Gross domestic product (GDP) in Madagascar
Madagascar: Gross domestic product (GDP) was 50.09 billion international-$ in 2021 prices in 2023. ◆ Volatile
Latest (2023)
50.09 billion international-$ in 2021 prices
Change on year
up 3.7%
World rank
120th
of 184 countries
All-time high
50.09 billion international-$ in 2021 prices
in 2023
All-time low
9.51 billion international-$ in 2021 prices
in 1960
Years of data
64
1960–2023
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.
Gross domestic product (GDP) in Madagascar, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1960 | 9.51 billion international-$ in 2021 prices | — |
| 1961 | 9.95 billion international-$ in 2021 prices | +4.6% |
| 1962 | 10.41 billion international-$ in 2021 prices | +4.7% |
| 1963 | 10.41 billion international-$ in 2021 prices | -0.0% |
| 1964 | 10.58 billion international-$ in 2021 prices | +1.7% |
| 1965 | 10.46 billion international-$ in 2021 prices | -1.1% |
| 1966 | 10.97 billion international-$ in 2021 prices | +4.9% |
| 1967 | 11.49 billion international-$ in 2021 prices | +4.7% |
| 1968 | 12.43 billion international-$ in 2021 prices | +8.2% |
| 1969 | 12.90 billion international-$ in 2021 prices | +3.8% |
| 1970 | 13.65 billion international-$ in 2021 prices | +5.8% |
| 1971 | 14.23 billion international-$ in 2021 prices | +4.3% |
| 1972 | 13.92 billion international-$ in 2021 prices | -2.2% |
| 1973 | 13.48 billion international-$ in 2021 prices | -3.2% |
| 1974 | 13.51 billion international-$ in 2021 prices | +0.2% |
| 1975 | 13.56 billion international-$ in 2021 prices | +0.4% |
| 1976 | 13.71 billion international-$ in 2021 prices | +1.1% |
| 1977 | 13.94 billion international-$ in 2021 prices | +1.7% |
| 1978 | 13.71 billion international-$ in 2021 prices | -1.7% |
| 1979 | 14.72 billion international-$ in 2021 prices | +7.4% |
| 1980 | 14.95 billion international-$ in 2021 prices | +1.6% |
| 1981 | 14.47 billion international-$ in 2021 prices | -3.2% |
| 1982 | 14.66 billion international-$ in 2021 prices | +1.3% |
| 1983 | 15.39 billion international-$ in 2021 prices | +5.0% |
| 1984 | 15.89 billion international-$ in 2021 prices | +3.2% |
| 1985 | 16.68 billion international-$ in 2021 prices | +5.0% |
| 1986 | 19.95 billion international-$ in 2021 prices | +19.6% |
| 1987 | 18.25 billion international-$ in 2021 prices | -8.5% |
| 1988 | 18.05 billion international-$ in 2021 prices | -1.1% |
| 1989 | 17.47 billion international-$ in 2021 prices | -3.3% |
| 1990 | 18.13 billion international-$ in 2021 prices | +3.8% |
| 1991 | 17.05 billion international-$ in 2021 prices | -6.0% |
| 1992 | 16.48 billion international-$ in 2021 prices | -3.3% |
| 1993 | 16.82 billion international-$ in 2021 prices | +2.1% |
| 1994 | 16.83 billion international-$ in 2021 prices | +0.1% |
| 1995 | 17.42 billion international-$ in 2021 prices | +3.5% |
| 1996 | 18.33 billion international-$ in 2021 prices | +5.2% |
| 1997 | 19.14 billion international-$ in 2021 prices | +4.4% |
| 1998 | 20.17 billion international-$ in 2021 prices | +5.4% |
| 1999 | 21.28 billion international-$ in 2021 prices | +5.5% |
| 2000 | 22.15 billion international-$ in 2021 prices | +4.1% |
| 2001 | 23.49 billion international-$ in 2021 prices | +6.0% |
| 2002 | 21.70 billion international-$ in 2021 prices | -7.6% |
| 2003 | 24.45 billion international-$ in 2021 prices | +12.7% |
| 2004 | 26.68 billion international-$ in 2021 prices | +9.2% |
| 2005 | 28.42 billion international-$ in 2021 prices | +6.5% |
| 2006 | 30.07 billion international-$ in 2021 prices | +5.8% |
| 2007 | 31.37 billion international-$ in 2021 prices | +4.3% |
| 2008 | 35.37 billion international-$ in 2021 prices | +12.7% |
| 2009 | 35.31 billion international-$ in 2021 prices | -0.2% |
| 2010 | 39.14 billion international-$ in 2021 prices | +10.8% |
| 2011 | 42.87 billion international-$ in 2021 prices | +9.5% |
| 2012 | 43.98 billion international-$ in 2021 prices | +2.6% |
| 2013 | 43.40 billion international-$ in 2021 prices | -1.3% |
| 2014 | 43.36 billion international-$ in 2021 prices | -0.1% |
| 2015 | 44.44 billion international-$ in 2021 prices | +2.5% |
| 2016 | 46.59 billion international-$ in 2021 prices | +4.8% |
| 2017 | 46.00 billion international-$ in 2021 prices | -1.3% |
| 2018 | 44.98 billion international-$ in 2021 prices | -2.2% |
| 2019 | 48.18 billion international-$ in 2021 prices | +7.1% |
| 2020 | 44.75 billion international-$ in 2021 prices | -7.1% |
| 2021 | 47.05 billion international-$ in 2021 prices | +5.1% |
| 2022 | 48.31 billion international-$ in 2021 prices | +2.7% |
| 2023 | 50.09 billion international-$ in 2021 prices | +3.7% |
Madagascar compared with similar countries
- Madagascar's 50.09 billion international-$ in 2021 prices is above the median for low income countries, which is 42.81 billion international-$ in 2021 prices, 1.2× the median. (22 countries reporting)
- Madagascar's 50.09 billion international-$ in 2021 prices is above the median for Sub-Saharan Africa, which is 45.59 billion international-$ in 2021 prices, 1.1× the median. (47 countries reporting)
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
- 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 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.
Download this data
CSV · JSON — 64 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.