Annual GDP growth (%) in Madagascar
Madagascar: Annual GDP growth (%) was 4.2% in 2024. ◆ Volatile
Annual GDP growth in Madagascar, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual gdp growth in Madagascar is 4.2%, measured in 2024.
Compared with earlier readings it is down 0.1% on the previous year and up 25.8% over ten years.
Over the whole period, annual gdp growth in Madagascar peaked at 9.8% in 2003 and was at its lowest, -12.4%, in 2002.
Madagascar ranks 67th of 230 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual GDP growth (%) in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.5% | — |
| 2001 | 6.0% | +34.2% |
| 2002 | -12.4% | -307.5% |
| 2003 | 9.8% | -178.9% |
| 2004 | 5.3% | -46.3% |
| 2005 | 4.8% | -9.5% |
| 2006 | 5.4% | +13.5% |
| 2007 | 5.7% | +5.8% |
| 2008 | 6.7% | +17.5% |
| 2009 | -4.0% | -159.3% |
| 2010 | 0.6% | -115.6% |
| 2011 | 1.6% | +154.9% |
| 2012 | 3.0% | +90.8% |
| 2013 | 2.3% | -23.6% |
| 2014 | 3.3% | +45.2% |
| 2015 | 3.1% | -6.2% |
| 2016 | 4.0% | +27.5% |
| 2017 | 3.9% | -1.5% |
| 2018 | 3.2% | -18.8% |
| 2019 | 4.4% | +38.1% |
| 2020 | -7.1% | -261.8% |
| 2021 | 4.7% | -165.2% |
| 2022 | 4.2% | -10.6% |
| 2023 | 4.2% | +1.1% |
| 2024 | 4.2% | -0.1% |
Madagascar compared with similar countries
- Madagascar's 4.2% is above the median for low income countries, which is 4.1%, 1.0× the median. (23 countries reporting)
- Madagascar's 4.2% is above the median for Sub-Saharan Africa, which is 4.1%, 1.0× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Annual GDP growth (%) in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2002 | -307.5% | 6.0% | -12.4% |
| 2020 | -261.8% | 4.4% | -7.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.2% | -12.4% | 9.8% | 10 |
| 2010s | 3.0% | 0.6% | 4.4% | 10 |
| 2020s | 2.0% | -7.1% | 4.7% | 5 |
Countries ranked near Madagascar
- 64 Sierra Leone 4.3% compare
- 65 Paraguay 4.2% compare
- 66 Bangladesh 4.2% compare
- 68 Chad 4.2% compare
- 69 Guinea-Bissau 4.1% compare
- 70 Lao People's Democratic Republic 4.1% compare
- 70 Laos 4.1% compare
More economy & growth data for Madagascar
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
Frequently asked questions
- What is annual gdp growth in Madagascar?
- Annual gdp growth in Madagascar was 4.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Madagascar?
- The highest recorded value was 9.8% in 2003.
- What is the lowest annual gdp growth recorded in Madagascar?
- The lowest recorded value was -12.4% in 2002.
- How does Madagascar rank for annual gdp growth?
- Madagascar ranks 67th out of 230 countries with data for 2024.
- Is annual gdp growth rising or falling in Madagascar?
- Over the last ten years it is up 25.8%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).