Luxembourg vs Madagascar: Total reserves minus gold

Luxembourg
2.74 billion current US$
in 2025
Madagascar
2.78 billion current US$
in 2024
Luxembourg rank
122nd
Madagascar rank
121st

Total reserves minus gold over time

  • Luxembourg
  • Madagascar
01.0B2.0B3.0B196219932025

How they compare

Madagascar currently reports 2.78 billion current US$ against 2.74 billion current US$ in Luxembourg, a difference of 43.86 million current US$.

The two have swapped places 6 times across 40 shared years of data; in 1984 it was Madagascar ahead.

Luxembourg ranks 122nd and Madagascar ranks 121st of 181 countries.

Across the 5 decades both report, Luxembourg averaged higher in 1 and Madagascar in 4.

Head to head by decade

Decade Luxembourg Madagascar Difference Ahead
1980s 42.84 million current US$ 146.01 million current US$ 103.17 million current US$ Madagascar
1990s 74.26 million current US$ 141.81 million current US$ 67.55 million current US$ Madagascar
2000s 258.01 million current US$ 584.01 million current US$ 326.00 million current US$ Madagascar
2010s 833.35 million current US$ 1.18 billion current US$ 347.54 million current US$ Madagascar
2020s 2.39 billion current US$ 2.38 billion current US$ 10.43 million current US$ Luxembourg

Averages of every year both report within each decade.

Frequently asked questions

Which has higher total reserves minus gold, Luxembourg or Madagascar?
Madagascar, at 2.78 billion current US$ against 2.74 billion current US$ in Luxembourg as of 2024.
What is the difference in total reserves minus gold between Luxembourg and Madagascar?
43.86 million current US$, with Madagascar ahead.
How many years of comparable data are there for Luxembourg and Madagascar?
40 years are reported by both, from 1984 to 2024.
How do Luxembourg and Madagascar rank globally for total reserves minus gold?
Luxembourg ranks 122nd and Madagascar ranks 121st of 181 countries.
Where does this data come from?
International Financial Statistics database, International Monetary Fund (IMF), published as Total reserves minus gold (current US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Luxembourg vs Madagascar: Total reserves minus gold. Statizoid, drawing on International Financial Statistics database, International Monetary Fund (IMF). Retrieved 22 August 2026, from https://economy.statizoid.com/compare/total-reserves-minus-gold-current-us/luxembourg/madagascar/

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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.