GDP, PPP in Madagascar
Madagascar: GDP, PPP was 54.63 billion constant 2021 international $ in 2025. ▲ Rising
GDP, PPP in Madagascar, 1990–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
In 2025, gdp, ppp in Madagascar stood at 54.63 billion constant 2021 international $. That is the highest value across all 36 years on record.
That represents a change of up 3.0% on the previous year and up 32.0% over ten years.
Over the whole period, gdp, ppp in Madagascar peaked at 54.63 billion constant 2021 international $ in 2025 and was at its lowest, 22.23 billion constant 2021 international $, in 1991.
That places Madagascar 122nd out of 200 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
GDP, PPP in Madagascar, year by year
| Year | constant 2021 international $ | Change |
|---|---|---|
| 1990 | 23.73 billion constant 2021 international $ | — |
| 1991 | 22.23 billion constant 2021 international $ | -6.3% |
| 1992 | 22.49 billion constant 2021 international $ | +1.2% |
| 1993 | 22.97 billion constant 2021 international $ | +2.1% |
| 1994 | 22.96 billion constant 2021 international $ | -0.0% |
| 1995 | 23.34 billion constant 2021 international $ | +1.7% |
| 1996 | 23.85 billion constant 2021 international $ | +2.2% |
| 1997 | 24.73 billion constant 2021 international $ | +3.7% |
| 1998 | 25.70 billion constant 2021 international $ | +3.9% |
| 1999 | 26.90 billion constant 2021 international $ | +4.7% |
| 2000 | 28.10 billion constant 2021 international $ | +4.5% |
| 2001 | 29.78 billion constant 2021 international $ | +6.0% |
| 2002 | 26.09 billion constant 2021 international $ | -12.4% |
| 2003 | 28.64 billion constant 2021 international $ | +9.8% |
| 2004 | 30.14 billion constant 2021 international $ | +5.3% |
| 2005 | 31.58 billion constant 2021 international $ | +4.8% |
| 2006 | 33.28 billion constant 2021 international $ | +5.4% |
| 2007 | 35.18 billion constant 2021 international $ | +5.7% |
| 2008 | 37.55 billion constant 2021 international $ | +6.7% |
| 2009 | 36.05 billion constant 2021 international $ | -4.0% |
| 2010 | 36.28 billion constant 2021 international $ | +0.6% |
| 2011 | 36.85 billion constant 2021 international $ | +1.6% |
| 2012 | 37.96 billion constant 2021 international $ | +3.0% |
| 2013 | 38.83 billion constant 2021 international $ | +2.3% |
| 2014 | 40.13 billion constant 2021 international $ | +3.3% |
| 2015 | 41.38 billion constant 2021 international $ | +3.1% |
| 2016 | 43.04 billion constant 2021 international $ | +4.0% |
| 2017 | 44.73 billion constant 2021 international $ | +3.9% |
| 2018 | 46.16 billion constant 2021 international $ | +3.2% |
| 2019 | 48.19 billion constant 2021 international $ | +4.4% |
| 2020 | 44.75 billion constant 2021 international $ | -7.1% |
| 2021 | 46.84 billion constant 2021 international $ | +4.7% |
| 2022 | 48.77 billion constant 2021 international $ | +4.1% |
| 2023 | 50.84 billion constant 2021 international $ | +4.2% |
| 2024 | 53.03 billion constant 2021 international $ | +4.3% |
| 2025 | 54.63 billion constant 2021 international $ | +3.0% |
Madagascar compared with similar countries
- Madagascar's 54.63 billion constant 2021 international $ is above the median for low income countries, which is 51.94 billion constant 2021 international $, 1.1× the median. (21 countries reporting)
- Madagascar's 54.63 billion constant 2021 international $ is above the median for Sub-Saharan Africa, which is 51.77 billion constant 2021 international $, 1.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.89 billion constant 2021 international $ | 22.23 billion constant 2021 international $ | 26.90 billion constant 2021 international $ | 10 |
| 2000s | 31.64 billion constant 2021 international $ | 26.09 billion constant 2021 international $ | 37.55 billion constant 2021 international $ | 10 |
| 2010s | 41.35 billion constant 2021 international $ | 36.28 billion constant 2021 international $ | 48.19 billion constant 2021 international $ | 10 |
| 2020s | 49.81 billion constant 2021 international $ | 44.75 billion constant 2021 international $ | 54.63 billion constant 2021 international $ | 6 |
Countries ranked near Madagascar
- 119 Kyrgyzstan 57.85 billion constant 2021 international $ compare
- 120 Estonia 56.85 billion constant 2021 international $ compare
- 121 Nicaragua 55.59 billion constant 2021 international $ compare
- 123 Tajikistan 54.60 billion constant 2021 international $ compare
- 124 Albania 53.39 billion constant 2021 international $ compare
- 125 Cyprus 53.38 billion constant 2021 international $ 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, ppp in Madagascar?
- Gdp, ppp in Madagascar was 54.63 billion constant 2021 international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Madagascar?
- The highest recorded value was 54.63 billion constant 2021 international $ in 2025.
- What is the lowest gdp, ppp recorded in Madagascar?
- The lowest recorded value was 22.23 billion constant 2021 international $ in 1991.
- How does Madagascar rank for gdp, ppp?
- Madagascar ranks 122nd out of 200 countries with data for 2025.
- Is gdp, ppp rising or falling in Madagascar?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.