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: World Bank – processed by Our World in Data. Measured in %.
Analysis
In 2024, annual growth of exports of goods and services in Madagascar stood at 1.8%.
The figure is down 24.9% 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.
That places Madagascar 105th out of 176 countries with data for 2024, putting it 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 | % | Change |
|---|---|---|
| 2000 | 13.4% | — |
| 2001 | 9.6% | -28.2% |
| 2002 | -45.9% | -577.3% |
| 2003 | 39.0% | -185.1% |
| 2004 | 9.8% | -74.9% |
| 2005 | 1.8% | -81.3% |
| 2006 | 17.3% | +847.5% |
| 2007 | 30.6% | +76.5% |
| 2008 | 12.6% | -58.8% |
| 2009 | -24.6% | -294.8% |
| 2010 | 5.7% | -123.1% |
| 2011 | 6.5% | +13.6% |
| 2012 | -5.0% | -176.9% |
| 2013 | 10.6% | -313.3% |
| 2014 | 39.4% | +272.0% |
| 2015 | -0.6% | -101.6% |
| 2016 | -1.0% | +53.1% |
| 2017 | 45.4% | -4732.7% |
| 2018 | 2.5% | -94.6% |
| 2019 | 10.9% | +345.3% |
| 2020 | -36.6% | -435.8% |
| 2021 | 25.9% | -170.8% |
| 2022 | 26.5% | +2.2% |
| 2023 | 2.4% | -91.1% |
| 2024 | 1.8% | -24.9% |
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 World Bank – processed by Our World in Data.
- 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 105th out of 176 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 World Bank – processed by Our World in Data, published as part of Annual growth of exports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of exports of goods and services (%).