Exports of goods and services in Madagascar
Madagascar: Exports of goods and services was 4.11 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
4.11 billion BoP, current US$
Change on year
down 5.5%
World rank
141st
of 199 countries
All-time high
4.69 billion BoP, current US$
in 2022
All-time low
280.35 million BoP, current US$
in 1974
Years of data
51
1974–2024
Exports of goods and services in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, exports of goods and services in Madagascar stood at 4.11 billion BoP, current US$.
That represents a change of down 5.5% on the previous year and up 15.4% over ten years.
Over the whole period, exports of goods and services in Madagascar peaked at 4.69 billion BoP, current US$ in 2022 and was at its lowest, 280.35 million BoP, current US$, in 1974.
Madagascar ranks 141st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods and services in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 280.35 million BoP, current US$ | — |
| 1975 | 381.55 million BoP, current US$ | +36.1% |
| 1976 | 329.94 million BoP, current US$ | -13.5% |
| 1977 | 385.42 million BoP, current US$ | +16.8% |
| 1978 | 439.88 million BoP, current US$ | +14.1% |
| 1979 | 487.68 million BoP, current US$ | +10.9% |
| 1980 | 515.91 million BoP, current US$ | +5.8% |
| 1981 | 393.44 million BoP, current US$ | -23.7% |
| 1982 | 376.54 million BoP, current US$ | -4.3% |
| 1983 | 355.14 million BoP, current US$ | -5.7% |
| 1984 | 390.45 million BoP, current US$ | +9.9% |
| 1985 | 349.88 million BoP, current US$ | -10.4% |
| 1986 | 398.07 million BoP, current US$ | +13.8% |
| 1987 | 422.45 million BoP, current US$ | +6.1% |
| 1988 | 402.90 million BoP, current US$ | -4.6% |
| 1989 | 453.48 million BoP, current US$ | +12.6% |
| 1990 | 470.51 million BoP, current US$ | +3.8% |
| 1991 | 483.42 million BoP, current US$ | +2.7% |
| 1992 | 500.78 million BoP, current US$ | +3.6% |
| 1993 | 521.80 million BoP, current US$ | +4.2% |
| 1994 | 655.72 million BoP, current US$ | +25.7% |
| 1995 | 749.04 million BoP, current US$ | +14.2% |
| 1996 | 780.79 million BoP, current US$ | +4.2% |
| 1997 | 639.93 million BoP, current US$ | -18.0% |
| 1998 | 671.83 million BoP, current US$ | +5.0% |
| 1999 | 729.84 million BoP, current US$ | +8.6% |
| 2000 | 823.06 million BoP, current US$ | +12.8% |
| 2001 | 1.01 billion BoP, current US$ | +23.3% |
| 2002 | 1.09 billion BoP, current US$ | +7.0% |
| 2003 | 811.50 million BoP, current US$ | -25.3% |
| 2004 | 916.39 million BoP, current US$ | +12.9% |
| 2005 | 1.33 billion BoP, current US$ | +44.6% |
| 2006 | 1.63 billion BoP, current US$ | +23.4% |
| 2007 | 2.25 billion BoP, current US$ | +37.8% |
| 2008 | 2.66 billion BoP, current US$ | +18.1% |
| 2009 | 1.97 billion BoP, current US$ | -26.1% |
| 2010 | 2.16 billion BoP, current US$ | +9.6% |
| 2011 | 2.67 billion BoP, current US$ | +23.9% |
| 2012 | 2.85 billion BoP, current US$ | +6.7% |
| 2013 | 3.15 billion BoP, current US$ | +10.3% |
| 2014 | 3.56 billion BoP, current US$ | +13.2% |
| 2015 | 3.15 billion BoP, current US$ | -11.4% |
| 2016 | 3.39 billion BoP, current US$ | +7.5% |
| 2017 | 4.15 billion BoP, current US$ | +22.3% |
| 2018 | 4.41 billion BoP, current US$ | +6.3% |
| 2019 | 4.08 billion BoP, current US$ | -7.4% |
| 2020 | 2.59 billion BoP, current US$ | -36.6% |
| 2021 | 3.36 billion BoP, current US$ | +29.8% |
| 2022 | 4.69 billion BoP, current US$ | +39.5% |
| 2023 | 4.35 billion BoP, current US$ | -7.3% |
| 2024 | 4.11 billion BoP, current US$ | -5.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 384.14 million BoP, current US$ | 280.35 million BoP, current US$ | 487.68 million BoP, current US$ | 6 |
| 1980s | 405.83 million BoP, current US$ | 349.88 million BoP, current US$ | 515.91 million BoP, current US$ | 10 |
| 1990s | 620.37 million BoP, current US$ | 470.51 million BoP, current US$ | 780.79 million BoP, current US$ | 10 |
| 2000s | 1.45 billion BoP, current US$ | 811.50 million BoP, current US$ | 2.66 billion BoP, current US$ | 10 |
| 2010s | 3.36 billion BoP, current US$ | 2.16 billion BoP, current US$ | 4.41 billion BoP, current US$ | 10 |
| 2020s | 3.82 billion BoP, current US$ | 2.59 billion BoP, current US$ | 4.69 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 138 Benin 4.51 billion BoP, current US$ compare
- 139 South Sudan 4.50 billion BoP, current US$ compare
- 140 Rwanda 4.28 billion BoP, current US$ compare
- 142 Mauritania 4.05 billion BoP, current US$ compare
- 143 San Marino 3.77 billion BoP, current US$ compare
- 144 Montenegro 3.74 billion BoP, current US$ compare
More economy & growth data for Madagascar
- Services, value added (current US$), annual growth rate 10.46 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4883 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 292.6 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 10.57 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 2,212 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 1.33 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.21 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3777 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 226.35 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 331,202 constant LCU per person (2025)
Frequently asked questions
- What is exports of goods and services in Madagascar?
- Exports of goods and services in Madagascar was 4.11 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Madagascar?
- The highest recorded value was 4.69 billion BoP, current US$ in 2022.
- What is the lowest exports of goods and services recorded in Madagascar?
- The lowest recorded value was 280.35 million BoP, current US$ in 1974.
- How does Madagascar rank for exports of goods and services?
- Madagascar ranks 141st out of 199 countries with data for 2024.
- Is exports of goods and services rising or falling in Madagascar?
- Over the last ten years it is up 15.4%. 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 Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. 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.