Exports of goods, services and primary income in Madagascar
Madagascar: Exports of goods, services and primary income was 4.22 billion BoP, current US$ in 2024. ◆ Volatile
Exports of goods, services and primary income in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Madagascar recorded 4.22 billion BoP, current US$ for exports of goods, services and primary income in 2024.
That represents a change of down 4.7% on the previous year and up 17.6% over ten years.
Over the whole period, exports of goods, services and primary income in Madagascar peaked at 4.74 billion BoP, current US$ in 2022 and was at its lowest, 287.66 million BoP, current US$, in 1974.
Madagascar ranks 148th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Exports of goods, services and primary income in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 287.66 million BoP, current US$ | — |
| 1975 | 386.96 million BoP, current US$ | +34.5% |
| 1976 | 333.58 million BoP, current US$ | -13.8% |
| 1977 | 387.54 million BoP, current US$ | +16.2% |
| 1978 | 444.39 million BoP, current US$ | +14.7% |
| 1979 | 490.08 million BoP, current US$ | +10.3% |
| 1980 | 518.37 million BoP, current US$ | +5.8% |
| 1981 | 397.45 million BoP, current US$ | -23.3% |
| 1982 | 382.06 million BoP, current US$ | -3.9% |
| 1983 | 358.02 million BoP, current US$ | -6.3% |
| 1984 | 395.48 million BoP, current US$ | +10.5% |
| 1985 | 354.26 million BoP, current US$ | -10.4% |
| 1986 | 403.36 million BoP, current US$ | +13.9% |
| 1987 | 431.76 million BoP, current US$ | +7.0% |
| 1988 | 416.20 million BoP, current US$ | -3.6% |
| 1989 | 471.81 million BoP, current US$ | +13.4% |
| 1990 | 485.43 million BoP, current US$ | +2.9% |
| 1991 | 487.80 million BoP, current US$ | +0.5% |
| 1992 | 506.42 million BoP, current US$ | +3.8% |
| 1993 | 524.73 million BoP, current US$ | +3.6% |
| 1994 | 658.15 million BoP, current US$ | +25.4% |
| 1995 | 756.17 million BoP, current US$ | +14.9% |
| 1996 | 787.03 million BoP, current US$ | +4.1% |
| 1997 | 660.10 million BoP, current US$ | -16.1% |
| 1998 | 696.57 million BoP, current US$ | +5.5% |
| 1999 | 750.49 million BoP, current US$ | +7.7% |
| 2000 | 845.43 million BoP, current US$ | +12.7% |
| 2001 | 1.04 billion BoP, current US$ | +22.9% |
| 2002 | 1.13 billion BoP, current US$ | +8.9% |
| 2003 | 827.91 million BoP, current US$ | -26.8% |
| 2004 | 931.62 million BoP, current US$ | +12.5% |
| 2005 | 1.35 billion BoP, current US$ | +44.6% |
| 2006 | 1.66 billion BoP, current US$ | +23.6% |
| 2007 | 2.30 billion BoP, current US$ | +38.5% |
| 2008 | 2.72 billion BoP, current US$ | +18.2% |
| 2009 | 2.00 billion BoP, current US$ | -26.5% |
| 2010 | 2.22 billion BoP, current US$ | +10.9% |
| 2011 | 2.76 billion BoP, current US$ | +24.6% |
| 2012 | 2.90 billion BoP, current US$ | +5.1% |
| 2013 | 3.18 billion BoP, current US$ | +9.5% |
| 2014 | 3.59 billion BoP, current US$ | +12.8% |
| 2015 | 3.18 billion BoP, current US$ | -11.4% |
| 2016 | 3.42 billion BoP, current US$ | +7.6% |
| 2017 | 4.18 billion BoP, current US$ | +22.2% |
| 2018 | 4.46 billion BoP, current US$ | +6.6% |
| 2019 | 4.14 billion BoP, current US$ | -7.1% |
| 2020 | 2.63 billion BoP, current US$ | -36.4% |
| 2021 | 3.40 billion BoP, current US$ | +29.3% |
| 2022 | 4.74 billion BoP, current US$ | +39.2% |
| 2023 | 4.43 billion BoP, current US$ | -6.4% |
| 2024 | 4.22 billion BoP, current US$ | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 388.37 million BoP, current US$ | 287.66 million BoP, current US$ | 490.08 million BoP, current US$ | 6 |
| 1980s | 412.88 million BoP, current US$ | 354.26 million BoP, current US$ | 518.37 million BoP, current US$ | 10 |
| 1990s | 631.29 million BoP, current US$ | 485.43 million BoP, current US$ | 787.03 million BoP, current US$ | 10 |
| 2000s | 1.48 billion BoP, current US$ | 827.91 million BoP, current US$ | 2.72 billion BoP, current US$ | 10 |
| 2010s | 3.40 billion BoP, current US$ | 2.22 billion BoP, current US$ | 4.46 billion BoP, current US$ | 10 |
| 2020s | 3.89 billion BoP, current US$ | 2.63 billion BoP, current US$ | 4.74 billion BoP, current US$ | 5 |
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$) -4.59 % change on previous year (2025)
Frequently asked questions
- What is exports of goods, services and primary income in Madagascar?
- Exports of goods, services and primary income in Madagascar was 4.22 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods, services and primary income recorded in Madagascar?
- The highest recorded value was 4.74 billion BoP, current US$ in 2022.
- What is the lowest exports of goods, services and primary income recorded in Madagascar?
- The lowest recorded value was 287.66 million BoP, current US$ in 1974.
- How does Madagascar rank for exports of goods, services and primary income?
- Madagascar ranks 148th out of 199 countries with data for 2024.
- Is exports of goods, services and primary income rising or falling in Madagascar?
- Over the last ten years it is up 17.6%. 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, services and primary income (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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. Primary income represents the return that accrues to institutional units for their contribution to the production process or for the provision of financial assets and renting natural resources to other institutional units. 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.