Gross capital formation in Madagascar
Madagascar: Gross capital formation was 24.1% in 2025. ◆ Volatile
Gross capital formation in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2025, gross capital formation in Madagascar stood at 24.1%.
That represents a change of up 2.5% on the previous year and up 51.0% over ten years.
Over the whole period, gross capital formation in Madagascar peaked at 46.6% in 1980 and was at its lowest, 5.0%, in 1962.
That places Madagascar 87th 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 in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1960 | 7.0% | — |
| 1961 | 5.8% | -16.2% |
| 1962 | 5.0% | -13.6% |
| 1963 | 6.8% | +34.0% |
| 1964 | 7.1% | +4.6% |
| 1965 | 6.5% | -8.1% |
| 1966 | 8.5% | +31.3% |
| 1967 | 9.3% | +8.6% |
| 1968 | 10.3% | +11.4% |
| 1969 | 10.8% | +4.5% |
| 1970 | 9.9% | -8.1% |
| 1971 | 11.2% | +13.2% |
| 1972 | 8.8% | -21.4% |
| 1973 | 9.1% | +3.1% |
| 1974 | 8.7% | -4.8% |
| 1975 | 8.1% | -6.0% |
| 1976 | 8.1% | -0.0% |
| 1977 | 8.1% | -0.7% |
| 1978 | 9.6% | +18.7% |
| 1979 | 16.1% | +67.9% |
| 1980 | 46.6% | +189.5% |
| 1981 | 35.7% | -23.4% |
| 1982 | 26.3% | -26.2% |
| 1983 | 26.0% | -1.3% |
| 1984 | 26.8% | +3.2% |
| 1985 | 18.8% | -30.0% |
| 1986 | 20.5% | +9.3% |
| 1987 | 25.0% | +21.9% |
| 1988 | 17.6% | -29.6% |
| 1989 | 40.7% | +131.5% |
| 1990 | 36.0% | -11.7% |
| 1991 | 30.7% | -14.7% |
| 1992 | 36.1% | +17.7% |
| 1993 | 37.9% | +4.9% |
| 1994 | 32.9% | -13.2% |
| 1995 | 8.9% | -73.0% |
| 1996 | 9.5% | +7.4% |
| 1997 | 10.2% | +6.6% |
| 1998 | 12.2% | +20.6% |
| 1999 | 12.3% | +0.4% |
| 2000 | 11.9% | -3.0% |
| 2001 | 14.5% | +21.6% |
| 2002 | 11.0% | -24.4% |
| 2003 | 13.7% | +25.1% |
| 2004 | 21.2% | +54.1% |
| 2005 | 19.3% | -8.6% |
| 2006 | 20.3% | +5.1% |
| 2007 | 26.5% | +30.6% |
| 2008 | 38.7% | +46.1% |
| 2009 | 37.2% | -3.9% |
| 2010 | 27.0% | -27.4% |
| 2011 | 23.4% | -13.6% |
| 2012 | 20.2% | -13.6% |
| 2013 | 16.5% | -18.1% |
| 2014 | 16.5% | -0.1% |
| 2015 | 16.0% | -3.0% |
| 2016 | 16.4% | +2.3% |
| 2017 | 15.8% | -3.4% |
| 2018 | 20.7% | +31.0% |
| 2019 | 22.7% | +9.6% |
| 2020 | 17.7% | -21.9% |
| 2021 | 16.4% | -7.5% |
| 2022 | 20.6% | +25.8% |
| 2023 | 21.4% | +3.9% |
| 2024 | 23.6% | +10.0% |
| 2025 | 24.1% | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.7% | 5.0% | 10.8% | 10 |
| 1970s | 9.8% | 8.1% | 16.1% | 10 |
| 1980s | 28.4% | 17.6% | 46.6% | 10 |
| 1990s | 22.7% | 8.9% | 37.9% | 10 |
| 2000s | 21.4% | 11.0% | 38.7% | 10 |
| 2010s | 19.5% | 15.8% | 27.0% | 10 |
| 2020s | 20.6% | 16.4% | 24.1% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Manufacturing, value added (current US$), per unit of GDP 0.1312 current US$ per US$ of GDP (2024)
- Manufacturing, value added (current US$), per capita 72.21 current US$ per person (2024)
- Manufacturing, value added (current LCU), per unit of GDP 593.75 current LCU per US$ of GDP (2024)
- Manufacturing, value added (current LCU), per capita 326,786 current LCU per person (2024)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.079 constant 2015 US$ per US$ of GDP (2024)
- Manufacturing, value added (constant 2015 US$), per capita 43.45 constant 2015 US$ per person (2024)
- Manufacturing, value added (constant LCU), per capita 66,816 constant LCU per person (2024)
- Industry (including construction), value added (current US$), annual 16.31 % change on previous year (2025)
- Industry (including construction), value added (current US$), per 0.239 current US$ per US$ of GDP (2025)
- Industry (including construction), value added (current US$), per 143.24 current US$ per person (2025)
Frequently asked questions
- What is gross capital formation in Madagascar?
- Gross capital formation in Madagascar was 24.1% 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 46.6% in 1980.
- What is the lowest gross capital formation recorded in Madagascar?
- The lowest recorded value was 5.0% in 1962.
- How does Madagascar rank for gross capital formation?
- Madagascar ranks 87th 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 51.0%. 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.