Annual growth of exports of goods and services in Madagascar
Madagascar: Annual growth of exports of goods and services was 1.8% in 2024. ◆ Volatile
Annual growth of exports of goods and services in Madagascar, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Madagascar recorded 1.8% for annual growth of exports of goods and services in 2024.
Compared with earlier readings it is down 25.0% on the previous year and down 95.5% over ten years.
Over the whole period, annual growth of exports of goods and services in Madagascar peaked at 45.4% in 2017 and was at its lowest, -45.9%, in 2002.
Madagascar ranks 110th of 186 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 growth of exports of goods and services in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 13.4% | — |
| 2001 | 9.6% | -28.3% |
| 2002 | -45.9% | -577.5% |
| 2003 | 39.0% | -185.1% |
| 2004 | 9.8% | -74.9% |
| 2005 | 1.8% | -81.3% |
| 2006 | 17.3% | +846.5% |
| 2007 | 30.6% | +76.4% |
| 2008 | 12.6% | -58.8% |
| 2009 | -24.6% | -294.9% |
| 2010 | 5.7% | -123.1% |
| 2011 | 6.4% | +13.4% |
| 2012 | -5.0% | -177.0% |
| 2013 | 10.6% | -313.3% |
| 2014 | 39.4% | +271.9% |
| 2015 | -0.6% | -101.6% |
| 2016 | -1.0% | +52.7% |
| 2017 | 45.4% | -4731.7% |
| 2018 | 2.4% | -94.6% |
| 2019 | 10.9% | +345.5% |
| 2020 | -36.6% | -435.7% |
| 2021 | 25.9% | -170.8% |
| 2022 | 26.5% | +2.2% |
| 2023 | 2.4% | -91.1% |
| 2024 | 1.8% | -25.0% |
Madagascar compared with similar countries
- Madagascar's 1.8% is below the median for low income countries, which is 15.5%, 11% of the median. (20 countries reporting)
- Madagascar's 1.8% is below the median for Sub-Saharan Africa, which is 4.4%, 41% of the median. (41 countries reporting)
Biggest year-on-year movements
Years where Annual growth of exports of goods and services 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 |
|---|---|---|---|
| 2017 | +4731.7% | -1.0% | 45.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.4% | -45.9% | 39.0% | 10 |
| 2010s | 11.4% | -5.0% | 45.4% | 10 |
| 2020s | 4.0% | -36.6% | 26.5% | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is annual growth of exports of goods and services in Madagascar?
- Annual growth of exports of goods and services in Madagascar was 1.8% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth of exports of goods and services recorded in Madagascar?
- The highest recorded value was 45.4% in 2017.
- What is the lowest annual growth of exports of goods and services recorded in Madagascar?
- The lowest recorded value was -45.9% in 2002.
- How does Madagascar rank for annual growth of exports of goods and services?
- Madagascar ranks 110th out of 186 countries with data for 2024.
- Is annual growth of exports of goods and services rising or falling in Madagascar?
- Over the last ten years it is down 95.5%. 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 growth of exports of goods and services (%). Statizoid updates them automatically from the source API.
Download this data
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