External balance on goods and services (current LCU), annual growth in Madagascar
Madagascar: External balance on goods and services (current LCU), annual growth was -35.71 % change on previous year in 2025. ◆ Volatile
External balance on goods and services (current LCU), annual growth in Madagascar, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, external balance on goods and services (current lcu), annual growth in Madagascar stood at -35.71 % change on previous year.
That represents a change of down 145.6% on the previous year and down 464.4% over ten years.
Over the whole period, external balance on goods and services (current lcu), annual growth in Madagascar peaked at 77.45 % change on previous year in 2001 and was at its lowest, -647.17 % change on previous year, in 2002.
That places Madagascar 151st out of 192 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services (current LCU), annual growth in Madagascar, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 22.84 % change on previous year | — |
| 1962 | 0.0911 % change on previous year | -99.6% |
| 1963 | -58.58 % change on previous year | -64417.0% |
| 1964 | 2.02 % change on previous year | -103.5% |
| 1965 | -6.43 % change on previous year | -418.2% |
| 1966 | 6.08 % change on previous year | -194.5% |
| 1967 | 28.2 % change on previous year | +364.0% |
| 1968 | -36.25 % change on previous year | -228.6% |
| 1969 | -6.93 % change on previous year | -80.9% |
| 1970 | 45.43 % change on previous year | -756.0% |
| 1971 | -192.13 % change on previous year | -522.9% |
| 1972 | 37.25 % change on previous year | -119.4% |
| 1973 | -24.29 % change on previous year | -165.2% |
| 1974 | -26.62 % change on previous year | +9.6% |
| 1975 | -13.93 % change on previous year | -47.7% |
| 1976 | 49.99 % change on previous year | -459.0% |
| 1977 | -69.69 % change on previous year | -239.4% |
| 1978 | -99.21 % change on previous year | +42.4% |
| 1979 | -179.99 % change on previous year | +81.4% |
| 1980 | 15.7 % change on previous year | -108.7% |
| 1981 | 24.23 % change on previous year | +54.3% |
| 1982 | -0.1438 % change on previous year | -100.6% |
| 1983 | 19.02 % change on previous year | -13328.1% |
| 1984 | 34.12 % change on previous year | +79.3% |
| 1985 | -67.9 % change on previous year | -299.0% |
| 1986 | 18.39 % change on previous year | -127.1% |
| 1987 | -16.65 % change on previous year | -190.5% |
| 1988 | -135.03 % change on previous year | +711.0% |
| 1989 | 64.18 % change on previous year | -147.5% |
| 1990 | -629.09 % change on previous year | -1080.2% |
| 1991 | 41.62 % change on previous year | -106.6% |
| 1992 | -26.67 % change on previous year | -164.1% |
| 1993 | -41.45 % change on previous year | +55.4% |
| 1994 | 6.8 % change on previous year | -116.4% |
| 1995 | -46.43 % change on previous year | -782.4% |
| 1996 | 34.07 % change on previous year | -173.4% |
| 1997 | -171.23 % change on previous year | -602.6% |
| 1998 | -8.44 % change on previous year | -95.1% |
| 1999 | -5.35 % change on previous year | -36.6% |
| 2000 | -24.99 % change on previous year | +367.2% |
| 2001 | 77.45 % change on previous year | -410.0% |
| 2002 | -647.17 % change on previous year | -935.6% |
| 2003 | -9.43 % change on previous year | -98.5% |
| 2004 | -78.07 % change on previous year | +728.3% |
| 2005 | -31.92 % change on previous year | -59.1% |
| 2006 | 20.67 % change on previous year | -164.8% |
| 2007 | -81.7 % change on previous year | -495.2% |
| 2008 | -95.57 % change on previous year | +17.0% |
| 2009 | -17.4 % change on previous year | -81.8% |
| 2010 | 27.67 % change on previous year | -259.0% |
| 2011 | 12.34 % change on previous year | -55.4% |
| 2012 | 10.58 % change on previous year | -14.3% |
| 2013 | -16.58 % change on previous year | -256.7% |
| 2014 | 39.31 % change on previous year | -337.1% |
| 2015 | 9.8 % change on previous year | -75.1% |
| 2016 | 32.37 % change on previous year | +230.3% |
| 2017 | -45.68 % change on previous year | -241.1% |
| 2018 | -50.65 % change on previous year | +10.9% |
| 2019 | -34.15 % change on previous year | -32.6% |
| 2020 | -46.95 % change on previous year | +37.5% |
| 2021 | -15.11 % change on previous year | -67.8% |
| 2022 | -19.59 % change on previous year | +29.6% |
| 2023 | -11.44 % change on previous year | -41.6% |
| 2024 | -14.54 % change on previous year | +27.1% |
| 2025 | -35.71 % change on previous year | +145.6% |
Madagascar compared with similar countries
- Madagascar's -35.71 % change on previous year is below the median for low income countries, which is -13.2 % change on previous year, 2.7× the median. (22 countries reporting)
- Madagascar's -35.71 % change on previous year is below the median for Sub-Saharan Africa, which is 2.45 % change on previous year. (45 countries reporting)
Biggest year-on-year movements
Years where External balance on goods and services (current LCU), annual growth in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1963 | -64417.0% | 0.0911 % change on previous year | -58.58 % change on previous year |
| 1983 | +13328.1% | -0.1438 % change on previous year | 19.02 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -5.44 % change on previous year | -58.58 % change on previous year | 28.2 % change on previous year | 9 |
| 1970s | -47.32 % change on previous year | -192.13 % change on previous year | 49.99 % change on previous year | 10 |
| 1980s | -4.41 % change on previous year | -135.03 % change on previous year | 64.18 % change on previous year | 10 |
| 1990s | -84.62 % change on previous year | -629.09 % change on previous year | 41.62 % change on previous year | 10 |
| 2000s | -88.81 % change on previous year | -647.17 % change on previous year | 77.45 % change on previous year | 10 |
| 2010s | -1.5 % change on previous year | -50.65 % change on previous year | 39.31 % change on previous year | 10 |
| 2020s | -23.89 % change on previous year | -46.95 % change on previous year | -11.44 % change on previous year | 6 |
Countries ranked near Madagascar
- 148 Russia -33.51 % change on previous year compare
- 149 Antigua and Barbuda -34.48 % change on previous year compare
- 150 Germany -35.58 % change on previous year compare
- 152 Tajikistan -37.65 % change on previous year compare
- 153 Tunisia -39.51 % change on previous year compare
- 154 Ethiopia -39.64 % change on previous year compare
More economy & growth data for Madagascar
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is external balance on goods and services (current lcu), annual growth in Madagascar?
- External balance on goods and services (current lcu), annual growth in Madagascar was -35.71 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest external balance on goods and services (current lcu), annual growth recorded in Madagascar?
- The highest recorded value was 77.45 % change on previous year in 2001.
- What is the lowest external balance on goods and services (current lcu), annual growth recorded in Madagascar?
- The lowest recorded value was -647.17 % change on previous year in 2002.
- How does Madagascar rank for external balance on goods and services (current lcu), annual growth?
- Madagascar ranks 151st out of 192 countries with data for 2025.
- Is external balance on goods and services (current lcu), annual growth rising or falling in Madagascar?
- Over the last ten years it is down 464.4%. 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 External balance on goods and services (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- External balance on goods and services Country official statistics, National Statistical Organizations and/or Central Banks
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 External balance on goods and services (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.