Current account balance (BoP, current US$) in Madagascar
Madagascar: Current account balance (BoP, current US$) was -1.02 billion BoP, current US$ in 2025. ◆ Volatile
Current account balance in Madagascar, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Madagascar is -1.02 billion BoP, current US$, measured in 2025.
The figure is down 45.0% on the previous year and down 298.7% over ten years.
Over the whole period, current account balance in Madagascar peaked at 98.05 million BoP, current US$ in 2018 and was at its lowest, -1.75 billion BoP, current US$, in 2009.
Madagascar ranks 127th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance (BoP, current US$) in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -39.63 million BoP, current US$ | — |
| 1975 | -55.62 million BoP, current US$ | +40.3% |
| 1976 | -28.12 million BoP, current US$ | -49.4% |
| 1977 | -15.14 million BoP, current US$ | -46.2% |
| 1978 | -79.37 million BoP, current US$ | +424.2% |
| 1979 | -426.10 million BoP, current US$ | +436.9% |
| 1980 | -556.33 million BoP, current US$ | +30.6% |
| 1981 | -362.83 million BoP, current US$ | -34.8% |
| 1982 | -299.34 million BoP, current US$ | -17.5% |
| 1983 | -247.09 million BoP, current US$ | -17.5% |
| 1984 | -193.30 million BoP, current US$ | -21.8% |
| 1985 | -183.55 million BoP, current US$ | -5.0% |
| 1986 | -142.66 million BoP, current US$ | -22.3% |
| 1987 | -140.82 million BoP, current US$ | -1.3% |
| 1988 | -150.00 million BoP, current US$ | +6.5% |
| 1989 | -83.85 million BoP, current US$ | -44.1% |
| 1990 | -264.98 million BoP, current US$ | +216.0% |
| 1991 | -229.75 million BoP, current US$ | -13.3% |
| 1992 | -197.65 million BoP, current US$ | -14.0% |
| 1993 | -258.19 million BoP, current US$ | +30.6% |
| 1994 | -277.04 million BoP, current US$ | +7.3% |
| 1995 | -275.98 million BoP, current US$ | -0.4% |
| 1996 | -152.65 million BoP, current US$ | -44.7% |
| 1997 | -201.82 million BoP, current US$ | +32.2% |
| 1998 | -289.36 million BoP, current US$ | +43.4% |
| 1999 | -224.50 million BoP, current US$ | -22.4% |
| 2000 | -260.48 million BoP, current US$ | +16.0% |
| 2001 | -140.06 million BoP, current US$ | -46.2% |
| 2002 | -477.03 million BoP, current US$ | +240.6% |
| 2003 | -327.95 million BoP, current US$ | -31.3% |
| 2004 | -399.00 million BoP, current US$ | +21.7% |
| 2005 | -734.22 million BoP, current US$ | +84.0% |
| 2006 | -585.54 million BoP, current US$ | -20.2% |
| 2007 | -842.72 million BoP, current US$ | +43.9% |
| 2008 | -1.68 billion BoP, current US$ | +99.0% |
| 2009 | -1.75 billion BoP, current US$ | +4.2% |
| 2010 | -893.31 million BoP, current US$ | -48.9% |
| 2011 | -777.18 million BoP, current US$ | -13.0% |
| 2012 | -864.11 million BoP, current US$ | +11.2% |
| 2013 | -808.21 million BoP, current US$ | -6.5% |
| 2014 | -81.29 million BoP, current US$ | -89.9% |
| 2015 | -255.83 million BoP, current US$ | +214.7% |
| 2016 | 44.80 million BoP, current US$ | -117.5% |
| 2017 | -30.12 million BoP, current US$ | -167.2% |
| 2018 | 98.05 million BoP, current US$ | -425.5% |
| 2019 | -301.23 million BoP, current US$ | -407.2% |
| 2020 | -623.65 million BoP, current US$ | +107.0% |
| 2021 | -721.95 million BoP, current US$ | +15.8% |
| 2022 | -842.93 million BoP, current US$ | +16.8% |
| 2023 | -412.42 million BoP, current US$ | -51.1% |
| 2024 | -703.59 million BoP, current US$ | +70.6% |
| 2025 | -1.02 billion BoP, current US$ | +45.0% |
Madagascar compared with similar countries
- Madagascar's -1.02 billion BoP, current US$ is above the median for low income countries, which is -1.02 billion BoP, current US$, 1.0× the median. (23 countries reporting)
- Madagascar's -1.02 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -461.46 million BoP, current US$, 2.2× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Current account balance (BoP, current US$) in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | -436.9% | -79.37 million BoP, current US$ | -426.10 million BoP, current US$ |
| 2018 | +425.5% | -30.12 million BoP, current US$ | 98.05 million BoP, current US$ |
| 1978 | -424.2% | -15.14 million BoP, current US$ | -79.37 million BoP, current US$ |
| 2019 | -407.2% | 98.05 million BoP, current US$ | -301.23 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -107.33 million BoP, current US$ | -426.10 million BoP, current US$ | -15.14 million BoP, current US$ | 6 |
| 1980s | -235.98 million BoP, current US$ | -556.33 million BoP, current US$ | -83.85 million BoP, current US$ | 10 |
| 1990s | -237.19 million BoP, current US$ | -289.36 million BoP, current US$ | -152.65 million BoP, current US$ | 10 |
| 2000s | -719.16 million BoP, current US$ | -1.75 billion BoP, current US$ | -140.06 million BoP, current US$ | 10 |
| 2010s | -386.84 million BoP, current US$ | -893.31 million BoP, current US$ | 98.05 million BoP, current US$ | 10 |
| 2020s | -720.75 million BoP, current US$ | -1.02 billion BoP, current US$ | -412.42 million BoP, current US$ | 6 |
Countries ranked near Madagascar
- 124 Georgia -995.66 million BoP, current US$ compare
- 125 Kosovo -1.01 billion BoP, current US$ compare
- 125 Kosovo (UNSCR 1244) -1.01 billion BoP, current US$ compare
- 128 Mauritania -1.04 billion BoP, current US$ compare
- 129 Mauritius -1.05 billion BoP, current US$ compare
- 130 Bahamas -1.05 billion BoP, current US$ compare
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 in Madagascar?
- Current account balance in Madagascar was -1.02 billion BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Madagascar?
- The highest recorded value was 98.05 million BoP, current US$ in 2018.
- What is the lowest current account balance recorded in Madagascar?
- The lowest recorded value was -1.75 billion BoP, current US$ in 2009.
- How does Madagascar rank for current account balance?
- Madagascar ranks 127th out of 200 countries with data for 2025.
- Is current account balance rising or falling in Madagascar?
- Over the last ten years it is down 298.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.