Exports of goods and services (BoP, current US$), annual growth rate in Madagascar
Madagascar: Exports of goods and services (BoP, current US$), annual growth rate was -5.48 % change on previous year in 2024. ◆ Volatile
Latest (2024)
-5.48 % change on previous year
Change on year
up 24.8%
World rank
181st
of 199 countries
All-time high
44.6 % change on previous year
in 2005
All-time low
-36.56 % change on previous year
in 2020
Years of data
50
1975–2024
Exports of goods and services (BoP, current US$), annual growth rate in Madagascar, 1975–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Madagascar recorded -5.48 % change on previous year for exports of goods and services (bop, current us$), annual growth rate in 2024.
The figure is up 24.8% on the previous year and down 141.6% over ten years.
Over the whole period, exports of goods and services (bop, current us$), annual growth rate in Madagascar peaked at 44.6 % change on previous year in 2005 and was at its lowest, -36.56 % change on previous year, in 2020.
Madagascar ranks 181st of 199 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services (BoP, current US$), annual growth rate in Madagascar, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1975 | 36.1 % change on previous year | — |
| 1976 | -13.52 % change on previous year | -137.5% |
| 1977 | 16.81 % change on previous year | -224.3% |
| 1978 | 14.13 % change on previous year | -16.0% |
| 1979 | 10.87 % change on previous year | -23.1% |
| 1980 | 5.79 % change on previous year | -46.7% |
| 1981 | -23.74 % change on previous year | -510.2% |
| 1982 | -4.3 % change on previous year | -81.9% |
| 1983 | -5.68 % change on previous year | +32.3% |
| 1984 | 9.94 % change on previous year | -274.9% |
| 1985 | -10.39 % change on previous year | -204.5% |
| 1986 | 13.77 % change on previous year | -232.6% |
| 1987 | 6.13 % change on previous year | -55.5% |
| 1988 | -4.63 % change on previous year | -175.6% |
| 1989 | 12.55 % change on previous year | -371.2% |
| 1990 | 3.76 % change on previous year | -70.1% |
| 1991 | 2.74 % change on previous year | -26.9% |
| 1992 | 3.59 % change on previous year | +30.9% |
| 1993 | 4.2 % change on previous year | +16.9% |
| 1994 | 25.67 % change on previous year | +511.5% |
| 1995 | 14.23 % change on previous year | -44.5% |
| 1996 | 4.24 % change on previous year | -70.2% |
| 1997 | -18.04 % change on previous year | -525.6% |
| 1998 | 4.98 % change on previous year | -127.6% |
| 1999 | 8.63 % change on previous year | +73.2% |
| 2000 | 12.77 % change on previous year | +47.9% |
| 2001 | 23.32 % change on previous year | +82.6% |
| 2002 | 6.96 % change on previous year | -70.1% |
| 2003 | -25.25 % change on previous year | -462.6% |
| 2004 | 12.93 % change on previous year | -151.2% |
| 2005 | 44.6 % change on previous year | +245.0% |
| 2006 | 23.37 % change on previous year | -47.6% |
| 2007 | 37.81 % change on previous year | +61.8% |
| 2008 | 18.09 % change on previous year | -52.2% |
| 2009 | -26.09 % change on previous year | -244.2% |
| 2010 | 9.6 % change on previous year | -136.8% |
| 2011 | 23.91 % change on previous year | +149.0% |
| 2012 | 6.74 % change on previous year | -71.8% |
| 2013 | 10.35 % change on previous year | +53.5% |
| 2014 | 13.17 % change on previous year | +27.3% |
| 2015 | -11.41 % change on previous year | -186.7% |
| 2016 | 7.51 % change on previous year | -165.8% |
| 2017 | 22.32 % change on previous year | +197.2% |
| 2018 | 6.28 % change on previous year | -71.9% |
| 2019 | -7.39 % change on previous year | -217.8% |
| 2020 | -36.56 % change on previous year | +394.5% |
| 2021 | 29.84 % change on previous year | -181.6% |
| 2022 | 39.47 % change on previous year | +32.3% |
| 2023 | -7.29 % change on previous year | -118.5% |
| 2024 | -5.48 % change on previous year | -24.8% |
Madagascar compared with similar countries
- Madagascar's -5.48 % change on previous year is below the median for low income countries, which is 3.32 % change on previous year. (23 countries reporting)
- Madagascar's -5.48 % change on previous year is below the median for Sub-Saharan Africa, which is 5.34 % change on previous year. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 12.88 % change on previous year | -13.52 % change on previous year | 36.1 % change on previous year | 5 |
| 1980s | -0.0555 % change on previous year | -23.74 % change on previous year | 13.77 % change on previous year | 10 |
| 1990s | 5.4 % change on previous year | -18.04 % change on previous year | 25.67 % change on previous year | 10 |
| 2000s | 12.85 % change on previous year | -26.09 % change on previous year | 44.6 % change on previous year | 10 |
| 2010s | 8.11 % change on previous year | -11.41 % change on previous year | 23.91 % change on previous year | 10 |
| 2020s | 4 % change on previous year | -36.56 % change on previous year | 39.47 % change on previous year | 5 |
Countries ranked near Madagascar
- 178 Dominica -5.17 % change on previous year compare
- 179 Libya -5.22 % change on previous year compare
- 180 Lebanon -5.42 % change on previous year compare
- 182 Senegal -5.62 % change on previous year compare
- 183 Brunei -6.33 % change on previous year compare
- 184 Kuwait -7.05 % change on previous year compare
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is exports of goods and services (bop, current us$), annual growth rate in Madagascar?
- Exports of goods and services (bop, current us$), annual growth rate in Madagascar was -5.48 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest exports of goods and services (bop, current us$), annual growth rate recorded in Madagascar?
- The highest recorded value was 44.6 % change on previous year in 2005.
- What is the lowest exports of goods and services (bop, current us$), annual growth rate recorded in Madagascar?
- The lowest recorded value was -36.56 % change on previous year in 2020.
- How does Madagascar rank for exports of goods and services (bop, current us$), annual growth rate?
- Madagascar ranks 181st out of 199 countries with data for 2024.
- Is exports of goods and services (bop, current us$), annual growth rate rising or falling in Madagascar?
- Over the last ten years it is down 141.6%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of Exports of goods and services (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 50 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Exports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Exports of goods and services Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Exports of goods and services (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.