GDP per capita in Madagascar
Madagascar: GDP per capita was 2.71 million current LCU in 2025. ◆ Volatile
GDP per capita in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Madagascar recorded 2.71 million current LCU for gdp per capita in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 9.0% on the previous year and up 107.8% over ten years.
Over the whole period, gdp per capita in Madagascar peaked at 2.71 million current LCU in 2025 and was at its lowest, 6,502 current LCU, in 1960.
Madagascar ranks 32nd of 214 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 6,502 current LCU | — |
| 1961 | 6,580 current LCU | +1.2% |
| 1962 | 6,779 current LCU | +3.0% |
| 1963 | 6,785 current LCU | +0.1% |
| 1964 | 6,988 current LCU | +3.0% |
| 1965 | 7,072 current LCU | +1.2% |
| 1966 | 7,440 current LCU | +5.2% |
| 1967 | 7,695 current LCU | +3.4% |
| 1968 | 8,076 current LCU | +5.0% |
| 1969 | 8,462 current LCU | +4.8% |
| 1970 | 9,256 current LCU | +9.4% |
| 1971 | 9,679 current LCU | +4.6% |
| 1972 | 9,559 current LCU | -1.2% |
| 1973 | 10,111 current LCU | +5.8% |
| 1974 | 12,292 current LCU | +21.6% |
| 1975 | 12,644 current LCU | +2.9% |
| 1976 | 13,072 current LCU | +3.4% |
| 1977 | 14,097 current LCU | +7.8% |
| 1978 | 14,216 current LCU | +0.8% |
| 1979 | 16,864 current LCU | +18.6% |
| 1980 | 24,407 current LCU | +44.7% |
| 1981 | 27,875 current LCU | +14.2% |
| 1982 | 35,018 current LCU | +25.6% |
| 1983 | 40,989 current LCU | +17.0% |
| 1984 | 44,448 current LCU | +8.4% |
| 1985 | 48,290 current LCU | +8.6% |
| 1986 | 54,778 current LCU | +13.4% |
| 1987 | 62,192 current LCU | +13.5% |
| 1988 | 78,947 current LCU | +26.9% |
| 1989 | 87,004 current LCU | +10.2% |
| 1990 | 97,448 current LCU | +12.0% |
| 1991 | 96,182 current LCU | -1.3% |
| 1992 | 108,189 current LCU | +12.5% |
| 1993 | 117,846 current LCU | +8.9% |
| 1994 | 158,719 current LCU | +34.7% |
| 1995 | 233,031 current LCU | +46.8% |
| 1996 | 276,065 current LCU | +18.5% |
| 1997 | 289,541 current LCU | +4.9% |
| 1998 | 309,281 current LCU | +6.8% |
| 1999 | 336,007 current LCU | +8.6% |
| 2000 | 379,362 current LCU | +12.9% |
| 2001 | 420,719 current LCU | +10.9% |
| 2002 | 416,670 current LCU | -1.0% |
| 2003 | 436,659 current LCU | +4.8% |
| 2004 | 508,704 current LCU | +16.5% |
| 2005 | 612,550 current LCU | +20.4% |
| 2006 | 694,420 current LCU | +13.4% |
| 2007 | 786,181 current LCU | +13.2% |
| 2008 | 875,676 current LCU | +11.4% |
| 2009 | 873,084 current LCU | -0.3% |
| 2010 | 940,497 current LCU | +7.7% |
| 2011 | 1.03 million current LCU | +9.0% |
| 2012 | 1.08 million current LCU | +5.7% |
| 2013 | 1.14 million current LCU | +5.0% |
| 2014 | 1.22 million current LCU | +7.4% |
| 2015 | 1.31 million current LCU | +7.0% |
| 2016 | 1.44 million current LCU | +10.4% |
| 2017 | 1.53 million current LCU | +6.3% |
| 2018 | 1.67 million current LCU | +8.9% |
| 2019 | 1.81 million current LCU | +8.4% |
| 2020 | 1.71 million current LCU | -5.6% |
| 2021 | 1.85 million current LCU | +8.4% |
| 2022 | 2.06 million current LCU | +11.5% |
| 2023 | 2.28 million current LCU | +10.3% |
| 2024 | 2.49 million current LCU | +9.4% |
| 2025 | 2.71 million current LCU | +9.0% |
Madagascar compared with similar countries
- Madagascar's 2.71 million current LCU is above the median for low income countries, which is 624,439 current LCU, 4.3× the median. (24 countries reporting)
- Madagascar's 2.71 million current LCU is above the median for Sub-Saharan Africa, which is 625,756 current LCU, 4.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP per capita in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +46.8% | 158,719 current LCU | 233,031 current LCU |
| 1980 | +44.7% | 16,864 current LCU | 24,407 current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7,238 current LCU | 6,502 current LCU | 8,462 current LCU | 10 |
| 1970s | 12,179 current LCU | 9,256 current LCU | 16,864 current LCU | 10 |
| 1980s | 50,395 current LCU | 24,407 current LCU | 87,004 current LCU | 10 |
| 1990s | 202,231 current LCU | 96,182 current LCU | 336,007 current LCU | 10 |
| 2000s | 600,402 current LCU | 379,362 current LCU | 875,676 current LCU | 10 |
| 2010s | 1.32 million current LCU | 940,497 current LCU | 1.81 million current LCU | 10 |
| 2020s | 2.18 million current LCU | 1.71 million current LCU | 2.71 million current LCU | 6 |
Countries ranked near Madagascar
- 29 Angola 3.31 million current LCU compare
- 30 New Caledonia 3.22 million current LCU compare
- 31 Myanmar 3.13 million current LCU compare
- 33 Sudan 2.58 million current LCU compare
- 34 French Polynesia 2.48 million current LCU compare
- 35 Democratic Republic of Congo 2.16 million current LCU 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 gdp per capita in Madagascar?
- Gdp per capita in Madagascar was 2.71 million current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita recorded in Madagascar?
- The highest recorded value was 2.71 million current LCU in 2025.
- What is the lowest gdp per capita recorded in Madagascar?
- The lowest recorded value was 6,502 current LCU in 1960.
- How does Madagascar rank for gdp per capita?
- Madagascar ranks 32nd out of 214 countries with data for 2025.
- Is gdp per capita rising or falling in Madagascar?
- Over the last ten years it is up 107.8%. 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 per capita (current LCU). Statizoid updates them automatically from the source API.
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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. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.