Gross domestic product (GDP) in Madagascar
Madagascar: Gross domestic product (GDP) was 54.63 billion international-$ in 2021 prices in 2025. ▲ Rising
Latest (2025)
54.63 billion international-$ in 2021 prices
Change on year
up 3.0%
World rank
122nd
of 198 countries
All-time high
54.63 billion international-$ in 2021 prices
in 2025
All-time low
22.23 billion international-$ in 2021 prices
in 1991
Years of data
36
1990–2025
Gross domestic product (GDP) in Madagascar, 1990–2025
Source: Eurostat, OECD, IMF, and World Bank (2026) – with minor 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 54.63 billion international-$ in 2021 prices, measured in 2025. That is the highest value across all 36 years on record.
The figure is up 3.0% on the previous year and up 32.0% over ten years.
Over the whole period, gross domestic product (gdp) in Madagascar peaked at 54.63 billion international-$ in 2021 prices in 2025 and was at its lowest, 22.23 billion international-$ in 2021 prices, in 1991.
Madagascar ranks 122nd of 198 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Gross domestic product (GDP) in Madagascar, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1990 | 23.73 billion international-$ in 2021 prices | — |
| 1991 | 22.23 billion international-$ in 2021 prices | -6.3% |
| 1992 | 22.49 billion international-$ in 2021 prices | +1.2% |
| 1993 | 22.97 billion international-$ in 2021 prices | +2.1% |
| 1994 | 22.96 billion international-$ in 2021 prices | -0.0% |
| 1995 | 23.34 billion international-$ in 2021 prices | +1.7% |
| 1996 | 23.85 billion international-$ in 2021 prices | +2.2% |
| 1997 | 24.73 billion international-$ in 2021 prices | +3.7% |
| 1998 | 25.70 billion international-$ in 2021 prices | +3.9% |
| 1999 | 26.90 billion international-$ in 2021 prices | +4.7% |
| 2000 | 28.10 billion international-$ in 2021 prices | +4.5% |
| 2001 | 29.78 billion international-$ in 2021 prices | +6.0% |
| 2002 | 26.09 billion international-$ in 2021 prices | -12.4% |
| 2003 | 28.64 billion international-$ in 2021 prices | +9.8% |
| 2004 | 30.14 billion international-$ in 2021 prices | +5.3% |
| 2005 | 31.58 billion international-$ in 2021 prices | +4.8% |
| 2006 | 33.28 billion international-$ in 2021 prices | +5.4% |
| 2007 | 35.18 billion international-$ in 2021 prices | +5.7% |
| 2008 | 37.55 billion international-$ in 2021 prices | +6.7% |
| 2009 | 36.05 billion international-$ in 2021 prices | -4.0% |
| 2010 | 36.28 billion international-$ in 2021 prices | +0.6% |
| 2011 | 36.85 billion international-$ in 2021 prices | +1.6% |
| 2012 | 37.96 billion international-$ in 2021 prices | +3.0% |
| 2013 | 38.83 billion international-$ in 2021 prices | +2.3% |
| 2014 | 40.13 billion international-$ in 2021 prices | +3.3% |
| 2015 | 41.38 billion international-$ in 2021 prices | +3.1% |
| 2016 | 43.04 billion international-$ in 2021 prices | +4.0% |
| 2017 | 44.73 billion international-$ in 2021 prices | +3.9% |
| 2018 | 46.16 billion international-$ in 2021 prices | +3.2% |
| 2019 | 48.19 billion international-$ in 2021 prices | +4.4% |
| 2020 | 44.75 billion international-$ in 2021 prices | -7.1% |
| 2021 | 46.84 billion international-$ in 2021 prices | +4.7% |
| 2022 | 48.77 billion international-$ in 2021 prices | +4.1% |
| 2023 | 50.84 billion international-$ in 2021 prices | +4.2% |
| 2024 | 53.03 billion international-$ in 2021 prices | +4.3% |
| 2025 | 54.63 billion international-$ in 2021 prices | +3.0% |
Madagascar compared with similar countries
- Madagascar's 54.63 billion international-$ in 2021 prices is above the median for low income countries, which is 51.94 billion international-$ in 2021 prices, 1.1× the median. (21 countries reporting)
- Madagascar's 54.63 billion international-$ in 2021 prices is above the median for Sub-Saharan Africa, which is 51.77 billion international-$ in 2021 prices, 1.1× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 23.89 billion international-$ in 2021 prices | 22.23 billion international-$ in 2021 prices | 26.90 billion international-$ in 2021 prices | 10 |
| 2000s | 31.64 billion international-$ in 2021 prices | 26.09 billion international-$ in 2021 prices | 37.55 billion international-$ in 2021 prices | 10 |
| 2010s | 41.35 billion international-$ in 2021 prices | 36.28 billion international-$ in 2021 prices | 48.19 billion international-$ in 2021 prices | 10 |
| 2020s | 49.81 billion international-$ in 2021 prices | 44.75 billion international-$ in 2021 prices | 54.63 billion international-$ in 2021 prices | 6 |
Countries ranked near Madagascar
- 119 Kyrgyzstan 57.85 billion international-$ in 2021 prices compare
- 120 Estonia 56.85 billion international-$ in 2021 prices compare
- 121 Nicaragua 55.59 billion international-$ in 2021 prices compare
- 123 Tajikistan 54.60 billion international-$ in 2021 prices compare
- 124 Albania 53.39 billion international-$ in 2021 prices compare
- 125 Cyprus 53.38 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 54.63 billion international-$ in 2021 prices in 2025, according to Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data.
- What is the highest gross domestic product (gdp) recorded in Madagascar?
- The highest recorded value was 54.63 billion international-$ in 2021 prices in 2025.
- What is the lowest gross domestic product (gdp) recorded in Madagascar?
- The lowest recorded value was 22.23 billion international-$ in 2021 prices in 1991.
- How does Madagascar rank for gross domestic product (gdp)?
- Madagascar ranks 122nd out of 198 countries with data for 2025.
- Is gross domestic product (gdp) 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 Eurostat, OECD, IMF, and World Bank (2026) – with minor 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.