Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar
Madagascar: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 1.33 million SLC per person in 2024. ▼ Falling
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
Madagascar recorded 1.33 million SLC per person for gross domestic product — value standard local currency, 2015 prices in 2024.
The figure is up 1.7% on the previous year and up 2.3% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Madagascar peaked at 2.46 million SLC per person in 1971 and was at its lowest, 1.19 million SLC per person, in 2002.
That places Madagascar 28th out of 194 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 2.43 million SLC per person | — |
| 1971 | 2.46 million SLC per person | +1.3% |
| 1972 | 2.36 million SLC per person | -4.1% |
| 1973 | 2.24 million SLC per person | -5.0% |
| 1974 | 2.2 million SLC per person | -1.8% |
| 1975 | 2.16 million SLC per person | -1.7% |
| 1976 | 2.03 million SLC per person | -6.0% |
| 1977 | 2.02 million SLC per person | -0.7% |
| 1978 | 1.91 million SLC per person | -5.5% |
| 1979 | 2.03 million SLC per person | +6.5% |
| 1980 | 1.99 million SLC per person | -2.2% |
| 1981 | 1.76 million SLC per person | -11.3% |
| 1982 | 1.68 million SLC per person | -4.7% |
| 1983 | 1.64 million SLC per person | -2.1% |
| 1984 | 1.62 million SLC per person | -1.2% |
| 1985 | 1.59 million SLC per person | -1.7% |
| 1986 | 1.58 million SLC per person | -0.9% |
| 1987 | 1.55 million SLC per person | -1.7% |
| 1988 | 1.56 million SLC per person | +0.5% |
| 1989 | 1.58 million SLC per person | +1.1% |
| 1990 | 1.58 million SLC per person | +0.1% |
| 1991 | 1.44 million SLC per person | -9.1% |
| 1992 | 1.41 million SLC per person | -1.8% |
| 1993 | 1.4 million SLC per person | -1.0% |
| 1994 | 1.35 million SLC per person | -3.1% |
| 1995 | 1.33 million SLC per person | -1.5% |
| 1996 | 1.32 million SLC per person | -1.1% |
| 1997 | 1.32 million SLC per person | +0.4% |
| 1998 | 1.33 million SLC per person | +0.6% |
| 1999 | 1.35 million SLC per person | +1.4% |
| 2000 | 1.37 million SLC per person | +1.5% |
| 2001 | 1.41 million SLC per person | +2.8% |
| 2002 | 1.19 million SLC per person | -15.2% |
| 2003 | 1.27 million SLC per person | +6.6% |
| 2004 | 1.3 million SLC per person | +2.2% |
| 2005 | 1.32 million SLC per person | +1.6% |
| 2006 | 1.35 million SLC per person | +2.0% |
| 2007 | 1.39 million SLC per person | +3.2% |
| 2008 | 1.44 million SLC per person | +3.6% |
| 2009 | 1.34 million SLC per person | -6.8% |
| 2010 | 1.31 million SLC per person | -2.3% |
| 2011 | 1.3 million SLC per person | -1.3% |
| 2012 | 1.3 million SLC per person | +0.2% |
| 2013 | 1.29 million SLC per person | -0.4% |
| 2014 | 1.3 million SLC per person | +0.6% |
| 2015 | 1.31 million SLC per person | +0.4% |
| 2016 | 1.32 million SLC per person | +1.3% |
| 2017 | 1.34 million SLC per person | +1.3% |
| 2018 | 1.35 million SLC per person | +0.5% |
| 2019 | 1.37 million SLC per person | +1.7% |
| 2020 | 1.24 million SLC per person | -9.5% |
| 2021 | 1.27 million SLC per person | +2.1% |
| 2022 | 1.29 million SLC per person | +1.6% |
| 2023 | 1.31 million SLC per person | +1.7% |
| 2024 | 1.33 million SLC per person | +1.7% |
Madagascar compared with similar countries
- Madagascar's 1.33 million SLC per person is above the median for low income countries, which is 0.2311 million SLC per person, 5.8× the median. (23 countries reporting)
- Madagascar's 1.33 million SLC per person is above the median for Sub-Saharan Africa, which is 0.3487 million SLC per person, 3.8× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.18 million SLC per person | 1.91 million SLC per person | 2.46 million SLC per person | 10 |
| 1980s | 1.66 million SLC per person | 1.55 million SLC per person | 1.99 million SLC per person | 10 |
| 1990s | 1.38 million SLC per person | 1.32 million SLC per person | 1.58 million SLC per person | 10 |
| 2000s | 1.34 million SLC per person | 1.19 million SLC per person | 1.44 million SLC per person | 10 |
| 2010s | 1.32 million SLC per person | 1.29 million SLC per person | 1.37 million SLC per person | 10 |
| 2020s | 1.29 million SLC per person | 1.24 million SLC per person | 1.33 million SLC per person | 5 |
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 domestic product — value standard local currency, 2015 prices in Madagascar?
- Gross domestic product — value standard local currency, 2015 prices in Madagascar was 1.33 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Madagascar?
- The highest recorded value was 2.46 million SLC per person in 1971.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Madagascar?
- The lowest recorded value was 1.19 million SLC per person in 2002.
- How does Madagascar rank for gross domestic product — value standard local currency, 2015 prices?
- Madagascar ranks 28th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Madagascar?
- Over the last ten years it is up 2.3%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
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CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.