External debt stocks, total (DOD, current US$) in Madagascar
Madagascar: External debt stocks, total (DOD, current US$) was 7.76 billion DOD, current US$ in 2025. ◆ Volatile
External debt stocks, total in Madagascar, 1970–2025
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Madagascar recorded 7.76 billion DOD, current US$ for external debt stocks, total in 2025. That is the highest value across all 56 years on record.
The figure is up 14.3% on the previous year and up 155.1% over ten years.
Over the whole period, external debt stocks, total in Madagascar peaked at 7.76 billion DOD, current US$ in 2025 and was at its lowest, 189.94 million DOD, current US$, in 1976.
That places Madagascar 76th out of 123 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, total (DOD, current US$) in Madagascar, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 1970 | 485.15 million DOD, current US$ | — |
| 1971 | 488.44 million DOD, current US$ | +0.7% |
| 1972 | 510.14 million DOD, current US$ | +4.4% |
| 1973 | 504.99 million DOD, current US$ | -1.0% |
| 1974 | 750.85 million DOD, current US$ | +48.7% |
| 1975 | 791.02 million DOD, current US$ | +5.4% |
| 1976 | 189.94 million DOD, current US$ | -76.0% |
| 1977 | 781.58 million DOD, current US$ | +311.5% |
| 1978 | 355.90 million DOD, current US$ | -54.5% |
| 1979 | 773.09 million DOD, current US$ | +117.2% |
| 1980 | 1.25 billion DOD, current US$ | +61.5% |
| 1981 | 1.61 billion DOD, current US$ | +29.2% |
| 1982 | 1.93 billion DOD, current US$ | +19.8% |
| 1983 | 2.04 billion DOD, current US$ | +5.6% |
| 1984 | 2.15 billion DOD, current US$ | +5.2% |
| 1985 | 2.53 billion DOD, current US$ | +17.8% |
| 1986 | 3.01 billion DOD, current US$ | +18.9% |
| 1987 | 3.68 billion DOD, current US$ | +22.5% |
| 1988 | 3.68 billion DOD, current US$ | +0.0% |
| 1989 | 3.43 billion DOD, current US$ | -6.8% |
| 1990 | 3.70 billion DOD, current US$ | +7.9% |
| 1991 | 3.91 billion DOD, current US$ | +5.6% |
| 1992 | 3.91 billion DOD, current US$ | +0.1% |
| 1993 | 3.80 billion DOD, current US$ | -2.7% |
| 1994 | 4.10 billion DOD, current US$ | +7.7% |
| 1995 | 4.32 billion DOD, current US$ | +5.5% |
| 1996 | 4.15 billion DOD, current US$ | -4.1% |
| 1997 | 4.11 billion DOD, current US$ | -0.9% |
| 1998 | 4.39 billion DOD, current US$ | +6.9% |
| 1999 | 4.78 billion DOD, current US$ | +8.8% |
| 2000 | 4.73 billion DOD, current US$ | -1.2% |
| 2001 | 4.18 billion DOD, current US$ | -11.5% |
| 2002 | 4.54 billion DOD, current US$ | +8.6% |
| 2003 | 4.98 billion DOD, current US$ | +9.6% |
| 2004 | 3.82 billion DOD, current US$ | -23.2% |
| 2005 | 3.53 billion DOD, current US$ | -7.8% |
| 2006 | 1.53 billion DOD, current US$ | -56.7% |
| 2007 | 2.33 billion DOD, current US$ | +52.7% |
| 2008 | 2.53 billion DOD, current US$ | +8.6% |
| 2009 | 2.85 billion DOD, current US$ | +12.4% |
| 2010 | 2.76 billion DOD, current US$ | -3.2% |
| 2011 | 2.87 billion DOD, current US$ | +4.0% |
| 2012 | 2.99 billion DOD, current US$ | +4.4% |
| 2013 | 2.94 billion DOD, current US$ | -1.8% |
| 2014 | 2.96 billion DOD, current US$ | +0.8% |
| 2015 | 3.04 billion DOD, current US$ | +2.7% |
| 2016 | 3.01 billion DOD, current US$ | -1.0% |
| 2017 | 3.42 billion DOD, current US$ | +13.6% |
| 2018 | 3.77 billion DOD, current US$ | +10.1% |
| 2019 | 4.10 billion DOD, current US$ | +8.8% |
| 2020 | 4.91 billion DOD, current US$ | +19.7% |
| 2021 | 5.46 billion DOD, current US$ | +11.3% |
| 2022 | 6.06 billion DOD, current US$ | +11.0% |
| 2023 | 6.56 billion DOD, current US$ | +8.3% |
| 2024 | 6.79 billion DOD, current US$ | +3.5% |
| 2025 | 7.76 billion DOD, current US$ | +14.3% |
Madagascar compared with similar countries
- Madagascar's 7.76 billion DOD, current US$ is above the median for low income countries, which is 5.95 billion DOD, current US$, 1.3× the median. (23 countries reporting)
- Madagascar's 7.76 billion DOD, current US$ is above the median for Sub-Saharan Africa, which is 7.71 billion DOD, current US$, 1.0× the median. (45 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, total (DOD, current US$) 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 |
|---|---|---|---|
| 1977 | +311.5% | 189.94 million DOD, current US$ | 781.58 million DOD, current US$ |
| 1979 | +117.2% | 355.90 million DOD, current US$ | 773.09 million DOD, current US$ |
| 1976 | -76.0% | 791.02 million DOD, current US$ | 189.94 million DOD, current US$ |
| 2006 | -56.7% | 3.53 billion DOD, current US$ | 1.53 billion DOD, current US$ |
| 1978 | -54.5% | 781.58 million DOD, current US$ | 355.90 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 563.11 million DOD, current US$ | 189.94 million DOD, current US$ | 791.02 million DOD, current US$ | 10 |
| 1980s | 2.53 billion DOD, current US$ | 1.25 billion DOD, current US$ | 3.68 billion DOD, current US$ | 10 |
| 1990s | 4.12 billion DOD, current US$ | 3.70 billion DOD, current US$ | 4.78 billion DOD, current US$ | 10 |
| 2000s | 3.50 billion DOD, current US$ | 1.53 billion DOD, current US$ | 4.98 billion DOD, current US$ | 10 |
| 2010s | 3.19 billion DOD, current US$ | 2.76 billion DOD, current US$ | 4.10 billion DOD, current US$ | 10 |
| 2020s | 6.26 billion DOD, current US$ | 4.91 billion DOD, current US$ | 7.76 billion DOD, current US$ | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- 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)
Frequently asked questions
- What is external debt stocks, total in Madagascar?
- External debt stocks, total in Madagascar was 7.76 billion DOD, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, total recorded in Madagascar?
- The highest recorded value was 7.76 billion DOD, current US$ in 2025.
- What is the lowest external debt stocks, total recorded in Madagascar?
- The lowest recorded value was 189.94 million DOD, current US$ in 1976.
- How does Madagascar rank for external debt stocks, total?
- Madagascar ranks 76th out of 123 countries with data for 2025.
- Is external debt stocks, total rising or falling in Madagascar?
- Over the last ten years it is up 155.1%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of External debt stocks, total (DOD, current US$). Statizoid updates them automatically from the source API.
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About this data
Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt. Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Data are in current U.S. dollars.