Debt service as a share of exports of good and services in Madagascar
Madagascar: Debt service as a share of exports of good and services was 5.6% in 2023. ◆ Volatile
Debt service as a share of exports of good and services in Madagascar, 2000–2023
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
Madagascar recorded 5.6% for debt service as a share of exports of good and services in 2023.
Compared with earlier readings it is up 63.1% on the previous year and up 163.4% over ten years.
Over the whole period, debt service as a share of exports of good and services in Madagascar peaked at 12.9% in 2000 and was at its lowest, 0.9%, in 2007.
That places Madagascar 78th out of 116 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service as a share of exports of good and services in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 12.9% | — |
| 2001 | 6.2% | -52.0% |
| 2002 | 5.4% | -12.2% |
| 2003 | 8.4% | +55.2% |
| 2004 | 8.9% | +5.6% |
| 2005 | 5.8% | -34.2% |
| 2006 | 3.5% | -39.6% |
| 2007 | 0.9% | -75.6% |
| 2008 | 1.0% | +11.6% |
| 2009 | 2.1% | +122.9% |
| 2010 | 2.5% | +18.2% |
| 2011 | 1.6% | -34.8% |
| 2012 | 2.3% | +38.8% |
| 2013 | 2.1% | -7.0% |
| 2014 | 2.6% | +23.9% |
| 2015 | 4.3% | +62.5% |
| 2016 | 3.2% | -24.5% |
| 2017 | 3.0% | -7.1% |
| 2018 | 2.5% | -18.6% |
| 2019 | 2.5% | +1.2% |
| 2020 | 4.3% | +73.0% |
| 2021 | 4.4% | +3.3% |
| 2022 | 3.4% | -22.3% |
| 2023 | 5.6% | +63.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | 0.9% | 12.9% | 10 |
| 2010s | 2.7% | 1.6% | 4.3% | 10 |
| 2020s | 4.4% | 3.4% | 5.6% | 4 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Total reserves minus gold (current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.1583 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 87.11 current US$ per person (2024)
- General government final consumption expenditure (current US$) 10.36 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1461 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 87.56 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 10.46 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 661.88 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 396,644 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) -4.59 % change on previous year (2025)
Frequently asked questions
- What is debt service as a share of exports of good and services in Madagascar?
- Debt service as a share of exports of good and services in Madagascar was 5.6% in 2023, according to World Bank – processed by Our World in Data.
- What is the highest debt service as a share of exports of good and services recorded in Madagascar?
- The highest recorded value was 12.9% in 2000.
- What is the lowest debt service as a share of exports of good and services recorded in Madagascar?
- The lowest recorded value was 0.9% in 2007.
- How does Madagascar rank for debt service as a share of exports of good and services?
- Madagascar ranks 78th out of 116 countries with data for 2023.
- Is debt service as a share of exports of good and services rising or falling in Madagascar?
- Over the last ten years it is up 163.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from World Bank – processed by Our World in Data, published as part of Debt service as a share of exports of good and services. Statizoid updates them automatically from the source API.
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About this data
Debt service as a proportion of exports of goods, services and primary income (%).