Current account balance in Madagascar
Madagascar: Current account balance was -749.01 million BoP, current US$ in 2024. ◆ Volatile
Current account balance in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for current account balance in Madagascar is -749.01 million BoP, current US$, measured in 2024.
The figure is down 65.0% on the previous year and down 821.4% 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$, in 2009.
Madagascar ranks 118th of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -107.33 million BoP, current US$ | -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 | -678.29 million BoP, current US$ | -842.93 million BoP, current US$ | -453.89 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 115 Cayman Islands -686.07 million BoP, current US$ compare
- 116 Costa Rica -686.75 million BoP, current US$ compare
- 117 East Timor -701.36 million BoP, current US$ compare
- 119 Tunisia -775.30 million BoP, current US$ compare
- 120 North Macedonia -814.98 million BoP, current US$ compare
- 121 Botswana -821.14 million BoP, current US$ compare
More economy & growth data for Madagascar
- External balance on goods and services as a percent of GDP -11.6% (2025)
- Inflation of consumer prices 8.1% (2025)
- GDP per capita 456.51 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.1% (2024)
- Gross domestic product (GDP) 14.95 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 456.51 constant 2015 US$ (2025)
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
Frequently asked questions
- What is current account balance in Madagascar?
- Current account balance in Madagascar was -749.01 million BoP, current US$ in 2024, 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 118th out of 198 countries with data for 2024.
- Is current account balance rising or falling in Madagascar?
- Over the last ten years it is down 821.4%. 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.