Gross domestic product (GDP) in Madagascar
Madagascar: Gross domestic product (GDP) was 38.60 billion international-$ in 2011 prices in 2022. ▲ Rising
Gross domestic product (GDP) in Madagascar, 1950–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Madagascar is 38.60 billion international-$ in 2011 prices, measured in 2022. That is the highest value across all 73 years on record.
That represents a change of up 4.2% on the previous year and up 29.9% over ten years.
Over the whole period, gross domestic product (gdp) in Madagascar peaked at 38.60 billion international-$ in 2011 prices in 2022 and was at its lowest, 7.00 billion international-$ in 2011 prices, in 1950.
Madagascar ranks 118th of 165 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 73 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 8.29 billion international-$ in 2011 prices | 7.00 billion international-$ in 2011 prices | 9.70 billion international-$ in 2011 prices | 10 |
| 1960s | 10.82 billion international-$ in 2011 prices | 9.83 billion international-$ in 2011 prices | 12.57 billion international-$ in 2011 prices | 10 |
| 1970s | 13.53 billion international-$ in 2011 prices | 13.19 billion international-$ in 2011 prices | 14.49 billion international-$ in 2011 prices | 10 |
| 1980s | 13.41 billion international-$ in 2011 prices | 12.71 billion international-$ in 2011 prices | 14.60 billion international-$ in 2011 prices | 10 |
| 1990s | 15.59 billion international-$ in 2011 prices | 13.91 billion international-$ in 2011 prices | 18.42 billion international-$ in 2011 prices | 10 |
| 2000s | 23.19 billion international-$ in 2011 prices | 18.47 billion international-$ in 2011 prices | 28.76 billion international-$ in 2011 prices | 10 |
| 2010s | 32.34 billion international-$ in 2011 prices | 28.12 billion international-$ in 2011 prices | 37.72 billion international-$ in 2011 prices | 10 |
| 2020s | 36.89 billion international-$ in 2011 prices | 35.03 billion international-$ in 2011 prices | 38.60 billion international-$ in 2011 prices | 3 |
Countries ranked near Madagascar
- 115 Estonia 40.00 billion international-$ in 2011 prices compare
- 116 Armenia 39.72 billion international-$ in 2011 prices compare
- 117 Botswana 39.29 billion international-$ in 2011 prices compare
- 119 Trinidad and Tobago 37.51 billion international-$ in 2011 prices compare
- 120 Burkina Faso 37.32 billion international-$ in 2011 prices compare
- 121 Albania 36.17 billion international-$ in 2011 prices compare
More economy & growth data for Madagascar
- External balance on goods and services as a percent of GDP -11.6% (2025)
- Inflation of consumer prices 8.1% (2025)
- GDP per capita 456.51 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.1% (2024)
- Gross domestic product (GDP) 14.95 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 456.51 constant 2015 US$ (2025)
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
Frequently asked questions
- What is gross domestic product (gdp) in Madagascar?
- Gross domestic product (gdp) in Madagascar was 38.60 billion international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Madagascar?
- The highest recorded value was 38.60 billion international-$ in 2011 prices in 2022.
- What is the lowest gross domestic product (gdp) recorded in Madagascar?
- The lowest recorded value was 7.00 billion international-$ in 2011 prices in 1950.
- How does Madagascar rank for gross domestic product (gdp)?
- Madagascar ranks 118th out of 165 countries with data for 2022.
- Is gross domestic product (gdp) rising or falling in Madagascar?
- Over the last ten years it is up 29.9%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data, published as part of Gross domestic product (GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 73 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Total economic output of a country or region per year. This data is adjusted for inflation and differences in living costs between countries.