Gross domestic product (GDP), annual growth rate (Bolt) in Madagascar
Madagascar: Gross domestic product (GDP), annual growth rate (Bolt) was 4.21 % change on previous year in 2022. ◆ Volatile
Latest (2022)
4.21 % change on previous year
Change on year
down 26.7%
World rank
68th
of 166 countries
All-time high
11.02 % change on previous year
in 2003
All-time low
-11.4 % change on previous year
in 2002
Years of data
72
1951–2022
Gross domestic product (GDP), annual growth rate in Madagascar, 1951–2022
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Madagascar recorded 4.21 % change on previous year for gross domestic product (gdp), annual growth rate in 2022.
The figure is down 26.7% on the previous year and up 39.8% over ten years.
Over the whole period, gross domestic product (gdp), annual growth rate in Madagascar peaked at 11.02 % change on previous year in 2003 and was at its lowest, -11.4 % change on previous year, in 2002.
Madagascar ranks 68th of 166 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), annual growth rate (Bolt) in Madagascar, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1951 | 3.72 % change on previous year | — |
| 1952 | 3.65 % change on previous year | -1.7% |
| 1953 | 3.66 % change on previous year | +0.2% |
| 1954 | 3.67 % change on previous year | +0.2% |
| 1955 | 3.68 % change on previous year | +0.3% |
| 1956 | 3.69 % change on previous year | +0.3% |
| 1957 | 3.71 % change on previous year | +0.5% |
| 1958 | 3.72 % change on previous year | +0.4% |
| 1959 | 3.68 % change on previous year | -1.1% |
| 1960 | 1.31 % change on previous year | -64.2% |
| 1961 | 2.09 % change on previous year | +59.0% |
| 1962 | 2.31 % change on previous year | +10.5% |
| 1963 | -0.939 % change on previous year | -140.6% |
| 1964 | 3.98 % change on previous year | -523.4% |
| 1965 | -0.4587 % change on previous year | -111.5% |
| 1966 | 2.08 % change on previous year | -554.0% |
| 1967 | 5.53 % change on previous year | +165.6% |
| 1968 | 6.81 % change on previous year | +23.2% |
| 1969 | 3.79 % change on previous year | -44.4% |
| 1970 | 5.17 % change on previous year | +36.5% |
| 1971 | 3.96 % change on previous year | -23.3% |
| 1972 | -1.27 % change on previous year | -132.0% |
| 1973 | -2.54 % change on previous year | +100.6% |
| 1974 | 1.94 % change on previous year | -176.2% |
| 1975 | 1.24 % change on previous year | -35.9% |
| 1976 | -3.1 % change on previous year | -349.3% |
| 1977 | 2.44 % change on previous year | -178.6% |
| 1978 | -2.63 % change on previous year | -207.9% |
| 1979 | 9.83 % change on previous year | -474.1% |
| 1980 | 0.7772 % change on previous year | -92.1% |
| 1981 | -8.66 % change on previous year | -1214.5% |
| 1982 | -1.88 % change on previous year | -78.3% |
| 1983 | 0.8803 % change on previous year | -146.8% |
| 1984 | -3.71 % change on previous year | -521.2% |
| 1985 | 2.25 % change on previous year | -160.6% |
| 1986 | 0.6748 % change on previous year | -70.0% |
| 1987 | 2.27 % change on previous year | +235.7% |
| 1988 | 1.54 % change on previous year | -32.1% |
| 1989 | 3.94 % change on previous year | +156.2% |
| 1990 | 3.95 % change on previous year | +0.2% |
| 1991 | -5.22 % change on previous year | -232.0% |
| 1992 | 2.36 % change on previous year | -145.2% |
| 1993 | 3.21 % change on previous year | +36.3% |
| 1994 | 1.11 % change on previous year | -65.5% |
| 1995 | 2.86 % change on previous year | +158.4% |
| 1996 | 3.31 % change on previous year | +15.5% |
| 1997 | 4.86 % change on previous year | +46.9% |
| 1998 | 5.03 % change on previous year | +3.5% |
| 1999 | 5.88 % change on previous year | +16.9% |
| 2000 | 5.65 % change on previous year | -3.8% |
| 2001 | 7.16 % change on previous year | +26.7% |
| 2002 | -11.4 % change on previous year | -259.2% |
| 2003 | 11.02 % change on previous year | -196.7% |
| 2004 | 6.46 % change on previous year | -41.4% |
| 2005 | 5.93 % change on previous year | -8.2% |
| 2006 | 6.58 % change on previous year | +11.0% |
| 2007 | 7.65 % change on previous year | +16.3% |
| 2008 | 8.38 % change on previous year | +9.4% |
