Foreign direct investment (FDI) inflows in Madagascar

Madagascar: Foreign direct investment (FDI) inflows was 413.31 in 2024. ◆ Volatile

Latest (2024)
413.31
Change on year
down 0.3%
World rank
139th
of 222 countries
All-time high
1,393
in 2008
All-time low
5.73
in 1994
Years of data
35
1990–2024

Foreign direct investment (FDI) inflows in Madagascar, 1990–2024

05001.0k1.5k1990200720241990: 22.41991: 13.71992: 21.11993: 15.41994: 5.71995: 9.71996: 10.21997: 13.81998: 16.11999: 58.42000: 832001: 93.12002: 61.12003: 95.52004: 95.22005: 862006: 294.52007: 740.52008: 1.4k2009: 1.3k2010: 764.72011: 788.12012: 777.62013: 551.32014: 313.72015: 435.82016: 450.62017: 357.92018: 352.62019: 474.32020: 358.52021: 357.52022: 467.82023: 414.52024: 413.3

Source: United Nations Statistics Division, SDG Global Database.

Analysis

Madagascar recorded 413.31 for foreign direct investment (fdi) inflows in 2024.

That represents a change of down 0.3% on the previous year and up 31.8% over ten years.

Over the whole period, foreign direct investment (fdi) inflows in Madagascar peaked at 1,393 in 2008 and was at its lowest, 5.73, in 1994.

That places Madagascar 139th out of 222 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.

Foreign direct investment (FDI) inflows in Madagascar, year by year

Annual values for Foreign direct investment (FDI) inflows (millions of United States dollars) in Madagascar, 1990 to 2024.
Year Value Change
1990 22.39
1991 13.68 -38.9%
1992 21.13 +54.4%
1993 15.36 -27.3%
1994 5.73 -62.7%
1995 9.71 +69.5%
1996 10.16 +4.7%
1997 13.76 +35.4%
1998 16.14 +17.3%
1999 58.38 +261.7%
2000 82.95 +42.1%
2001 93.06 +12.2%
2002 61.11 -34.3%
2003 95.45 +56.2%
2004 95.19 -0.3%
2005 86.02 -9.6%
2006 294.51 +242.4%
2007 740.53 +151.4%
2008 1,393 +88.1%
2009 1,269 -8.9%
2010 764.69 -39.8%
2011 788.08 +3.1%
2012 777.64 -1.3%
2013 551.32 -29.1%
2014 313.68 -43.1%
2015 435.82 +38.9%
2016 450.63 +3.4%
2017 357.86 -20.6%
2018 352.55 -1.5%
2019 474.31 +34.5%
2020 358.47 -24.4%
2021 357.54 -0.3%
2022 467.85 +30.9%
2023 414.54 -11.4%
2024 413.31 -0.3%

Madagascar compared with similar countries

  • Madagascar's 413.31 is above the median for low income countries, which is 274, 1.5× the median. (23 countries reporting)
  • Madagascar's 413.31 is below the median for Sub-Saharan Africa, which is 596.7, 69% of the median. (45 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 18.64 5.73 58.38 10
2000s 421.09 61.11 1,393 10
2010s 526.66 313.68 788.08 10
2020s 402.34 357.54 467.85 5

Countries ranked near Madagascar

  1. 136 Botswana 467.42 compare
  2. 137 Qatar 460.17 compare
  3. 138 Saint Lucia 434.94 compare
  4. 140 Paraguay 399.93 compare
  5. 141 Republic of Moldova 343.75 compare
  6. 141 Moldova 343.75 compare

See the full ranking of 258 places →

More economy & growth data for Madagascar

All data for Madagascar →

Frequently asked questions

What is foreign direct investment (fdi) inflows in Madagascar?
Foreign direct investment (fdi) inflows in Madagascar was 413.31 in 2024, according to United Nations Statistics Division, SDG Global Database.
What is the highest foreign direct investment (fdi) inflows recorded in Madagascar?
The highest recorded value was 1,393 in 2008.
What is the lowest foreign direct investment (fdi) inflows recorded in Madagascar?
The lowest recorded value was 5.73 in 1994.
How does Madagascar rank for foreign direct investment (fdi) inflows?
Madagascar ranks 139th out of 222 countries with data for 2024.
Is foreign direct investment (fdi) inflows rising or falling in Madagascar?
Over the last ten years it is up 31.8%. 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 Foreign direct investment (FDI) inflows (millions of United States dollars). Statizoid updates them automatically from the source API.

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Foreign direct investment (FDI) inflows in Madagascar. Statizoid, drawing on United Nations Statistics Division, SDG Global Database. Retrieved 17 September 2026, from https://economy.statizoid.com/stat/foreign-direct-investment-fdi-inflows-millions-of-united-states-dollars/madagascar/

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About this data

Indicator
Foreign direct investment (FDI) inflows (millions of United States dollars)
Source
United Nations Statistics Division, SDG Global Database
Licence
UN SDG Global Database (open, attribution requested)
Coverage
258 places, 8,418 data points, 1990–2024
Last refreshed