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 151st out of 204 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% |
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
- Gross capital formation (constant 2015 US$), annual growth rate 9.32 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.18 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 107.86 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 9.46 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3291 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 197.21 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 9.56 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 1,491 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 893,298 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.02 % change on previous year (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 151st out of 204 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.
Download this data
CSV · JSON — 23 observations, free to reuse under UN SDG Global Database (open, attribution requested).