Gross domestic product (GDP) in Madagascar
Madagascar: Gross domestic product (GDP) was 50.09 billion international-$ in 2021 prices in 2023. ◆ Volatile
Gross domestic product (GDP) in Madagascar, 1960–2023
Source: Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gross domestic product (gdp) in Madagascar is 50.09 billion international-$ in 2021 prices, measured in 2023. That is the highest value across all 64 years on record.
The figure is up 3.7% on the previous year and up 15.4% over ten years.
Over the whole period, gross domestic product (gdp) in Madagascar peaked at 50.09 billion international-$ in 2021 prices in 2023 and was at its lowest, 9.51 billion international-$ in 2021 prices, in 1960.
Madagascar ranks 120th of 184 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.91 billion international-$ in 2021 prices | 9.51 billion international-$ in 2021 prices | 12.90 billion international-$ in 2021 prices | 10 |
| 1970s | 13.84 billion international-$ in 2021 prices | 13.48 billion international-$ in 2021 prices | 14.72 billion international-$ in 2021 prices | 10 |
| 1980s | 16.58 billion international-$ in 2021 prices | 14.47 billion international-$ in 2021 prices | 19.95 billion international-$ in 2021 prices | 10 |
| 1990s | 18.16 billion international-$ in 2021 prices | 16.48 billion international-$ in 2021 prices | 21.28 billion international-$ in 2021 prices | 10 |
| 2000s | 27.90 billion international-$ in 2021 prices | 21.70 billion international-$ in 2021 prices | 35.37 billion international-$ in 2021 prices | 10 |
| 2010s | 44.29 billion international-$ in 2021 prices | 39.14 billion international-$ in 2021 prices | 48.18 billion international-$ in 2021 prices | 10 |
| 2020s | 47.55 billion international-$ in 2021 prices | 44.75 billion international-$ in 2021 prices | 50.09 billion international-$ in 2021 prices | 4 |
Countries ranked near Madagascar
- 117 Zimbabwe 50.54 billion international-$ in 2021 prices compare
- 118 Tajikistan 50.32 billion international-$ in 2021 prices compare
- 119 Niger 50.20 billion international-$ in 2021 prices compare
- 121 Nicaragua 50.06 billion international-$ in 2021 prices compare
- 122 Gabon 49.00 billion international-$ in 2021 prices compare
- 123 Benin 49.00 billion international-$ in 2021 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 50.09 billion international-$ in 2021 prices in 2023, according to Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Madagascar?
- The highest recorded value was 50.09 billion international-$ in 2021 prices in 2023.
- What is the lowest gross domestic product (gdp) recorded in Madagascar?
- The lowest recorded value was 9.51 billion international-$ in 2021 prices in 1960.
- How does Madagascar rank for gross domestic product (gdp)?
- Madagascar ranks 120th out of 184 countries with data for 2023.
- Is gross domestic product (gdp) rising or falling in Madagascar?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Feenstra et al. - Penn World Table (2025) – 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.