External debt as a share of gni in Madagascar
Madagascar: External debt as a share of gni was 41.78 in 2023. ◆ Volatile
Latest (2023)
41.78
Change on year
up 3.9%
World rank
66th
of 118 countries
All-time high
103.02
in 2000
All-time low
23.84
in 2008
Years of data
24
2000–2023
External debt as a share of gni in Madagascar, 2000–2023
Source: Our World in Data.
Analysis
The most recent figure for external debt as a share of gni in Madagascar is 41.78, measured in 2023.
That represents a change of up 3.9% on the previous year and up 70.5% over ten years.
Over the whole period, external debt as a share of gni in Madagascar peaked at 103.02 in 2000 and was at its lowest, 23.84, in 2008.
Madagascar ranks 66th of 118 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.
External debt as a share of gni in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 103.02 | — |
| 2001 | 78.12 | -24.2% |
| 2002 | 87.05 | +11.4% |
| 2003 | 79.1 | -9.1% |
| 2004 | 76.64 | -3.1% |
| 2005 | 61.45 | -19.8% |
| 2006 | 24.44 | -60.2% |
| 2007 | 27.64 | +13.1% |
| 2008 | 23.84 | -13.7% |
| 2009 | 30.06 | +26.1% |
| 2010 | 28.11 | -6.5% |
| 2011 | 25.29 | -10.0% |
| 2012 | 26.71 | +5.6% |
| 2013 | 24.5 | -8.3% |
| 2014 | 24.34 | -0.7% |
| 2015 | 27.61 | +13.4% |
| 2016 | 26.16 | -5.3% |
| 2017 | 26.51 | +1.3% |
| 2018 | 27.97 | +5.5% |
| 2019 | 29.71 | +6.2% |
| 2020 | 38.07 | +28.1% |
| 2021 | 37.39 | -1.8% |
| 2022 | 40.21 | +7.5% |
| 2023 | 41.78 | +3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.14 | 23.84 | 103.02 | 10 |
| 2010s | 26.69 | 24.34 | 29.71 | 10 |
| 2020s | 39.36 | 37.39 | 41.78 | 4 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- GNI (current LCU), annual growth rate 12.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 4,425 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 2.65 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.83 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.74 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 11.52 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0756 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 45.33 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 11.63 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 342.64 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is external debt as a share of gni in Madagascar?
- External debt as a share of gni in Madagascar was 41.78 in 2023, according to Our World in Data.
- What is the highest external debt as a share of gni recorded in Madagascar?
- The highest recorded value was 103.02 in 2000.
- What is the lowest external debt as a share of gni recorded in Madagascar?
- The lowest recorded value was 23.84 in 2008.
- How does Madagascar rank for external debt as a share of gni?
- Madagascar ranks 66th out of 118 countries with data for 2023.
- Is external debt as a share of gni rising or falling in Madagascar?
- Over the last ten years it is up 70.5%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Our World in Data, published as part of External debt as a share of gni. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).