External debt stocks as a proportion of GNI in Madagascar
Madagascar: External debt stocks as a proportion of GNI was 39.2% in 2024. ◆ Volatile
External debt stocks as a proportion of GNI in Madagascar, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
The most recent figure for external debt stocks as a proportion of gni in Madagascar is 39.2%, measured in 2024.
That represents a change of down 5.3% on the previous year and up 61.7% over ten years.
Over the whole period, external debt stocks as a proportion of gni in Madagascar peaked at 103.0% in 2000 and was at its lowest, 23.8%, in 2008.
Madagascar ranks 64th of 109 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 stocks as a proportion of GNI in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 103.0% | — |
| 2001 | 78.1% | -24.2% |
| 2002 | 87.1% | +11.4% |
| 2003 | 79.1% | -9.1% |
| 2004 | 76.6% | -3.1% |
| 2005 | 61.5% | -19.8% |
| 2006 | 24.4% | -60.2% |
| 2007 | 27.6% | +13.1% |
| 2008 | 23.8% | -13.7% |
| 2009 | 30.1% | +26.1% |
| 2010 | 28.1% | -6.5% |
| 2011 | 25.3% | -10.1% |
| 2012 | 26.7% | +5.6% |
| 2013 | 24.5% | -8.3% |
| 2014 | 24.2% | -1.1% |
| 2015 | 27.5% | +13.3% |
| 2016 | 26.0% | -5.3% |
| 2017 | 26.4% | +1.4% |
| 2018 | 27.8% | +5.5% |
| 2019 | 29.6% | +6.4% |
| 2020 | 38.2% | +29.0% |
| 2021 | 37.9% | -0.8% |
| 2022 | 39.7% | +4.7% |
| 2023 | 41.4% | +4.4% |
| 2024 | 39.2% | -5.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.1% | 23.8% | 103.0% | 10 |
| 2010s | 26.6% | 24.2% | 29.6% | 10 |
| 2020s | 39.3% | 37.9% | 41.4% | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Manufacturing, value added (current US$), per unit of GDP 0.1312 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 72.21 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 593.75 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 326,786 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.079 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 43.45 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 66,816 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 16.31 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.239 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 143.24 current US$ per person (2025)
Frequently asked questions
- What is external debt stocks as a proportion of gni in Madagascar?
- External debt stocks as a proportion of gni in Madagascar was 39.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest external debt stocks as a proportion of gni recorded in Madagascar?
- The highest recorded value was 103.0% in 2000.
- What is the lowest external debt stocks as a proportion of gni recorded in Madagascar?
- The lowest recorded value was 23.8% in 2008.
- How does Madagascar rank for external debt stocks as a proportion of gni?
- Madagascar ranks 64th out of 109 countries with data for 2024.
- Is external debt stocks as a proportion of gni rising or falling in Madagascar?
- Over the last ten years it is up 61.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of External debt stocks as a proportion of GNI (%). Statizoid updates them automatically from the source API.
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