th and Madagascar ranks 121st of 181 countries.

Across the 4 decades both report, Estonia averaged higher in 2 and Madagascar in 2.

Head to head by decade

Decade Estonia Madagascar Difference Ahead
1990s 579.77 million current US$ 158.34 million current US$ 421.43 million current US$ Estonia
2000s 2.18 billion current US$ 584.01 million current US$ 1.60 billion current US$ Estonia
2010s 701.30 million current US$ 1.18 billion current US$ 479.59 million current US$ Madagascar
2020s 2.23 billion current US$ 2.38 billion current US$ 144.13 million current US$ Madagascar

Averages of every year both report within each decade.

Frequently asked questions

Which has higher total reserves minus gold, Estonia or Madagascar?
Madagascar, at 2.78 billion current US$ against 2.40 billion current US$ in Estonia as of 2024.
What is the difference in total reserves minus gold between Estonia and Madagascar?
380.71 million current US$, with Madagascar ahead.
How many years of comparable data are there for Estonia and Madagascar?
33 years are reported by both, from 1992 to 2024.
How do Estonia and Madagascar rank globally for total reserves minus gold?
Estonia ranks 124th and Madagascar ranks 121st of 181 countries.
Where does this data come from?
International Financial Statistics database, International Monetary Fund (IMF), published as Total reserves minus gold (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Individual pages

Share, cite or embed this page

Cite this page

Estonia vs Madagascar: Total reserves minus gold. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 21 August 2026, from https://economy.statizoid.com/compare/total-reserves-minus-gold-current-us/estonia/madagascar/

Embed or link this data

Paste this into a page to link back to these figures. The data itself is free to reuse under CC BY 4.0 (World Bank Open Data); please keep the attribution.

<a href="https://economy.statizoid.com/compare/total-reserves-minus-gold-current-us/estonia/madagascar/">Estonia vs Madagascar: Total reserves minus gold</a> — Statizoid

About this data

Indicator
Total reserves minus gold (current US$)
Unit
current US$
Source
International Financial Statistics database, International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
182 places, 9,490 data points, 1960–2025
Last refreshed

This series includes external assets (excluding monetary gold) that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.