Gross capital formation in Madagascar
Madagascar: Gross capital formation was 3.53 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
3.53 billion constant 2015 US$
Change on year
up 9.3%
World rank
124th
of 163 countries
All-time high
3.53 billion constant 2015 US$
in 2025
All-time low
239.61 million constant 2015 US$
in 1962
Years of data
66
1960–2025
Gross capital formation in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2025, gross capital formation in Madagascar stood at 3.53 billion constant 2015 US$. That is the highest value across all 66 years on record.
The figure is up 9.3% on the previous year and up 95.0% over ten years.
Over the whole period, gross capital formation in Madagascar peaked at 3.53 billion constant 2015 US$ in 2025 and was at its lowest, 239.61 million constant 2015 US$, in 1962.
Madagascar ranks 124th of 163 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation in Madagascar, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 320.60 million constant 2015 US$ | — |
| 1961 | 277.85 million constant 2015 US$ | -13.3% |
| 1962 | 239.61 million constant 2015 US$ | -13.8% |
| 1963 | 319.48 million constant 2015 US$ | +33.3% |
| 1964 | 346.47 million constant 2015 US$ | +8.5% |
| 1965 | 313.85 million constant 2015 US$ | -9.4% |
| 1966 | 322.85 million constant 2015 US$ | +2.9% |
| 1967 | 362.22 million constant 2015 US$ | +12.2% |
| 1968 | 443.22 million constant 2015 US$ | +22.4% |
| 1969 | 475.84 million constant 2015 US$ | +7.4% |
| 1970 | 437.59 million constant 2015 US$ | -8.0% |
| 1971 | 516.34 million constant 2015 US$ | +18.0% |
| 1972 | 398.22 million constant 2015 US$ | -22.9% |
| 1973 | 415.09 million constant 2015 US$ | +4.2% |
| 1974 | 440.97 million constant 2015 US$ | +6.2% |
| 1975 | 422.97 million constant 2015 US$ | -4.1% |
| 1976 | 354.35 million constant 2015 US$ | -16.2% |
| 1977 | 332.98 million constant 2015 US$ | -6.0% |
| 1978 | 335.22 million constant 2015 US$ | +0.7% |
| 1979 | 581.58 million constant 2015 US$ | +73.5% |
| 1980 | 522.94 million constant 2015 US$ | -10.1% |
| 1981 | 361.85 million constant 2015 US$ | -30.8% |
| 1982 | 262.43 million constant 2015 US$ | -27.5% |
| 1983 | 261.03 million constant 2015 US$ | -0.5% |
| 1984 | 273.70 million constant 2015 US$ | +4.9% |
| 1985 | 280.39 million constant 2015 US$ | +2.4% |
| 1986 | 302.19 million constant 2015 US$ | +7.8% |
| 1987 | 344.96 million constant 2015 US$ | +14.2% |
| 1988 | 480.52 million constant 2015 US$ | +39.3% |
| 1989 | 480.20 million constant 2015 US$ | -0.1% |
| 1990 | 560.60 million constant 2015 US$ | +16.7% |
| 1991 | 357.99 million constant 2015 US$ | -36.1% |
| 1992 | 392.37 million constant 2015 US$ | +9.6% |
| 1993 | 425.78 million constant 2015 US$ | +8.5% |
| 1994 | 374.29 million constant 2015 US$ | -12.1% |
| 1995 | 384.19 million constant 2015 US$ | +2.6% |
| 1996 | 428.66 million constant 2015 US$ | +11.6% |
| 1997 | 460.01 million constant 2015 US$ | +7.3% |
| 1998 | 542.37 million constant 2015 US$ | +17.9% |
| 1999 | 557.91 million constant 2015 US$ | +2.9% |
| 2000 | 649.24 million constant 2015 US$ | +16.4% |
| 2001 | 799.11 million constant 2015 US$ | +23.1% |
| 2002 | 508.31 million constant 2015 US$ | -36.4% |
| 2003 | 730.92 million constant 2015 US$ | +43.8% |
| 2004 | 929.12 million constant 2015 US$ | +27.1% |
| 2005 | 928.52 million constant 2015 US$ | -0.1% |
| 2006 | 1.10 billion constant 2015 US$ | +19.0% |
