Balanced trade in services in Madagascar
Madagascar: Balanced trade in services was 0.6325 US dollars, exchange rate converted in 2024. ▲ Rising
Balanced trade in services in Madagascar, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Madagascar recorded 0.6325 US dollars, exchange rate converted for balanced trade in services in 2024. That is the highest value across all 20 years on record.
Compared with earlier readings it is up 8.6% on the previous year and up 24.6% over ten years.
Over the whole period, balanced trade in services in Madagascar peaked at 0.6325 US dollars, exchange rate converted in 2024 and was at its lowest, 0.2775 US dollars, exchange rate converted, in 2005.
The long-run direction has been consistently rising across the 20 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.4025 US dollars, exchange rate converted | 0.2775 US dollars, exchange rate converted | 0.5375 US dollars, exchange rate converted | 5 |
| 2010s | 0.4981 US dollars, exchange rate converted | 0.4391 US dollars, exchange rate converted | 0.577 US dollars, exchange rate converted | 10 |
| 2020s | 0.4952 US dollars, exchange rate converted | 0.3073 US dollars, exchange rate converted | 0.6325 US dollars, exchange rate converted | 5 |
Countries ranked near Madagascar
- 6 Singapore 97.34 US dollars, exchange rate converted compare
- 7 Japan 89.29 US dollars, exchange rate converted compare
- 8 Brazil 83.18 US dollars, exchange rate converted compare
- 9 Australia 73.5 US dollars, exchange rate converted compare
- 10 Switzerland 68.76 US dollars, exchange rate converted compare
- 11 Hong Kong (China) 66.5 US dollars, exchange rate converted compare
- 12 Ireland 42.41 US dollars, exchange rate converted compare
More economy & growth data for Madagascar
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.19 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.5 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 16 - Public finances 16.84 Percentage of GDP (2029)
- Africa's Development Dynamics (AfDD) Table 08 - Sectoral breakdown of 12.91 Percentage of GDP (2022)
- Africa's Development Dynamics (AfDD) Table 17 - Trade by 1,646 US dollar (2022)
- Environmentally related tax revenue 1.52 Percentage of GDP (2023)
- Africa's Development Dynamics (AfDD) Table 28 - International trade 188.69 Percentage of merchandise value (2020)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 58.64 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 79.46 Percentage of GDP (2019)
- Africa's Development Dynamics (AfDD) Table 21 - Investment and 7.95 Percentage of GDP (2019)
Frequently asked questions
- What is balanced trade in services in Madagascar?
- Balanced trade in services in Madagascar was 0.6325 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Madagascar?
- The highest recorded value was 0.6325 US dollars, exchange rate converted in 2024.
- What is the lowest balanced trade in services recorded in Madagascar?
- The lowest recorded value was 0.2775 US dollars, exchange rate converted in 2005.
- How does Madagascar rank for balanced trade in services?
- Madagascar ranks 9th out of 14 groups with data for 2024.
- Is balanced trade in services rising or falling in Madagascar?
- Over the last ten years it is up 24.6%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html