Foreign direct investment, net outflows in Madagascar
Madagascar: Foreign direct investment, net outflows was 0.8% in 2024. ◆ Volatile
Foreign direct investment, net outflows in Madagascar, 1974–2024
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 % of GDP.
Analysis
In 2024, foreign direct investment, net outflows in Madagascar stood at 0.8%.
The figure is down 31.1% on the previous year and up 160.2% over ten years.
Over the whole period, foreign direct investment, net outflows in Madagascar peaked at 1.1% in 2023 and was at its lowest, -0.3%, in 1988.
That places Madagascar 66th out of 191 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 outflows in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 0.0% | — |
| 1975 | 0.0% | — |
| 1976 | 0.0% | — |
| 1977 | 0.0% | — |
| 1978 | 0.0% | — |
| 1979 | 0.0% | — |
| 1980 | 0.0% | — |
| 1981 | 0.0% | — |
| 1982 | 0.0% | — |
| 1983 | 0.0% | — |
| 1984 | 0.0% | — |
| 1985 | 0.0% | — |
| 1986 | 0.0% | — |
| 1987 | 0.2% | +306.0% |
| 1988 | -0.3% | -242.3% |
| 1989 | 0.0% | -105.3% |
| 1990 | 0.0% | +144.1% |
| 1991 | -0.0% | -137.1% |
| 1992 | 0.1% | -502.8% |
| 1993 | 0.1% | +138.1% |
| 1994 | 0.1% | -34.7% |
| 1995 | 0.0% | -50.1% |
| 1996 | -0.0% | -140.0% |
| 1997 | -0.0% | +124.0% |
| 2000 | -0.0% | -44.0% |
| 2001 | 0.0% | -203.4% |
| 2005 | 0.6% | +2797.9% |
| 2006 | 0.2% | -70.7% |
| 2007 | 0.5% | +158.5% |
| 2008 | 0.4% | -7.9% |
| 2009 | 0.3% | -34.5% |
| 2010 | 0.4% | +60.2% |
| 2011 | 0.4% | -16.0% |
| 2012 | 0.3% | -14.1% |
| 2013 | 0.1% | -60.1% |
| 2014 | 0.3% | +133.7% |
| 2015 | 0.7% | +146.5% |
| 2016 | 0.8% | +4.7% |
| 2017 | 0.8% | +6.2% |
| 2018 | 0.9% | +6.5% |
| 2019 | 0.7% | -15.9% |
| 2020 | 0.9% | +26.7% |
| 2021 | 0.8% | -12.7% |
| 2022 | 0.9% | +16.2% |
| 2023 | 1.1% | +19.9% |
| 2024 | 0.8% | -31.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0% | 0.0% | 0.0% | 6 |
| 1980s | -0.0% | -0.3% | 0.2% | 10 |
| 1990s | 0.0% | -0.0% | 0.1% | 8 |
| 2000s | 0.3% | -0.0% | 0.6% | 7 |
| 2010s | 0.5% | 0.1% | 0.9% | 10 |
| 2020s | 0.9% | 0.8% | 1.1% | 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 outflows in Madagascar?
- Foreign direct investment, net outflows in Madagascar was 0.8% in 2024, 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 outflows recorded in Madagascar?
- The highest recorded value was 1.1% in 2023.
- What is the lowest foreign direct investment, net outflows recorded in Madagascar?
- The lowest recorded value was -0.3% in 1988.
- How does Madagascar rank for foreign direct investment, net outflows?
- Madagascar ranks 66th out of 191 countries with data for 2024.
- Is foreign direct investment, net outflows rising or falling in Madagascar?
- Over the last ten years it is up 160.2%. 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 outflows (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Foreign direct investment refers to direct investment equity flows in an 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. This series shows net outflows of investment from the reporting economy to the rest of the world, and is divided by GDP.