Gross capital formation in Madagascar
Madagascar: Gross capital formation was 21.46 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
21.46 trillion current LCU
Change on year
up 14.5%
World rank
25th
of 187 countries
All-time high
21.46 trillion current LCU
in 2025
All-time low
1.84 billion current 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 current LCU.
Analysis
The most recent figure for gross capital formation in Madagascar is 21.46 trillion current LCU, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 14.5% on the previous year and up 304.0% over ten years.
Over the whole period, gross capital formation in Madagascar peaked at 21.46 trillion current LCU in 2025 and was at its lowest, 1.84 billion current LCU, in 1962.
Madagascar ranks 25th of 187 countries on this measure, in the top 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 | current LCU | Change |
|---|---|---|
| 1960 | 2.31 billion current LCU | — |
| 1961 | 2.01 billion current LCU | -12.9% |
| 1962 | 1.84 billion current LCU | -8.6% |
| 1963 | 2.53 billion current LCU | +37.6% |
| 1964 | 2.80 billion current LCU | +10.6% |
| 1965 | 2.68 billion current LCU | -4.5% |
| 1966 | 3.79 billion current LCU | +41.8% |
| 1967 | 4.37 billion current LCU | +15.4% |
| 1968 | 5.26 billion current LCU | +20.1% |
| 1969 | 5.92 billion current LCU | +12.6% |
| 1970 | 6.12 billion current LCU | +3.5% |
| 1971 | 7.46 billion current LCU | +21.9% |
| 1972 | 5.96 billion current LCU | -20.0% |
| 1973 | 6.70 billion current LCU | +12.4% |
| 1974 | 7.99 billion current LCU | +19.2% |
| 1975 | 7.96 billion current LCU | -0.4% |
| 1976 | 8.48 billion current LCU | +6.5% |
| 1977 | 9.36 billion current LCU | +10.4% |
| 1978 | 11.55 billion current LCU | +23.4% |
| 1979 | 23.72 billion current LCU | +105.3% |
| 1980 | 102.41 billion current LCU | +331.8% |
| 1981 | 92.31 billion current LCU | -9.9% |
| 1982 | 88.19 billion current LCU | -4.5% |
| 1983 | 104.89 billion current LCU | +18.9% |
| 1984 | 120.82 billion current LCU | +15.2% |
| 1985 | 94.54 billion current LCU | -21.8% |
| 1986 | 120.60 billion current LCU | +27.6% |
| 1987 | 171.77 billion current LCU | +42.4% |
| 1988 | 157.98 billion current LCU | -8.0% |
| 1989 | 414.98 billion current LCU | +162.7% |
| 1990 | 422.49 billion current LCU | +1.8% |
| 1991 | 366.48 billion current LCU | -13.3% |
| 1992 | 499.87 billion current LCU | +36.4% |
| 1993 | 589.05 billion current LCU | +17.8% |
| 1994 | 710.31 billion current LCU | +20.6% |
| 1995 | 290.47 billion current LCU | -59.1% |
| 1996 | 381.61 billion current LCU | +31.4% |
| 1997 | 440.64 billion current LCU | +15.5% |
| 1998 | 586.68 billion current LCU | +33.1% |
| 1999 | 660.92 billion current LCU | +12.7% |
| 2000 | 747.53 billion current LCU | +13.1% |
| 2001 | 1.04 trillion current LCU | +39.1% |
| 2002 | 802.20 billion current LCU | -22.8% |
| 2003 | 1.08 trillion current LCU | +35.0% |
| 2004 | 2.00 trillion current LCU | +84.9% |
| 2005 | 2.27 trillion current LCU | +13.3% |
| 2006 | 2.78 trillion current LCU | +22.7% |
| 2007 | 4.24 trillion current LCU | +52.2% |
| 2008 | 7.10 trillion current LCU | +67.6% |
| 2009 | 7.00 trillion current LCU | -1.4% |
| 2010 | 5.64 trillion current LCU | -19.5% |
| 2011 | 5.46 trillion current LCU | -3.1% |
| 2012 | 5.13 trillion current LCU | -6.2% |
| 2013 | 4.53 trillion current LCU | -11.7% |
| 2014 | 4.99 trillion current LCU | +10.1% |
| 2015 | 5.31 trillion current LCU | +6.5% |
| 2016 | 6.16 trillion current LCU | +16.0% |
| 2017 | 6.49 trillion current LCU | +5.4% |
| 2018 | 9.50 trillion current LCU | +46.4% |
| 2019 | 11.58 trillion current LCU | +21.9% |
| 2020 | 8.76 trillion current LCU | -24.4% |
| 2021 | 9.01 trillion current LCU | +2.9% |
| 2022 | 12.96 trillion current LCU | +43.8% |
| 2023 | 15.21 trillion current LCU | +17.4% |
| 2024 | 18.75 trillion current LCU | +23.3% |
| 2025 | 21.46 trillion current LCU | +14.5% |
Madagascar compared with similar countries
- Madagascar's 21.46 trillion current LCU is above the median for low income countries, which is 1.76 trillion current LCU, 12.2× the median. (22 countries reporting)
- Madagascar's 21.46 trillion current LCU is above the median for Sub-Saharan Africa, which is 1.06 trillion current LCU, 20.2× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +331.8% | 23.72 billion current LCU | 102.41 billion current LCU |
| 1989 | +162.7% | 157.98 billion current LCU | 414.98 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 3.35 billion current LCU | 1.84 billion current LCU | 5.92 billion current LCU | 10 |
| 1970s | 9.53 billion current LCU | 5.96 billion current LCU | 23.72 billion current LCU | 10 |
| 1980s | 146.85 billion current LCU | 88.19 billion current LCU | 414.98 billion current LCU | 10 |
| 1990s | 494.85 billion current LCU | 290.47 billion current LCU | 710.31 billion current LCU | 10 |
| 2000s | 2.91 trillion current LCU | 747.53 billion current LCU | 7.10 trillion current LCU | 10 |
| 2010s | 6.48 trillion current LCU | 4.53 trillion current LCU | 11.58 trillion current LCU | 10 |
| 2020s | 14.36 trillion current LCU | 8.76 trillion current LCU | 21.46 trillion current LCU | 6 |
Countries ranked near Madagascar
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 21.46 trillion current 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 21.46 trillion current LCU in 2025.
- What is the lowest gross capital formation recorded in Madagascar?
- The lowest recorded value was 1.84 billion current LCU in 1962.
- How does Madagascar rank for gross capital formation?
- Madagascar ranks 25th out of 187 countries with data for 2025.
- Is gross capital formation rising or falling in Madagascar?
- Over the last ten years it is up 304.0%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.