| 2007 | 1.49 billion constant 2015 US$ | +34.8% |
| 2008 | 2.42 billion constant 2015 US$ | +62.7% |
| 2009 | 2.11 billion constant 2015 US$ | -13.0% |
| 2010 | 1.78 billion constant 2015 US$ | -15.6% |
| 2011 | 1.73 billion constant 2015 US$ | -3.0% |
| 2012 | 1.77 billion constant 2015 US$ | +2.3% |
| 2013 | 1.69 billion constant 2015 US$ | -4.3% |
| 2014 | 1.56 billion constant 2015 US$ | -7.8% |
| 2015 | 1.81 billion constant 2015 US$ | +16.1% |
| 2016 | 2.06 billion constant 2015 US$ | +13.8% |
| 2017 | 1.91 billion constant 2015 US$ | -7.4% |
| 2018 | 2.73 billion constant 2015 US$ | +43.1% |
| 2019 | 2.89 billion constant 2015 US$ | +5.7% |
| 2020 | 2.56 billion constant 2015 US$ | -11.3% |
| 2021 | 2.40 billion constant 2015 US$ | -6.5% |
| 2022 | 2.65 billion constant 2015 US$ | +10.7% |
| 2023 | 2.46 billion constant 2015 US$ | -7.1% |
| 2024 | 3.23 billion constant 2015 US$ | +31.1% |
| 2025 | 3.53 billion constant 2015 US$ | +9.3% |
Madagascar compared with similar countries
- Madagascar's 3.53 billion constant 2015 US$ is above the median for low income countries, which is 3.53 billion constant 2015 US$, 1.0× the median. (17 countries reporting)
- Madagascar's 3.53 billion constant 2015 US$ is below the median for Sub-Saharan Africa, which is 4.33 billion constant 2015 US$, 82% of the median. (41 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 342.20 million constant 2015 US$ | 239.61 million constant 2015 US$ | 475.84 million constant 2015 US$ | 10 |
| 1970s | 423.53 million constant 2015 US$ | 332.98 million constant 2015 US$ | 581.58 million constant 2015 US$ | 10 |
| 1980s | 357.02 million constant 2015 US$ | 261.03 million constant 2015 US$ | 522.94 million constant 2015 US$ | 10 |
| 1990s | 448.42 million constant 2015 US$ | 357.99 million constant 2015 US$ | 560.60 million constant 2015 US$ | 10 |
| 2000s | 1.17 billion constant 2015 US$ | 508.31 million constant 2015 US$ | 2.42 billion constant 2015 US$ | 10 |
| 2010s | 1.99 billion constant 2015 US$ | 1.56 billion constant 2015 US$ | 2.89 billion constant 2015 US$ | 10 |
| 2020s | 2.81 billion constant 2015 US$ | 2.40 billion constant 2015 US$ | 3.53 billion constant 2015 US$ | 6 |
Countries ranked near Madagascar
- 121 Brunei 3.70 billion constant 2015 US$ compare
- 122 North Macedonia 3.67 billion constant 2015 US$ compare
- 123 Palestine 3.64 billion constant 2015 US$ compare
- 125 Moldova 3.49 billion constant 2015 US$ compare
- 126 Chad 3.25 billion constant 2015 US$ compare
- 127 Venezuela 2.83 billion constant 2015 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 gross capital formation in Madagascar?
- Gross capital formation in Madagascar was 3.53 billion constant 2015 US$ 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 3.53 billion constant 2015 US$ in 2025.
- What is the lowest gross capital formation recorded in Madagascar?
- The lowest recorded value was 239.61 million constant 2015 US$ in 1962.
- How does Madagascar rank for gross capital formation?
- Madagascar ranks 124th out of 163 countries with data for 2025.
- Is gross capital formation rising or falling in Madagascar?
- Over the last ten years it is up 95.0%. 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 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 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 2015. This indicator is expressed in United States dollars.