Gross capital formation (current US$) in Madagascar
Madagascar: Gross capital formation (current US$) was 4.74 billion current US$ in 2025. ◆ Volatile
Gross capital formation in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for gross capital formation in Madagascar is 4.74 billion current US$, measured in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 14.3% on the previous year and up 161.7% over ten years.
Over the whole period, gross capital formation in Madagascar peaked at 4.74 billion current US$ in 2025 and was at its lowest, 37.29 million current US$, in 1962.
That places Madagascar 129th out of 187 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross capital formation (current US$) in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 46.86 million current US$ | — |
| 1961 | 40.80 million current US$ | -12.9% |
| 1962 | 37.29 million current US$ | -8.6% |
| 1963 | 51.32 million current US$ | +37.6% |
| 1964 | 56.74 million current US$ | +10.6% |
| 1965 | 54.19 million current US$ | -4.5% |
| 1966 | 76.82 million current US$ | +41.8% |
| 1967 | 88.61 million current US$ | +15.4% |
| 1968 | 106.46 million current US$ | +20.1% |
| 1969 | 113.92 million current US$ | +7.0% |
| 1970 | 110.22 million current US$ | -3.2% |
| 1971 | 134.58 million current US$ | +22.1% |
| 1972 | 118.33 million current US$ | -12.1% |
| 1973 | 150.38 million current US$ | +27.1% |
| 1974 | 166.06 million current US$ | +10.4% |
| 1975 | 185.78 million current US$ | +11.9% |
| 1976 | 177.49 million current US$ | -4.5% |
| 1977 | 190.56 million current US$ | +7.4% |
| 1978 | 255.94 million current US$ | +34.3% |
| 1979 | 557.42 million current US$ | +117.8% |
| 1980 | 2.42 billion current US$ | +334.8% |
| 1981 | 1.70 billion current US$ | -29.9% |
| 1982 | 1.26 billion current US$ | -25.8% |
| 1983 | 1.22 billion current US$ | -3.4% |
| 1984 | 1.05 billion current US$ | -14.0% |
| 1985 | 713.51 million current US$ | -31.9% |
| 1986 | 891.58 million current US$ | +25.0% |
| 1987 | 803.25 million current US$ | -9.9% |
| 1988 | 561.38 million current US$ | -30.1% |
| 1989 | 1.29 billion current US$ | +130.5% |
| 1990 | 1.41 billion current US$ | +9.3% |
| 1991 | 998.37 million current US$ | -29.4% |
| 1992 | 1.34 billion current US$ | +34.3% |
| 1993 | 1.54 billion current US$ | +14.8% |
| 1994 | 1.16 billion current US$ | -24.8% |
| 1995 | 340.48 million current US$ | -70.6% |
| 1996 | 469.81 million current US$ | +38.0% |
| 1997 | 432.77 million current US$ | -7.9% |
| 1998 | 539.09 million current US$ | +24.6% |
| 1999 | 525.90 million current US$ | -2.4% |
| 2000 | 552.29 million current US$ | +5.0% |
| 2001 | 789.06 million current US$ | +42.9% |
| 2002 | 587.10 million current US$ | -25.6% |
| 2003 | 874.60 million current US$ | +49.0% |
| 2004 | 1.07 billion current US$ | +22.5% |
| 2005 | 1.13 billion current US$ | +5.7% |
| 2006 | 1.30 billion current US$ | +14.7% |
| 2007 | 2.26 billion current US$ | +74.0% |
| 2008 | 4.16 billion current US$ | +83.8% |
| 2009 | 3.58 billion current US$ | -13.9% |
| 2010 | 2.70 billion current US$ | -24.6% |
| 2011 | 2.70 billion current US$ | -0.0% |
| 2012 | 2.34 billion current US$ | -13.4% |
| 2013 | 2.05 billion current US$ | -12.2% |
| 2014 | 2.07 billion current US$ | +0.7% |
| 2015 | 1.81 billion current US$ | -12.3% |
| 2016 | 1.94 billion current US$ | +7.1% |
| 2017 | 2.08 billion current US$ | +7.4% |
| 2018 | 2.85 billion current US$ | +36.8% |
| 2019 | 3.20 billion current US$ | +12.3% |
| 2020 | 2.31 billion current US$ | -27.7% |
| 2021 | 2.35 billion current US$ | +1.8% |
| 2022 | 3.16 billion current US$ | +34.4% |
| 2023 | 3.43 billion current US$ | +8.6% |
| 2024 | 4.14 billion current US$ | +20.7% |
| 2025 | 4.74 billion current US$ | +14.3% |
Madagascar compared with similar countries
- Madagascar's 4.74 billion current US$ is above the median for low income countries, which is 3.35 billion current US$, 1.4× the median. (22 countries reporting)
- Madagascar's 4.74 billion current US$ is below the median for Sub-Saharan Africa, which is 4.76 billion current US$, 100% of the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross capital formation (current US$) 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 | +334.8% | 557.42 million current US$ | 2.42 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 67.30 million current US$ | 37.29 million current US$ | 113.92 million current US$ | 10 |
| 1970s | 204.67 million current US$ | 110.22 million current US$ | 557.42 million current US$ | 10 |
| 1980s | 1.19 billion current US$ | 561.38 million current US$ | 2.42 billion current US$ | 10 |
| 1990s | 875.79 million current US$ | 340.48 million current US$ | 1.54 billion current US$ | 10 |
| 2000s | 1.63 billion current US$ | 552.29 million current US$ | 4.16 billion current US$ | 10 |
| 2010s | 2.37 billion current US$ | 1.81 billion current US$ | 3.20 billion current US$ | 10 |
| 2020s | 3.36 billion current US$ | 2.31 billion current US$ | 4.74 billion current US$ | 6 |
Countries ranked near Madagascar
- 126 Burkina Faso 4.76 billion current US$ compare
- 127 Niger 4.76 billion current US$ compare
- 128 Trinidad and Tobago 4.75 billion current US$ compare
- 130 Tajikistan 4.68 billion current US$ compare
- 131 Laos 4.62 billion current US$ compare
- 132 Palestine 4.39 billion current US$ 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 4.74 billion current 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 4.74 billion current US$ in 2025.
- What is the lowest gross capital formation recorded in Madagascar?
- The lowest recorded value was 37.29 million current US$ in 1962.
- How does Madagascar rank for gross capital formation?
- Madagascar ranks 129th 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 161.7%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.