Foreign direct investment, net inflows in Madagascar
Madagascar: Foreign direct investment, net inflows was 3.4% in 2024. ◆ Volatile
Foreign direct investment, net inflows in Madagascar, 1970–2024
Source: International Financial Statistics and Balance of Payments databases, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for foreign direct investment, net inflows in Madagascar is 3.4%, measured in 2024.
Compared with earlier readings it is up 6.4% on the previous year and up 15.7% over ten years.
Over the whole period, foreign direct investment, net inflows in Madagascar peaked at 13.4% in 2009 and was at its lowest, -0.2%, in 1979.
Madagascar ranks 68th of 200 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 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
- Gross capital formation (constant 2015 US$), annual growth rate 9.32 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.18 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 107.86 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 9.46 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.3291 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 197.21 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 9.56 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 1,491 current LCU per US$ of GDP (2025)
- Imports of goods and services (current LCU), per capita 893,298 current LCU per person (2025)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.02 % change on previous year (2025)
Frequently asked questions
- What is foreign direct investment, net inflows in Madagascar?
- Foreign direct investment, net inflows in Madagascar was 3.4% in 2024, according to International Financial Statistics and Balance of Payments databases, International Monetary Fund (IMF).
- What is the highest foreign direct investment, net inflows recorded in Madagascar?
- The highest recorded value was 13.4% in 2009.
- What is the lowest foreign direct investment, net inflows recorded in Madagascar?
- The lowest recorded value was -0.2% in 1979.
- How does Madagascar rank for foreign direct investment, net inflows?
- Madagascar ranks 68th out of 200 countries with data for 2024.
- Is foreign direct investment, net inflows 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 International Financial Statistics and Balance of Payments databases, International Monetary Fund (IMF), published as part of Foreign direct investment, net inflows (% of GDP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Foreign direct investment is the net inflows of investment to acquire a lasting management interest (10 percent or more of voting stock) in an enterprise operating in an economy other than that of the investor. It is the sum of equity capital, reinvestment of earnings, other long-term capital, and short-term capital as shown in the balance of payments. This series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors, and is divided by GDP.