External debt stocks, total in Madagascar
Madagascar: External debt stocks, total was 6.65 billion DOD, current US$ in 2024. ◆ Volatile
Latest (2024)
6.65 billion DOD, current US$
Change on year
up 3.5%
World rank
79th
of 122 countries
All-time high
6.65 billion DOD, current US$
in 2024
All-time low
189.94 million DOD, current US$
in 1976
Years of data
55
1970–2024
External debt stocks, total in Madagascar, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
Madagascar recorded 6.65 billion DOD, current US$ for external debt stocks, total in 2024. That is the highest value across all 55 years on record.
The figure is up 3.5% on the previous year and up 124.5% over ten years.
Over the whole period, external debt stocks, total in Madagascar peaked at 6.65 billion DOD, current US$ in 2024 and was at its lowest, 189.94 million DOD, current US$, in 1976.
That places Madagascar 79th out of 122 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, total in Madagascar, year by year
| Year | DOD, current US$ | 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 | 3.01 billion DOD, current US$ | +1.5% |
| 2016 | 2.98 billion DOD, current US$ | -1.0% |
| 2017 | 3.38 billion DOD, current US$ | +13.6% |
| 2018 | 3.72 billion DOD, current US$ | +10.0% |
| 2019 | 4.04 billion DOD, current US$ | +8.7% |
| 2020 | 4.84 billion DOD, current US$ | +19.7% |
| 2021 | 5.34 billion DOD, current US$ | +10.4% |
| 2022 | 5.94 billion DOD, current US$ | +11.0% |
| 2023 | 6.43 billion DOD, current US$ | +8.3% |
| 2024 | 6.65 billion DOD, current US$ | +3.5% |
Madagascar compared with similar countries
- Madagascar's 6.65 billion DOD, current US$ is above the median for low income countries, which is 4.76 billion DOD, current US$, 1.4× the median. (23 countries reporting)
- Madagascar's 6.65 billion DOD, current US$ is below the median for Sub-Saharan Africa, which is 6.69 billion DOD, current US$, 99% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, total in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1977 | +311.5% | 189.94 million DOD, current US$ | 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 | 3.17 billion DOD, current US$ | 2.76 billion DOD, current US$ | 4.04 billion DOD, current US$ | 10 |
| 2020s | 5.84 billion DOD, current US$ | 4.84 billion DOD, current US$ | 6.65 billion DOD, current US$ | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is external debt stocks, total in Madagascar?
- External debt stocks, total in Madagascar was 6.65 billion DOD, current US$ in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, total recorded in Madagascar?
- The highest recorded value was 6.65 billion DOD, current US$ in 2024.
- 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 79th out of 122 countries with data for 2024.
- Is external debt stocks, total rising or falling in Madagascar?
- Over the last ten years it is up 124.5%. 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.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.