Current account balance as a proportion of GDP (%) in Madagascar
Madagascar: Current account balance as a proportion of GDP (%) was -5.4% in 2022. ◆ Volatile
Current account balance as a proportion of GDP in Madagascar, 2000–2022
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Madagascar recorded -5.4% for current account balance as a proportion of gdp in 2022.
The figure is down 7.6% on the previous year and up 27.5% over ten years.
Over the whole period, current account balance as a proportion of gdp in Madagascar peaked at 0.7% in 2018 and was at its lowest, -18.2%, in 2009.
That places Madagascar 152nd out of 205 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP (%) in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -5.6% | — |
| 2001 | -2.6% | -54.2% |
| 2002 | -8.9% | +246.1% |
| 2003 | -5.1% | -42.3% |
| 2004 | -7.9% | +53.1% |
| 2005 | -12.5% | +59.1% |
| 2006 | -9.2% | -26.9% |
| 2007 | -9.9% | +8.0% |
| 2008 | -15.6% | +58.2% |
| 2009 | -18.2% | +16.2% |
| 2010 | -8.9% | -50.8% |
| 2011 | -6.7% | -24.8% |
| 2012 | -7.5% | +10.9% |
| 2013 | -6.5% | -12.8% |
| 2014 | -0.6% | -90.0% |
| 2015 | -2.3% | +248.1% |
| 2016 | 0.4% | -116.7% |
| 2017 | -0.2% | -160.5% |
| 2018 | 0.7% | -411.7% |
| 2019 | -2.1% | -399.7% |
| 2020 | -4.8% | +123.7% |
| 2021 | -5.0% | +5.3% |
| 2022 | -5.4% | +7.6% |
Madagascar compared with similar countries
- Madagascar's -5.4% is above the median for low income countries, which is -7.7%, 70% of the median. (19 countries reporting)
- Madagascar's -5.4% is below the median for Sub-Saharan Africa, which is -4.1%, 1.3× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.6% | -18.2% | -2.6% | 10 |
| 2010s | -3.4% | -8.9% | 0.7% | 10 |
| 2020s | -5.1% | -5.4% | -4.8% | 3 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
Frequently asked questions
- What is current account balance as a proportion of gdp in Madagascar?
- Current account balance as a proportion of gdp in Madagascar was -5.4% in 2022, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Madagascar?
- The highest recorded value was 0.7% in 2018.
- What is the lowest current account balance as a proportion of gdp recorded in Madagascar?
- The lowest recorded value was -18.2% in 2009.
- How does Madagascar rank for current account balance as a proportion of gdp?
- Madagascar ranks 152nd out of 205 countries with data for 2022.
- Is current account balance as a proportion of gdp rising or falling in Madagascar?
- Over the last ten years it is up 27.5%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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