Foreign direct investment, net inflows (BoP, current US$) in Madagascar
Madagascar: Foreign direct investment, net inflows (BoP, current US$) was 888.98 million BoP, current US$ in 2025. ◆ Volatile
Foreign direct investment, net inflows in Madagascar, 1970–2025
Source: Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D. Measured in BoP, current US$.
Analysis
Madagascar recorded 888.98 million BoP, current US$ for foreign direct investment, net inflows in 2025.
That represents a change of up 46.6% on the previous year and up 171.0% over ten years.
Over the whole period, foreign direct investment, net inflows in Madagascar peaked at 1.29 billion BoP, current US$ in 2009 and was at its lowest, -6.58 million BoP, current US$, in 1979.
Madagascar ranks 101st of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Foreign direct investment, net inflows (BoP, current US$) in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1970 | 10.00 million BoP, current US$ | — |
| 1971 | 1.08 million BoP, current US$ | -89.2% |
| 1972 | 12.00 million BoP, current US$ | +1011.1% |
| 1973 | 11.00 million BoP, current US$ | -8.3% |
| 1974 | 13.71 million BoP, current US$ | +24.6% |
| 1975 | 4.57 million BoP, current US$ | -66.6% |
| 1976 | 1.38 million BoP, current US$ | -69.8% |
| 1977 | -2.77 million BoP, current US$ | -300.4% |
| 1978 | -3.68 million BoP, current US$ | +32.9% |
| 1979 | -6.58 million BoP, current US$ | +78.9% |
| 1980 | -790,000 BoP, current US$ | -88.0% |
| 1981 | -800,000 BoP, current US$ | +1.3% |
| 1982 | -90,000 BoP, current US$ | -88.8% |
| 1983 | 3.71 million BoP, current US$ | -4222.2% |
| 1984 | 8.57 million BoP, current US$ | +131.0% |
| 1985 | -180,000 BoP, current US$ | -102.1% |
| 1986 | 14.04 million BoP, current US$ | -7900.0% |
| 1987 | 3.47 million BoP, current US$ | -75.3% |
| 1988 | 2.91 million BoP, current US$ | -16.1% |
| 1989 | 12.82 million BoP, current US$ | +340.4% |
| 1990 | 22.39 million BoP, current US$ | +74.7% |
| 1991 | 13.68 million BoP, current US$ | -38.9% |
| 1992 | 21.13 million BoP, current US$ | +54.5% |
| 1993 | 15.36 million BoP, current US$ | -27.3% |
| 1994 | 5.73 million BoP, current US$ | -62.7% |
| 1995 | 9.71 million BoP, current US$ | +69.5% |
| 1996 | 10.16 million BoP, current US$ | +4.7% |
| 1997 | 14.01 million BoP, current US$ | +37.8% |
| 1998 | 16.64 million BoP, current US$ | +18.8% |
| 1999 | 58.39 million BoP, current US$ | +251.0% |
| 2000 | 82.95 million BoP, current US$ | +42.1% |
| 2001 | 93.06 million BoP, current US$ | +12.2% |
| 2002 | 14.66 million BoP, current US$ | -84.2% |
| 2003 | 12.87 million BoP, current US$ | -12.2% |
| 2004 | 52.91 million BoP, current US$ | +311.0% |
| 2005 | 85.43 million BoP, current US$ | +61.5% |
| 2006 | 294.68 million BoP, current US$ | +244.9% |
| 2007 | 789.39 million BoP, current US$ | +167.9% |
| 2008 | 1.13 billion BoP, current US$ | +43.7% |
| 2009 | 1.29 billion BoP, current US$ | +14.0% |
| 2010 | 912.29 million BoP, current US$ | -29.5% |
| 2011 | 815.53 million BoP, current US$ | -10.6% |
| 2012 | 814.79 million BoP, current US$ | -0.1% |
| 2013 | 565.85 million BoP, current US$ | -30.6% |
| 2014 | 372.87 million BoP, current US$ | -34.1% |
| 2015 | 328.06 million BoP, current US$ | -12.0% |
| 2016 | 540.84 million BoP, current US$ | +64.9% |
| 2017 | 464.86 million BoP, current US$ | -14.0% |
| 2018 | 612.04 million BoP, current US$ | +31.7% |
| 2019 | 474.31 million BoP, current US$ | -22.5% |
| 2020 | 358.47 million BoP, current US$ | -24.4% |
| 2021 | 357.54 million BoP, current US$ | -0.3% |
| 2022 | 467.85 million BoP, current US$ | +30.9% |
| 2023 | 519.51 million BoP, current US$ | +11.0% |
