GDP in Madagascar
Madagascar: GDP was 19.62 billion current US$ in 2025. ◆ Volatile
Latest (2025)
19.62 billion current US$
Change on year
up 11.5%
World rank
137th
of 214 countries
All-time high
19.62 billion current US$
in 2025
All-time low
673.08 million current US$
in 1960
Years of data
66
1960–2025
GDP in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gdp in Madagascar stood at 19.62 billion current US$. That is the highest value across all 66 years on record.
That represents a change of up 11.5% on the previous year and up 73.3% over ten years.
Over the whole period, gdp in Madagascar peaked at 19.62 billion current US$ in 2025 and was at its lowest, 673.08 million current US$, in 1960.
That places Madagascar 137th out of 214 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 673.08 million current US$ | — |
| 1961 | 699.16 million current US$ | +3.9% |
| 1962 | 739.29 million current US$ | +5.7% |
| 1963 | 759.35 million current US$ | +2.7% |
| 1964 | 802.48 million current US$ | +5.7% |
| 1965 | 833.56 million current US$ | +3.9% |
| 1966 | 900.26 million current US$ | +8.0% |
| 1967 | 956.44 million current US$ | +6.2% |
| 1968 | 1.03 billion current US$ | +7.9% |
| 1969 | 1.06 billion current US$ | +2.4% |
| 1970 | 1.11 billion current US$ | +5.3% |
| 1971 | 1.20 billion current US$ | +7.9% |
| 1972 | 1.34 billion current US$ | +11.8% |
| 1973 | 1.65 billion current US$ | +23.2% |
| 1974 | 1.92 billion current US$ | +16.0% |
| 1975 | 2.28 billion current US$ | +19.1% |
| 1976 | 2.18 billion current US$ | -4.4% |
| 1977 | 2.36 billion current US$ | +8.1% |
| 1978 | 2.67 billion current US$ | +13.2% |
| 1979 | 3.46 billion current US$ | +29.7% |
| 1980 | 5.20 billion current US$ | +50.2% |
| 1981 | 4.76 billion current US$ | -8.5% |
| 1982 | 4.78 billion current US$ | +0.5% |
| 1983 | 4.69 billion current US$ | -2.1% |
| 1984 | 3.91 billion current US$ | -16.7% |
| 1985 | 3.80 billion current US$ | -2.6% |
| 1986 | 4.35 billion current US$ | +14.3% |
| 1987 | 3.21 billion current US$ | -26.1% |
| 1988 | 3.19 billion current US$ | -0.7% |
| 1989 | 3.18 billion current US$ | -0.4% |
| 1990 | 3.93 billion current US$ | +23.8% |
| 1991 | 3.25 billion current US$ | -17.2% |
| 1992 | 3.71 billion current US$ | +14.1% |
| 1993 | 4.06 billion current US$ | +9.4% |
| 1994 | 3.52 billion current US$ | -13.3% |
| 1995 | 3.84 billion current US$ | +9.0% |
| 1996 | 4.93 billion current US$ | +28.5% |
| 1997 | 4.26 billion current US$ | -13.6% |
| 1998 | 4.40 billion current US$ | +3.3% |
| 1999 | 4.28 billion current US$ | -2.8% |
| 2000 | 4.63 billion current US$ | +8.2% |
| 2001 | 5.44 billion current US$ | +17.5% |
| 2002 | 5.35 billion current US$ | -1.6% |
| 2003 | 6.37 billion current US$ | +19.1% |
| 2004 | 5.06 billion current US$ | -20.5% |
| 2005 | 5.86 billion current US$ | +15.7% |
| 2006 | 6.40 billion current US$ | +9.2% |
| 2007 | 8.52 billion current US$ | +33.3% |
| 2008 | 10.73 billion current US$ | +25.8% |
| 2009 | 9.62 billion current US$ | -10.3% |
| 2010 | 9.98 billion current US$ | +3.8% |
| 2011 | 11.55 billion current US$ | +15.7% |
| 2012 | 11.58 billion current US$ | +0.2% |
| 2013 | 12.42 billion current US$ | +7.3% |
| 2014 | 12.52 billion current US$ | +0.8% |
| 2015 | 11.32 billion current US$ | -9.6% |
| 2016 | 11.85 billion current US$ | +4.6% |
| 2017 | 13.18 billion current US$ | +11.2% |
| 2018 | 13.76 billion current US$ | +4.4% |
| 2019 | 14.10 billion current US$ | +2.5% |
| 2020 | 13.05 billion current US$ | -7.5% |
| 2021 | 14.35 billion current US$ | +10.0% |
| 2022 | 15.34 billion current US$ | +6.9% |
| 2023 | 16.04 billion current US$ | +4.5% |
| 2024 | 17.59 billion current US$ | +9.7% |
| 2025 | 19.62 billion current US$ | +11.5% |
Madagascar compared with similar countries
- Madagascar's 19.62 billion current US$ is above the median for low income countries, which is 18.70 billion current US$, 1.0× the median. (24 countries reporting)
- Madagascar's 19.62 billion current US$ is below the median for Sub-Saharan Africa, which is 19.77 billion current US$, 99% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 845.17 million current US$ | 673.08 million current US$ | 1.06 billion current US$ | 10 |
| 1970s | 2.02 billion current US$ | 1.11 billion current US$ | 3.46 billion current US$ | 10 |
| 1980s | 4.11 billion current US$ | 3.18 billion current US$ | 5.20 billion current US$ | 10 |
| 1990s | 4.02 billion current US$ | 3.25 billion current US$ | 4.93 billion current US$ | 10 |
| 2000s | 6.80 billion current US$ | 4.63 billion current US$ | 10.73 billion current US$ | 10 |
| 2010s | 12.23 billion current US$ | 9.98 billion current US$ | 14.10 billion current US$ | 10 |
| 2020s | 16.00 billion current US$ | 13.05 billion current US$ | 19.62 billion current US$ | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is gdp in Madagascar?
- Gdp in Madagascar was 19.62 billion current US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Madagascar?
- The highest recorded value was 19.62 billion current US$ in 2025.
- What is the lowest gdp recorded in Madagascar?
- The lowest recorded value was 673.08 million current US$ in 1960.
- How does Madagascar rank for gdp?
- Madagascar ranks 137th out of 214 countries with data for 2025.
- Is gdp rising or falling in Madagascar?
- Over the last ten years it is up 73.3%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.