Adjusted savings: net national savings in Madagascar
Madagascar: Adjusted savings: net national savings was 2.7% in 2021. ◆ Volatile
Adjusted savings: net national savings in Madagascar, 1974–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
Madagascar recorded 2.7% for adjusted savings: net national savings in 2021.
That represents a change of up 44.1% on the previous year and down 36.8% over ten years.
Over the whole period, adjusted savings: net national savings in Madagascar peaked at 41.8% in 1989 and was at its lowest, -3.1%, in 2002.
Madagascar ranks 138th of 177 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: net national savings in Madagascar, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1974 | 2.4% | — |
| 1975 | 3.0% | +26.0% |
| 1976 | 6.5% | +116.2% |
| 1977 | 5.5% | -16.2% |
| 1978 | 3.7% | -32.9% |
| 1979 | -0.0% | -100.8% |
| 1980 | 36.7% | -123502.3% |
| 1981 | 28.5% | -22.3% |
| 1982 | 20.6% | -27.7% |
| 1983 | 21.8% | +6.0% |
| 1984 | 24.0% | +9.7% |
| 1985 | 15.8% | -33.9% |
| 1986 | 19.2% | +21.4% |
| 1987 | 23.8% | +23.6% |
| 1988 | 15.4% | -35.3% |
| 1989 | 41.8% | +171.8% |
| 1990 | 31.2% | -25.3% |
| 1991 | 24.8% | -20.6% |
| 1992 | 31.0% | +25.0% |
| 1993 | 30.7% | -0.8% |
| 1994 | 23.6% | -23.3% |
| 1995 | -1.8% | -107.6% |
| 1996 | 1.7% | -193.6% |
| 1997 | -0.7% | -140.2% |
| 1998 | -0.6% | -15.1% |
| 1999 | 0.6% | -198.6% |
| 2000 | 0.1% | -81.7% |
| 2001 | 6.7% | +6389.0% |
| 2002 | -3.1% | -146.8% |
| 2003 | 2.5% | -179.1% |
| 2004 | 9.0% | +262.3% |
| 2005 | 2.9% | -67.2% |
| 2006 | 7.7% | +160.5% |
| 2007 | 11.2% | +45.9% |
| 2008 | 15.5% | +38.6% |
| 2009 | 6.8% | -56.4% |
| 2010 | 5.1% | -25.0% |
| 2011 | 4.3% | -15.2% |
| 2012 | 1.5% | -65.2% |
| 2013 | -1.8% | -218.3% |
| 2014 | 5.3% | -402.3% |
| 2015 | 4.7% | -11.9% |
| 2016 | 8.4% | +79.0% |
| 2017 | 8.2% | -2.5% |
| 2018 | 11.9% | +44.6% |
| 2019 | 9.8% | -17.2% |
| 2020 | 1.9% | -80.8% |
| 2021 | 2.7% | +44.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.5% | -0.0% | 6.5% | 6 |
| 1980s | 24.8% | 15.4% | 41.8% | 10 |
| 1990s | 14.0% | -1.8% | 31.2% | 10 |
| 2000s | 5.9% | -3.1% | 15.5% | 10 |
| 2010s | 5.8% | -1.8% | 11.9% | 10 |
| 2020s | 2.3% | 1.9% | 2.7% | 2 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Exports of goods and services (current LCU), annual growth rate -0.8052 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 966.34 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 579,096 current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.4559 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.2748 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 164.67 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 14.77 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2104 current US$ per US$ of GDP (2025)
- Gross fixed capital formation (current US$), per capita 126.06 current US$ per person (2025)
- Gross fixed capital formation (current LCU), per unit of GDP 952.89 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is adjusted savings: net national savings in Madagascar?
- Adjusted savings: net national savings in Madagascar was 2.7% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: net national savings recorded in Madagascar?
- The highest recorded value was 41.8% in 1989.
- What is the lowest adjusted savings: net national savings recorded in Madagascar?
- The lowest recorded value was -3.1% in 2002.
- How does Madagascar rank for adjusted savings: net national savings?
- Madagascar ranks 138th out of 177 countries with data for 2021.
- Is adjusted savings: net national savings rising or falling in Madagascar?
- Over the last ten years it is down 36.8%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: net national savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.