Annual GDP growth in Madagascar
Madagascar: Annual GDP growth was 3.8% in 2023. ◆ Volatile
Annual GDP growth in Madagascar, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual gdp growth in Madagascar is 3.8%, measured in 2023.
The figure is down 5.0% on the previous year and up 65.2% 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.
That places Madagascar 80th out of 211 countries with data for 2023, putting it 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 | 1.6% | -7.1% | 5.7% | 4 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- External balance on goods and services as a percent of GDP -11.6% (2025)
- Inflation of consumer prices 8.1% (2025)
- GDP per capita 456.51 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.1% (2024)
- Gross domestic product (GDP) 14.95 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 456.51 constant 2015 US$ (2025)
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Madagascar?
- Annual gdp growth in Madagascar was 3.8% in 2023, according to World Bank – processed by Our World in Data.
- 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 80th out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Madagascar?
- Over the last ten years it is up 65.2%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual GDP growth (%)