Gross domestic product (GDP) in Madagascar
Madagascar: Gross domestic product (GDP) was 38.60 billion international-$ in 2011 prices in 2022. ▲ Rising
Latest (2022)
38.60 billion international-$ in 2011 prices
Change on year
up 4.2%
World rank
119th
of 166 countries
All-time high
38.60 billion international-$ in 2011 prices
in 2022
All-time low
7.00 billion international-$ in 2011 prices
in 1950
Years of data
73
1950–2022
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 119th of 166 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.
Gross domestic product (GDP) in Madagascar, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 1950 | 7.00 billion international-$ in 2011 prices | — |
| 1951 | 7.26 billion international-$ in 2011 prices | +3.7% |
| 1952 | 7.53 billion international-$ in 2011 prices | +3.7% |
| 1953 | 7.81 billion international-$ in 2011 prices | +3.7% |
| 1954 | 8.09 billion international-$ in 2011 prices | +3.7% |
| 1955 | 8.39 billion international-$ in 2011 prices | +3.7% |
| 1956 | 8.70 billion international-$ in 2011 prices | +3.7% |
| 1957 | 9.02 billion international-$ in 2011 prices | +3.7% |
| 1958 | 9.36 billion international-$ in 2011 prices | +3.7% |
| 1959 | 9.70 billion international-$ in 2011 prices | +3.7% |
| 1960 | 9.83 billion international-$ in 2011 prices | +1.3% |
| 1961 | 10.03 billion international-$ in 2011 prices | +2.1% |
| 1962 | 10.27 billion international-$ in 2011 prices | +2.3% |
| 1963 | 10.17 billion international-$ in 2011 prices | -0.9% |
| 1964 | 10.57 billion international-$ in 2011 prices | +4.0% |
| 1965 | 10.53 billion international-$ in 2011 prices | -0.5% |
| 1966 | 10.74 billion international-$ in 2011 prices | +2.1% |
| 1967 | 11.34 billion international-$ in 2011 prices | +5.5% |
| 1968 | 12.11 billion international-$ in 2011 prices | +6.8% |
| 1969 | 12.57 billion international-$ in 2011 prices | +3.8% |
| 1970 | 13.22 billion international-$ in 2011 prices | +5.2% |
| 1971 | 13.74 billion international-$ in 2011 prices | +4.0% |
| 1972 | 13.57 billion international-$ in 2011 prices | -1.3% |
| 1973 | 13.22 billion international-$ in 2011 prices | -2.5% |
| 1974 | 13.48 billion international-$ in 2011 prices | +1.9% |
| 1975 | 13.65 billion international-$ in 2011 prices | +1.2% |
| 1976 | 13.23 billion international-$ in 2011 prices | -3.1% |
| 1977 | 13.55 billion international-$ in 2011 prices | +2.4% |
| 1978 | 13.19 billion international-$ in 2011 prices | -2.6% |
| 1979 | 14.49 billion international-$ in 2011 prices | +9.8% |
| 1980 | 14.60 billion international-$ in 2011 prices | +0.8% |
| 1981 | 13.34 billion international-$ in 2011 prices | -8.7% |
| 1982 | 13.09 billion international-$ in 2011 prices | -1.9% |
| 1983 | 13.20 billion international-$ in 2011 prices | +0.9% |
| 1984 | 12.71 billion international-$ in 2011 prices | -3.7% |
| 1985 | 13.00 billion international-$ in 2011 prices | +2.2% |
| 1986 | 13.08 billion international-$ in 2011 prices | +0.7% |
| 1987 | 13.38 billion international-$ in 2011 prices | +2.3% |
| 1988 | 13.59 billion international-$ in 2011 prices | +1.5% |
| 1989 | 14.12 billion international-$ in 2011 prices | +3.9% |
| 1990 | 14.68 billion international-$ in 2011 prices | +4.0% |
| 1991 | 13.91 billion international-$ in 2011 prices | -5.2% |
| 1992 | 14.24 billion international-$ in 2011 prices | +2.4% |
| 1993 | 14.70 billion international-$ in 2011 prices | +3.2% |
| 1994 | 14.86 billion international-$ in 2011 prices | +1.1% |
| 1995 | 15.29 billion international-$ in 2011 prices | +2.9% |
| 1996 | 15.79 billion international-$ in 2011 prices | +3.3% |
| 1997 | 16.56 billion international-$ in 2011 prices | +4.9% |
| 1998 | 17.39 billion international-$ in 2011 prices | +5.0% |
| 1999 | 18.42 billion international-$ in 2011 prices | +5.9% |
| 2000 | 19.46 billion international-$ in 2011 prices | +5.7% |
| 2001 | 20.85 billion international-$ in 2011 prices | +7.2% |
| 2002 | 18.47 billion international-$ in 2011 prices | -11.4% |
| 2003 | 20.51 billion international-$ in 2011 prices | +11.0% |
| 2004 | 21.83 billion international-$ in 2011 prices | +6.5% |
| 2005 | 23.13 billion international-$ in 2011 prices | +5.9% |
| 2006 | 24.65 billion international-$ in 2011 prices | +6.6% |
| 2007 | 26.54 billion international-$ in 2011 prices | +7.7% |
| 2008 | 28.76 billion international-$ in 2011 prices | +8.4% |
| 2009 | 27.73 billion international-$ in 2011 prices | -3.6% |
| 2010 | 28.12 billion international-$ in 2011 prices | +1.4% |
| 2011 | 28.84 billion international-$ in 2011 prices | +2.6% |
| 2012 | 29.71 billion international-$ in 2011 prices | +3.0% |
| 2013 | 30.40 billion international-$ in 2011 prices | +2.3% |
| 2014 | 31.41 billion international-$ in 2011 prices | +3.3% |
| 2015 | 32.39 billion international-$ in 2011 prices | +3.1% |
| 2016 | 33.69 billion international-$ in 2011 prices | +4.0% |
| 2017 | 35.01 billion international-$ in 2011 prices | +3.9% |
| 2018 | 36.13 billion international-$ in 2011 prices | +3.2% |
| 2019 | 37.72 billion international-$ in 2011 prices | +4.4% |
| 2020 | 35.03 billion international-$ in 2011 prices | -7.1% |
| 2021 | 37.04 billion international-$ in 2011 prices | +5.7% |
| 2022 | 38.60 billion international-$ in 2011 prices | +4.2% |
Madagascar compared with similar countries
- Madagascar's 38.60 billion international-$ in 2011 prices is above the median for low income countries, which is 30.55 billion international-$ in 2011 prices, 1.3× the median. (21 countries reporting)
- Madagascar's 38.60 billion international-$ in 2011 prices is above the median for Sub-Saharan Africa, which is 26.73 billion international-$ in 2011 prices, 1.4× the median. (44 countries reporting)
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
- 116 Estonia 40.00 billion international-$ in 2011 prices compare
- 117 Armenia 39.72 billion international-$ in 2011 prices compare
- 118 Botswana 39.29 billion international-$ in 2011 prices compare
- 120 Trinidad and Tobago 37.51 billion international-$ in 2011 prices compare
- 121 Burkina Faso 37.32 billion international-$ in 2011 prices compare
- 122 Albania 36.17 billion international-$ in 2011 prices compare
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 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 119th out of 166 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.
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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.