Average remittance costs of sending $200 to a receiving country as a in Madagascar
Madagascar: Average remittance costs of sending $200 to a receiving country as a was 5.3% in 2025. ▼ Falling
Latest (2025)
5.3%
Change on year
down 21.6%
World rank
66th
of 110 countries
All-time high
10.7%
in 2022
All-time low
5.3%
in 2025
Years of data
9
2017–2025
Average remittance costs of sending $200 to a receiving country as a in Madagascar, 2017–2025
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for average remittance costs of sending $200 to a receiving country as a in Madagascar is 5.3%, measured in 2025. That is the lowest value across all 9 years on record.
That represents a change of down 21.6% on the previous year and down 33.0% over ten years.
Over the whole period, average remittance costs of sending $200 to a receiving country as a in Madagascar peaked at 10.7% in 2022 and was at its lowest, 5.3%, in 2025.
Madagascar ranks 66th of 110 countries on this measure, in the middle of the range.
Average remittance costs of sending $200 to a receiving country as a in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2017 | 7.9% | — |
| 2018 | 8.2% | +3.0% |
| 2019 | 8.6% | +5.1% |
| 2020 | 9.8% | +14.0% |
| 2021 | 10.7% | +9.1% |
| 2022 | 10.7% | +0.5% |
| 2023 | 8.9% | -17.0% |
| 2024 | 6.8% | -23.9% |
| 2025 | 5.3% | -21.6% |
Madagascar compared with similar countries
- Madagascar's 5.3% is below the median for low income countries, which is 8.3%, 64% of the median. (17 countries reporting)
- Madagascar's 5.3% is below the median for Sub-Saharan Africa, which is 8.3%, 64% of the median. (30 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 8.2% | 7.9% | 8.6% | 3 |
| 2020s | 8.7% | 5.3% | 10.7% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), 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 average remittance costs of sending $200 to a receiving country as a in Madagascar?
- Average remittance costs of sending $200 to a receiving country as a in Madagascar was 5.3% in 2025, according to United Nations Statistics Division, SDG Global Database.
- What is the highest average remittance costs of sending $200 to a receiving country as a recorded in Madagascar?
- The highest recorded value was 10.7% in 2022.
- What is the lowest average remittance costs of sending $200 to a receiving country as a recorded in Madagascar?
- The lowest recorded value was 5.3% in 2025.
- How does Madagascar rank for average remittance costs of sending $200 to a receiving country as a?
- Madagascar ranks 66th out of 110 countries with data for 2025.
- Is average remittance costs of sending $200 to a receiving country as a rising or falling in Madagascar?
- Over the last ten years it is down 33.0%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Average remittance costs of sending $200 to a receiving country as a proportion of the amount remitted (%). Statizoid updates them automatically from the source API.
Download this data
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