| 2009 | -3.61 % change on previous year | -143.1% |
| 2010 | 1.43 % change on previous year | -139.7% |
| 2011 | 2.56 % change on previous year | +79.0% |
| 2012 | 3.01 % change on previous year | +17.4% |
| 2013 | 2.3 % change on previous year | -23.6% |
| 2014 | 3.34 % change on previous year | +45.2% |
| 2015 | 3.13 % change on previous year | -6.2% |
| 2016 | 3.99 % change on previous year | +27.5% |
| 2017 | 3.93 % change on previous year | -1.5% |
| 2018 | 3.19 % change on previous year | -18.8% |
| 2019 | 4.41 % change on previous year | +38.1% |
| 2020 | -7.14 % change on previous year | -261.8% |
| 2021 | 5.74 % change on previous year | -180.4% |
| 2022 | 4.21 % change on previous year | -26.7% |
Madagascar compared with similar countries
- Madagascar's 4.21 % change on previous year is above the median for low income countries, which is 3.76 % change on previous year, 1.1× the median. (21 countries reporting)
- Madagascar's 4.21 % change on previous year is above the median for Sub-Saharan Africa, which is 3.8 % change on previous year, 1.1× the median. (44 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), annual growth rate (Bolt) 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 |
|---|---|---|---|
| 1981 | -1214.5% | 0.7772 % change on previous year | -8.66 % change on previous year |
| 1966 | +554.0% | -0.4587 % change on previous year | 2.08 % change on previous year |
| 1964 | +523.4% | -0.939 % change on previous year | 3.98 % change on previous year |
| 1984 | -521.2% | 0.8803 % change on previous year | -3.71 % change on previous year |
| 1979 | +474.1% | -2.63 % change on previous year | 9.83 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 3.68 % change on previous year | 3.65 % change on previous year | 3.72 % change on previous year | 9 |
| 1960s | 2.65 % change on previous year | -0.939 % change on previous year | 6.81 % change on previous year | 10 |
| 1970s | 1.5 % change on previous year | -3.1 % change on previous year | 9.83 % change on previous year | 10 |
| 1980s | -0.1925 % change on previous year | -8.66 % change on previous year | 3.94 % change on previous year | 10 |
| 1990s | 2.73 % change on previous year | -5.22 % change on previous year | 5.88 % change on previous year | 10 |
| 2000s | 4.38 % change on previous year | -11.4 % change on previous year | 11.02 % change on previous year | 10 |
| 2010s | 3.13 % change on previous year | 1.43 % change on previous year | 4.41 % change on previous year | 10 |
| 2020s | 0.9373 % change on previous year | -7.14 % change on previous year | 5.74 % change on previous year | 3 |
Countries ranked near Madagascar
- 65 Oman 4.31 % change on previous year compare
- 66 Egypt 4.24 % change on previous year compare
- 67 Qatar 4.24 % change on previous year compare
- 69 Guinea-Bissau 4.2 % change on previous year compare
- 70 Bahrain 4.19 % change on previous year compare
- 71 Mozambique 4.15 % change on previous year compare
More economy & growth data for Madagascar
- 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)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), annual growth rate in Madagascar?
- Gross domestic product (gdp), annual growth rate in Madagascar was 4.21 % change on previous year in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), annual growth rate recorded in Madagascar?
- The highest recorded value was 11.02 % change on previous year in 2003.
- What is the lowest gross domestic product (gdp), annual growth rate recorded in Madagascar?
- The lowest recorded value was -11.4 % change on previous year in 2002.
- How does Madagascar rank for gross domestic product (gdp), annual growth rate?
- Madagascar ranks 68th out of 166 countries with data for 2022.
- Is gross domestic product (gdp), annual growth rate rising or falling in Madagascar?
- Over the last ten years it is up 39.8%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 72 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross domestic product (GDP). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.