Foreign direct investment (FDI) inflows (millions of United States) in Madagascar
Madagascar: Foreign direct investment (FDI) inflows (millions of United States) was 413.31 million current US$ in 2024. ◆ Volatile
Latest (2024)
413.31 million current US$
Change on year
down 0.3%
World rank
140th
of 224 countries
All-time high
1,393 million current US$
in 2008
All-time low
5.73 million current US$
in 1994
Years of data
35
1990–2024
Foreign direct investment (FDI) inflows in Madagascar, 1990–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in million current US$.
Analysis
Madagascar recorded 413.31 million current US$ 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 million current US$ in 2008 and was at its lowest, 5.73 million current US$, in 1994.
That places Madagascar 140th out of 224 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment (FDI) inflows (millions of United States) in Madagascar, year by year
| Year | million current US$ | Change |
|---|---|---|
| 1990 | 22.39 million current US$ | — |
| 1991 | 13.68 million current US$ | -38.9% |
| 1992 | 21.13 million current US$ | +54.4% |
| 1993 | 15.36 million current US$ | -27.3% |
| 1994 | 5.73 million current US$ | -62.7% |
| 1995 | 9.71 million current US$ | +69.5% |
| 1996 | 10.16 million current US$ | +4.7% |
| 1997 | 13.76 million current US$ | +35.4% |
| 1998 | 16.14 million current US$ | +17.3% |
| 1999 | 58.38 million current US$ | +261.7% |
| 2000 | 82.95 million current US$ | +42.1% |
| 2001 | 93.06 million current US$ | +12.2% |
| 2002 | 61.11 million current US$ | -34.3% |
| 2003 | 95.45 million current US$ | +56.2% |
| 2004 | 95.19 million current US$ | -0.3% |
| 2005 | 86.02 million current US$ | -9.6% |
| 2006 | 294.51 million current US$ | +242.4% |
| 2007 | 740.53 million current US$ | +151.4% |
| 2008 | 1,393 million current US$ | +88.1% |
| 2009 | 1,269 million current US$ | -8.9% |
| 2010 | 764.69 million current US$ | -39.8% |
| 2011 | 788.08 million current US$ | +3.1% |
| 2012 | 777.64 million current US$ | -1.3% |
| 2013 | 551.32 million current US$ | -29.1% |
| 2014 | 313.68 million current US$ | -43.1% |
| 2015 | 435.82 million current US$ | +38.9% |
| 2016 | 450.63 million current US$ | +3.4% |
| 2017 | 357.86 million current US$ | -20.6% |
| 2018 | 352.55 million current US$ | -1.5% |
| 2019 | 474.31 million current US$ | +34.5% |
| 2020 | 358.47 million current US$ | -24.4% |
| 2021 | 357.54 million current US$ | -0.3% |
| 2022 | 467.85 million current US$ | +30.9% |
| 2023 | 414.54 million current US$ | -11.4% |
| 2024 | 413.31 million current US$ | -0.3% |
Madagascar compared with similar countries
- Madagascar's 413.31 million current US$ is above the median for low income countries, which is 274 million current US$, 1.5× the median. (23 countries reporting)
- Madagascar's 413.31 million current US$ is below the median for Sub-Saharan Africa, which is 596.7 million current US$, 69% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 18.64 million current US$ | 5.73 million current US$ | 58.38 million current US$ | 10 |
| 2000s | 421.09 million current US$ | 61.11 million current US$ | 1,393 million current US$ | 10 |
| 2010s | 526.66 million current US$ | 313.68 million current US$ | 788.08 million current US$ | 10 |
| 2020s | 402.34 million current US$ | 357.54 million current US$ | 467.85 million current US$ | 5 |
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 foreign direct investment (fdi) inflows in Madagascar?
- Foreign direct investment (fdi) inflows in Madagascar was 413.31 million current US$ 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 million current US$ in 2008.
- What is the lowest foreign direct investment (fdi) inflows recorded in Madagascar?
- The lowest recorded value was 5.73 million current US$ in 1994.
- How does Madagascar rank for foreign direct investment (fdi) inflows?
- Madagascar ranks 140th out of 224 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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