Gross capital formation (constant LCU) in Madagascar
Madagascar: Gross capital formation (constant LCU) was 10.04 trillion constant LCU in 2025. ◆ Volatile
Latest (2025)
10.04 trillion constant LCU
Change on year
up 9.3%
World rank
23rd
of 170 countries
All-time high
10.04 trillion constant LCU
in 2025
All-time low
681.41 billion constant LCU
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 LCU.
Analysis
Madagascar recorded 10.04 trillion constant LCU for gross capital formation in 2025. That is the highest value across all 66 years on record.
That represents a change of 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 10.04 trillion constant LCU in 2025 and was at its lowest, 681.41 billion constant LCU, in 1962.
That places Madagascar 23rd out of 170 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (constant LCU) in Madagascar, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 911.75 billion constant LCU | — |
| 1961 | 790.18 billion constant LCU | -13.3% |
| 1962 | 681.41 billion constant LCU | -13.8% |
| 1963 | 908.55 billion constant LCU | +33.3% |
| 1964 | 985.33 billion constant LCU | +8.5% |
| 1965 | 892.55 billion constant LCU | -9.4% |
| 1966 | 918.15 billion constant LCU | +2.9% |
| 1967 | 1.03 trillion constant LCU | +12.2% |
| 1968 | 1.26 trillion constant LCU | +22.4% |
| 1969 | 1.35 trillion constant LCU | +7.4% |
| 1970 | 1.24 trillion constant LCU | -8.0% |
| 1971 | 1.47 trillion constant LCU | +18.0% |
| 1972 | 1.13 trillion constant LCU | -22.9% |
| 1973 | 1.18 trillion constant LCU | +4.2% |
| 1974 | 1.25 trillion constant LCU | +6.2% |
| 1975 | 1.20 trillion constant LCU | -4.1% |
| 1976 | 1.01 trillion constant LCU | -16.2% |
| 1977 | 946.94 billion constant LCU | -6.0% |
| 1978 | 953.34 billion constant LCU | +0.7% |
| 1979 | 1.65 trillion constant LCU | +73.5% |
| 1980 | 1.49 trillion constant LCU | -10.1% |
| 1981 | 1.03 trillion constant LCU | -30.8% |
| 1982 | 746.32 billion constant LCU | -27.5% |
| 1983 | 742.34 billion constant LCU | -0.5% |
| 1984 | 778.37 billion constant LCU | +4.9% |
| 1985 | 797.39 billion constant LCU | +2.4% |
| 1986 | 859.38 billion constant LCU | +7.8% |
| 1987 | 981.01 billion constant LCU | +14.2% |
| 1988 | 1.37 trillion constant LCU | +39.3% |
| 1989 | 1.37 trillion constant LCU | -0.1% |
| 1990 | 1.59 trillion constant LCU | +16.7% |
| 1991 | 1.02 trillion constant LCU | -36.1% |
| 1992 | 1.12 trillion constant LCU | +9.6% |
| 1993 | 1.21 trillion constant LCU | +8.5% |
| 1994 | 1.06 trillion constant LCU | -12.1% |
| 1995 | 1.09 trillion constant LCU | +2.6% |
| 1996 | 1.22 trillion constant LCU | +11.6% |
| 1997 | 1.31 trillion constant LCU | +7.3% |
| 1998 | 1.54 trillion constant LCU | +17.9% |
| 1999 | 1.59 trillion constant LCU | +2.9% |
| 2000 | 1.85 trillion constant LCU | +16.4% |
| 2001 | 2.27 trillion constant LCU | +23.1% |
| 2002 | 1.45 trillion constant LCU | -36.4% |
| 2003 | 2.08 trillion constant LCU | +43.8% |
| 2004 | 2.64 trillion constant LCU | +27.1% |
| 2005 | 2.64 trillion constant LCU | -0.1% |
| 2006 | 3.14 trillion constant LCU | +19.0% |
| 2007 | 4.24 trillion constant LCU | +34.8% |
| 2008 | 6.89 trillion constant LCU | +62.7% |
| 2009 | 6.00 trillion constant LCU | -13.0% |
| 2010 | 5.07 trillion constant LCU | -15.6% |
| 2011 | 4.91 trillion constant LCU | -3.0% |
| 2012 | 5.03 trillion constant LCU | +2.3% |
| 2013 | 4.81 trillion constant LCU | -4.3% |
| 2014 | 4.43 trillion constant LCU | -7.8% |
| 2015 | 5.15 trillion constant LCU | +16.1% |
| 2016 | 5.86 trillion constant LCU | +13.8% |
| 2017 | 5.43 trillion constant LCU | -7.4% |
| 2018 | 7.76 trillion constant LCU | +43.1% |
| 2019 | 8.21 trillion constant LCU | +5.7% |
| 2020 | 7.29 trillion constant LCU | -11.3% |
| 2021 | 6.81 trillion constant LCU | -6.5% |
| 2022 | 7.55 trillion constant LCU | +10.7% |
| 2023 | 7.01 trillion constant LCU | -7.1% |
| 2024 | 9.19 trillion constant LCU | +31.1% |
| 2025 | 10.04 trillion constant LCU | +9.3% |
Madagascar compared with similar countries
- Madagascar's 10.04 trillion constant LCU is above the median for low income countries, which is 873.06 billion constant LCU, 11.5× the median. (21 countries reporting)
- Madagascar's 10.04 trillion constant LCU is above the median for Sub-Saharan Africa, which is 762.38 billion constant LCU, 13.2× the median. (44 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 973.17 billion constant LCU | 681.41 billion constant LCU | 1.35 trillion constant LCU | 10 |
| 1970s | 1.20 trillion constant LCU | 946.94 billion constant LCU | 1.65 trillion constant LCU | 10 |
| 1980s | 1.02 trillion constant LCU | 742.34 billion constant LCU | 1.49 trillion constant LCU | 10 |
| 1990s | 1.28 trillion constant LCU | 1.02 trillion constant LCU | 1.59 trillion constant LCU | 10 |
| 2000s | 3.32 trillion constant LCU | 1.45 trillion constant LCU | 6.89 trillion constant LCU | 10 |
| 2010s | 5.67 trillion constant LCU | 4.43 trillion constant LCU | 8.21 trillion constant LCU | 10 |
| 2020s | 7.98 trillion constant LCU | 6.81 trillion constant LCU | 10.04 trillion constant LCU | 6 |
Countries ranked near Madagascar
- 20 Cote d'Ivoire 14.04 trillion constant LCU compare
- 21 Hungary 11.56 trillion constant LCU compare
- 22 Bangladesh 10.53 trillion constant LCU compare
- 24 Costa Rica 9.46 trillion constant LCU compare
- 25 Kazakhstan 7.77 trillion constant LCU compare
- 26 Rwanda 7.64 trillion constant LCU compare
More economy & growth data for Madagascar
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
Frequently asked questions
- What is gross capital formation in Madagascar?
- Gross capital formation in Madagascar was 10.04 trillion constant LCU 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 10.04 trillion constant LCU in 2025.
- What is the lowest gross capital formation recorded in Madagascar?
- The lowest recorded value was 681.41 billion constant LCU in 1962.
- How does Madagascar rank for gross capital formation?
- Madagascar ranks 23rd out of 170 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 LCU). 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 varies by country. This series is expressed in local currency units.