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.
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 56th of 196 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.
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
- 53 Sierra Leone 4.3% compare
- 54 Paraguay 4.2% compare
- 55 Bangladesh 4.2% compare
- 57 Chad 4.2% compare
- 58 Guinea-Bissau 4.1% compare
- 59 Burundi 4.1% compare
More economy & growth data for Madagascar
- Taxes less subsidies on products (current US$), annual growth rate 11.52 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0756 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 45.33 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 11.63 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 342.64 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 205,330 current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0.0002 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 6,266 (2025)
- Domestic currency per US dollar (End-of-period (EoP)) 4,575 (2025)
- US dollar per domestic currency (End-of-period (EoP)) 0.0002 (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 56th out of 196 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.
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