Goods imports in Madagascar
Madagascar: Goods imports was 4.16 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
4.16 billion BoP, current US$
Change on year
up 2.9%
World rank
144th
of 200 countries
All-time high
4.52 billion BoP, current US$
in 2022
All-time low
238.34 million BoP, current US$
in 1974
Years of data
51
1974–2024
Goods imports in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for goods imports in Madagascar is 4.16 billion BoP, current US$, measured in 2024.
The figure is up 2.9% on the previous year and up 51.9% over ten years.
Over the whole period, goods imports in Madagascar peaked at 4.52 billion BoP, current US$ in 2022 and was at its lowest, 238.34 million BoP, current US$, in 1974.
Madagascar ranks 144th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Goods imports in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 238.34 million BoP, current US$ | — |
| 1975 | 331.81 million BoP, current US$ | +39.2% |
| 1976 | 261.77 million BoP, current US$ | -21.1% |
| 1977 | 311.75 million BoP, current US$ | +19.1% |
| 1978 | 404.25 million BoP, current US$ | +29.7% |
| 1979 | 662.42 million BoP, current US$ | +63.9% |
| 1980 | 764.44 million BoP, current US$ | +15.4% |
| 1981 | 510.80 million BoP, current US$ | -33.2% |
| 1982 | 451.54 million BoP, current US$ | -11.6% |
| 1983 | 378.26 million BoP, current US$ | -16.2% |
| 1984 | 360.12 million BoP, current US$ | -4.8% |
| 1985 | 335.75 million BoP, current US$ | -6.8% |
| 1986 | 331.08 million BoP, current US$ | -1.4% |
| 1987 | 315.25 million BoP, current US$ | -4.8% |
| 1988 | 318.64 million BoP, current US$ | +1.1% |
| 1989 | 319.92 million BoP, current US$ | +0.4% |
| 1990 | 566.44 million BoP, current US$ | +77.1% |
| 1991 | 430.19 million BoP, current US$ | -24.1% |
| 1992 | 444.58 million BoP, current US$ | +3.3% |
| 1993 | 464.84 million BoP, current US$ | +4.6% |
| 1994 | 491.36 million BoP, current US$ | +5.7% |
| 1995 | 528.29 million BoP, current US$ | +7.5% |
| 1996 | 566.06 million BoP, current US$ | +7.1% |
| 1997 | 546.09 million BoP, current US$ | -3.5% |
| 1998 | 535.39 million BoP, current US$ | -2.0% |
| 1999 | 562.22 million BoP, current US$ | +5.0% |
| 2000 | 632.67 million BoP, current US$ | +12.5% |
| 2001 | 691.24 million BoP, current US$ | +9.3% |
| 2002 | 896.43 million BoP, current US$ | +29.7% |
| 2003 | 748.15 million BoP, current US$ | -16.5% |
| 2004 | 929.32 million BoP, current US$ | +24.2% |
| 2005 | 1.45 billion BoP, current US$ | +55.9% |
| 2006 | 1.53 billion BoP, current US$ | +5.8% |
| 2007 | 2.24 billion BoP, current US$ | +46.3% |
| 2008 | 3.21 billion BoP, current US$ | +43.2% |
| 2009 | 2.70 billion BoP, current US$ | -15.9% |
| 2010 | 2.20 billion BoP, current US$ | -18.8% |
| 2011 | 2.47 billion BoP, current US$ | +12.5% |
| 2012 | 2.63 billion BoP, current US$ | +6.5% |
| 2013 | 2.77 billion BoP, current US$ | +5.2% |
| 2014 | 2.74 billion BoP, current US$ | -0.9% |
| 2015 | 2.38 billion BoP, current US$ | -13.3% |
| 2016 | 2.43 billion BoP, current US$ | +2.2% |
| 2017 | 3.25 billion BoP, current US$ | +34.1% |
| 2018 | 3.49 billion BoP, current US$ | +7.3% |
| 2019 | 3.46 billion BoP, current US$ | -1.1% |
| 2020 | 2.85 billion BoP, current US$ | -17.6% |
| 2021 | 3.68 billion BoP, current US$ | +29.1% |
| 2022 | 4.52 billion BoP, current US$ | +22.8% |
| 2023 | 4.04 billion BoP, current US$ | -10.5% |
| 2024 | 4.16 billion BoP, current US$ | +2.9% |
Madagascar compared with similar countries
- Madagascar's 4.16 billion BoP, current US$ is above the median for low income countries, which is 4.16 billion BoP, current US$, 1.0× the median. (23 countries reporting)
- Madagascar's 4.16 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is 4.65 billion BoP, current US$, 90% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 368.39 million BoP, current US$ | 238.34 million BoP, current US$ | 662.42 million BoP, current US$ | 6 |
| 1980s | 408.58 million BoP, current US$ | 315.25 million BoP, current US$ | 764.44 million BoP, current US$ | 10 |
| 1990s | 513.55 million BoP, current US$ | 430.19 million BoP, current US$ | 566.44 million BoP, current US$ | 10 |
| 2000s | 1.50 billion BoP, current US$ | 632.67 million BoP, current US$ | 3.21 billion BoP, current US$ | 10 |
| 2010s | 2.78 billion BoP, current US$ | 2.20 billion BoP, current US$ | 3.49 billion BoP, current US$ | 10 |
| 2020s | 3.85 billion BoP, current US$ | 2.85 billion BoP, current US$ | 4.52 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 141 Bahamas 4.60 billion BoP, current US$ compare
- 142 Mauritania 4.32 billion BoP, current US$ compare
- 143 Haiti 4.27 billion BoP, current US$ compare
- 145 Djibouti 4.04 billion BoP, current US$ compare
- 146 Maldives 3.46 billion BoP, current US$ compare
- 147 Gabon 3.17 billion BoP, current US$ 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 goods imports in Madagascar?
- Goods imports in Madagascar was 4.16 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods imports recorded in Madagascar?
- The highest recorded value was 4.52 billion BoP, current US$ in 2022.
- What is the lowest goods imports recorded in Madagascar?
- The lowest recorded value was 238.34 million BoP, current US$ in 1974.
- How does Madagascar rank for goods imports?
- Madagascar ranks 144th out of 200 countries with data for 2024.
- Is goods imports rising or falling in Madagascar?
- Over the last ten years it is up 51.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Goods imports (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Imports of goods occur when there are changes in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.