| 2024 | 606.21 million BoP, current US$ | +16.7% |
| 2025 | 888.98 million BoP, current US$ | +46.6% |
Madagascar compared with similar countries
- Madagascar's 888.98 million BoP, current US$ is above the median for low income countries, which is 273.72 million BoP, current US$, 3.2× the median. (25 countries reporting)
- Madagascar's 888.98 million BoP, current US$ is above the median for Sub-Saharan Africa, which is 490.83 million BoP, current US$, 1.8× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Foreign direct investment, net inflows (BoP, current US$) 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 |
|---|---|---|---|
| 1986 | +7900.0% | -180,000 BoP, current US$ | 14.04 million BoP, current US$ |
| 1983 | +4222.2% | -90,000 BoP, current US$ | 3.71 million BoP, current US$ |
| 1972 | +1011.1% | 1.08 million BoP, current US$ | 12.00 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.07 million BoP, current US$ | -6.58 million BoP, current US$ | 13.71 million BoP, current US$ | 10 |
| 1980s | 4.37 million BoP, current US$ | -800,000 BoP, current US$ | 14.04 million BoP, current US$ | 10 |
| 1990s | 18.72 million BoP, current US$ | 5.73 million BoP, current US$ | 58.39 million BoP, current US$ | 10 |
| 2000s | 385.38 million BoP, current US$ | 12.87 million BoP, current US$ | 1.29 billion BoP, current US$ | 10 |
| 2010s | 590.14 million BoP, current US$ | 328.06 million BoP, current US$ | 912.29 million BoP, current US$ | 10 |
| 2020s | 533.09 million BoP, current US$ | 357.54 million BoP, current US$ | 888.98 million BoP, current US$ | 6 |
Countries ranked near Madagascar
- 98 Rwanda 967.46 million BoP, current US$ compare
- 99 Zimbabwe 965.00 million BoP, current US$ compare
- 100 Panama 938.47 million BoP, current US$ compare
- 102 Italy 882.91 million BoP, current US$ compare
- 103 Maldives 857.08 million BoP, current US$ compare
- 104 Bosnia and Herzegovina 851.46 million BoP, current US$ compare
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, net inflows in Madagascar?
- Foreign direct investment, net inflows in Madagascar was 888.98 million BoP, current US$ in 2025, according to Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D.
- What is the highest foreign direct investment, net inflows recorded in Madagascar?
- The highest recorded value was 1.29 billion BoP, current US$ in 2009.
- What is the lowest foreign direct investment, net inflows recorded in Madagascar?
- The lowest recorded value was -6.58 million BoP, current US$ in 1979.
- How does Madagascar rank for foreign direct investment, net inflows?
- Madagascar ranks 101st out of 204 countries with data for 2025.
- Is foreign direct investment, net inflows rising or falling in Madagascar?
- Over the last ten years it is up 171.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments database, International Monetary Fund (IMF), note: International Monetary Fund, Balance of Payments database, supplemented by data from the United Nations Conference on Trade and D, published as part of Foreign direct investment, net inflows (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Foreign direct investment refers to direct investment equity flows in the reporting economy. It is the sum of equity capital, reinvestment of earnings, and other capital. Direct investment is a category of cross-border investment associated with a resident in one economy having control or a significant degree of influence on the management of an enterprise that is resident in another economy. Ownership of 10 percent or more of the ordinary shares of voting stock is the criterion for determining the existence of a direct investment relationship. Data are in current U.S. dollars.