Foreign direct investment, net inflows as share of GDP in Madagascar
Madagascar: Foreign direct investment, net inflows as share of GDP was 3.4% in 2024. ◆ Volatile
Foreign direct investment, net inflows as share of GDP in Madagascar, 1970–2024
Source: IMF International Financial Statistics and Balance of Payments; World Bank International Debt Statistics and GDP estimates; and OECD GDP estimates (2026) – processed by Our World in Data. Measured in % of GDP.
Analysis
In 2024, foreign direct investment, net inflows as share of gdp in Madagascar stood at 3.4%.
That represents a change of up 6.4% on the previous year and up 15.7% over ten years.
Over the whole period, foreign direct investment, net inflows as share of gdp in Madagascar peaked at 13.4% in 2009 and was at its lowest, -0.2%, in 1979.
That places Madagascar 66th out of 198 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, net inflows as share of GDP in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 0.9% | — |
| 1971 | 0.1% | -90.0% |
| 1972 | 0.9% | +893.4% |
| 1973 | 0.7% | -25.6% |
| 1974 | 0.7% | +7.4% |
| 1975 | 0.2% | -72.0% |
| 1976 | 0.1% | -68.4% |
| 1977 | -0.1% | -285.4% |
| 1978 | -0.1% | +17.4% |
| 1979 | -0.2% | +37.9% |
| 1980 | -0.0% | -92.0% |
| 1981 | -0.0% | +10.7% |
| 1982 | -0.0% | -88.8% |
| 1983 | 0.1% | -4308.9% |
| 1984 | 0.2% | +177.2% |
| 1985 | -0.0% | -102.2% |
| 1986 | 0.3% | -6921.5% |
| 1987 | 0.1% | -66.6% |
| 1988 | 0.1% | -15.5% |
| 1989 | 0.4% | +342.3% |
| 1990 | 0.6% | +41.1% |
| 1991 | 0.4% | -26.2% |
| 1992 | 0.6% | +35.3% |
| 1993 | 0.4% | -33.6% |
| 1994 | 0.2% | -57.0% |
| 1995 | 0.3% | +55.6% |
| 1996 | 0.2% | -18.6% |
| 1997 | 0.3% | +59.4% |
| 1998 | 0.4% | +15.0% |
| 1999 | 1.4% | +261.1% |
| 2000 | 1.8% | +31.3% |
| 2001 | 1.7% | -4.5% |
| 2002 | 0.3% | -84.0% |
| 2003 | 0.2% | -26.3% |
| 2004 | 1.0% | +417.1% |
| 2005 | 1.5% | +39.6% |
| 2006 | 4.6% | +216.0% |
| 2007 | 9.3% | +101.0% |
| 2008 | 10.6% | +14.2% |
| 2009 | 13.4% | +27.1% |
| 2010 | 9.1% | -32.0% |
| 2011 | 7.1% | -22.7% |
| 2012 | 7.0% | -0.3% |
| 2013 | 4.6% | -35.3% |
| 2014 | 3.0% | -34.6% |
| 2015 | 2.9% | -2.7% |
| 2016 | 4.6% | +57.5% |
| 2017 | 3.5% | -22.7% |
| 2018 | 4.4% | +26.1% |
| 2019 | 3.4% | -24.4% |
| 2020 | 2.7% | -18.3% |
| 2021 | 2.5% | -9.3% |
| 2022 | 3.0% | +22.4% |
| 2023 | 3.2% | +6.2% |
| 2024 | 3.4% | +6.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.3% | -0.2% | 0.9% | 10 |
| 1980s | 0.1% | -0.0% | 0.4% | 10 |
| 1990s | 0.5% | 0.2% | 1.4% | 10 |
| 2000s | 4.4% | 0.2% | 13.4% | 10 |
| 2010s | 5.0% | 2.9% | 9.1% | 10 |
| 2020s | 3.0% | 2.5% | 3.4% | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- 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)
- Industry (including construction), value added (current LCU), annual 16.42 % change on previous year (2025)
- Industry (including construction), value added (current LCU), per 1,083 current LCU per US$ of GDP (2025)
- Industry (including construction), value added (current LCU), per 648,847 current LCU per person (2025)
- Industry (including construction), value added (constant 2015 US$) 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.156 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 93.46 constant 2015 US$ per person (2025)
Frequently asked questions
- What is foreign direct investment, net inflows as share of gdp in Madagascar?
- Foreign direct investment, net inflows as share of gdp in Madagascar was 3.4% in 2024, according to IMF International Financial Statistics and Balance of Payments; World Bank International Debt Statistics and GDP estimates; and OECD GDP estimates (2026) – processed by Our World in Data.
- What is the highest foreign direct investment, net inflows as share of gdp recorded in Madagascar?
- The highest recorded value was 13.4% in 2009.
- What is the lowest foreign direct investment, net inflows as share of gdp recorded in Madagascar?
- The lowest recorded value was -0.2% in 1979.
- How does Madagascar rank for foreign direct investment, net inflows as share of gdp?
- Madagascar ranks 66th out of 198 countries with data for 2024.
- Is foreign direct investment, net inflows as share of gdp rising or falling in Madagascar?
- Over the last ten years it is up 15.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from IMF International Financial Statistics and Balance of Payments; World Bank International Debt Statistics and GDP estimates; and OECD GDP estimates (2026) – processed by Our World in Data, published as part of Foreign direct investment, net inflows as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Net inflows of foreign direct investment from foreign investors to the reporting economy.