Gross capital formation in Madagascar
Madagascar: Gross capital formation was 9.3% in 2025. ◆ Volatile
Gross capital formation in Madagascar, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
In 2025, gross capital formation in Madagascar stood at 9.3%.
That represents a change of down 70.0% on the previous year and down 42.2% over ten years.
Over the whole period, gross capital formation in Madagascar peaked at 73.5% in 1979 and was at its lowest, -36.4%, in 2002.
Madagascar ranks 47th of 168 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 capital formation in Madagascar, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1961 | -13.3% | — |
| 1962 | -13.8% | +3.2% |
| 1963 | 33.3% | -342.2% |
| 1964 | 8.5% | -74.6% |
| 1965 | -9.4% | -211.4% |
| 1966 | 2.9% | -130.5% |
| 1967 | 12.2% | +325.3% |
| 1968 | 22.4% | +83.4% |
| 1969 | 7.4% | -67.1% |
| 1970 | -8.0% | -209.2% |
| 1971 | 18.0% | -323.9% |
| 1972 | -22.9% | -227.1% |
| 1973 | 4.2% | -118.5% |
| 1974 | 6.2% | +47.1% |
| 1975 | -4.1% | -165.5% |
| 1976 | -16.2% | +297.5% |
| 1977 | -6.0% | -62.8% |
| 1978 | 0.7% | -111.2% |
| 1979 | 73.5% | +10784.9% |
| 1980 | -10.1% | -113.7% |
| 1981 | -30.8% | +205.5% |
| 1982 | -27.5% | -10.8% |
| 1983 | -0.5% | -98.1% |
| 1984 | 4.9% | -1009.1% |
| 1985 | 2.4% | -49.7% |
| 1986 | 7.8% | +218.1% |
| 1987 | 14.2% | +82.1% |
| 1988 | 39.3% | +177.7% |
| 1989 | -0.1% | -100.2% |
| 1990 | 16.7% | -24985.1% |
| 1991 | -36.1% | -315.9% |
| 1992 | 9.6% | -126.6% |
| 1993 | 8.5% | -11.3% |
| 1994 | -12.1% | -242.0% |
| 1995 | 2.6% | -121.9% |
| 1996 | 11.6% | +337.1% |
| 1997 | 7.3% | -36.8% |
| 1998 | 17.9% | +144.8% |
| 1999 | 2.9% | -84.0% |
| 2000 | 16.4% | +471.5% |
| 2001 | 23.1% | +41.0% |
| 2002 | -36.4% | -257.6% |
| 2003 | 43.8% | -220.3% |
| 2004 | 27.1% | -38.1% |
| 2005 | -0.1% | -100.2% |
| 2006 | 19.0% | -29380.7% |
| 2007 | 34.8% | +83.6% |
| 2008 | 62.7% | +80.0% |
| 2009 | -13.0% | -120.6% |
| 2010 | -15.6% | +20.2% |
| 2011 | -3.0% | -80.4% |
| 2012 | 2.3% | -176.6% |
| 2013 | -4.3% | -284.3% |
| 2014 | -7.8% | +81.7% |
| 2015 | 16.1% | -306.4% |
| 2016 | 13.8% | -14.4% |
| 2017 | -7.4% | -153.6% |
| 2018 | 43.1% | -681.6% |
| 2019 | 5.7% | -86.7% |
| 2020 | -11.3% | -296.0% |
| 2021 | -6.5% | -42.3% |
| 2022 | 10.7% | -265.4% |
| 2023 | -7.1% | -166.1% |
| 2024 | 31.1% | -537.0% |
| 2025 | 9.3% | -70.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.6% | -13.8% | 33.3% | 9 |
| 1970s | 4.5% | -22.9% | 73.5% | 10 |
| 1980s | -0.0% | -30.8% | 39.3% | 10 |
| 1990s | 2.9% | -36.1% | 17.9% | 10 |
| 2000s | 17.7% | -36.4% | 62.7% | 10 |
| 2010s | 4.3% | -15.6% | 43.1% | 10 |
| 2020s | 4.4% | -11.3% | 31.1% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Gross value added at basic prices (GVA) (current LCU), annual growth 11.63 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 4,187 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 2.51 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 3 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.6902 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 413.62 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 2.99 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 1,123 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 672,982 constant LCU per person (2025)
- GDP (current US$), annual growth rate 11.53 % change on previous year (2025)
Frequently asked questions
- What is gross capital formation in Madagascar?
- Gross capital formation in Madagascar was 9.3% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Madagascar?
- The highest recorded value was 73.5% in 1979.
- What is the lowest gross capital formation recorded in Madagascar?
- The lowest recorded value was -36.4% in 2002.
- How does Madagascar rank for gross capital formation?
- Madagascar ranks 47th out of 168 countries with data for 2025.
- Is gross capital formation rising or falling in Madagascar?
- Over the last ten years it is down 42.2%. 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 Gross capital formation (annual % growth). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.