Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar
Madagascar: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 42.51 million million SLC in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Madagascar stood at 42.51 million million SLC. That is the highest value across all 55 years on record.
That represents a change of up 4.2% on the previous year and up 32.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Madagascar peaked at 42.51 million million SLC in 2024 and was at its lowest, 16.04 million million SLC, in 1982.
Madagascar ranks 21st of 194 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Madagascar, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 16.20 million million SLC | — |
| 1971 | 16.89 million million SLC | +4.3% |
| 1972 | 16.68 million million SLC | -1.3% |
| 1973 | 16.31 million million SLC | -2.2% |
| 1974 | 16.51 million million SLC | +1.2% |
| 1975 | 16.72 million million SLC | +1.3% |
| 1976 | 16.21 million million SLC | -3.1% |
| 1977 | 16.59 million million SLC | +2.4% |
| 1978 | 16.16 million million SLC | -2.6% |
| 1979 | 17.74 million million SLC | +9.8% |
| 1980 | 17.88 million million SLC | +0.8% |
| 1981 | 16.34 million million SLC | -8.6% |
| 1982 | 16.04 million million SLC | -1.8% |
| 1983 | 16.17 million million SLC | +0.8% |
| 1984 | 16.45 million million SLC | +1.7% |
| 1985 | 16.64 million million SLC | +1.2% |
| 1986 | 16.96 million million SLC | +2.0% |
| 1987 | 17.16 million million SLC | +1.2% |
| 1988 | 17.74 million million SLC | +3.4% |
| 1989 | 18.47 million million SLC | +4.1% |
| 1990 | 19.05 million million SLC | +3.1% |
| 1991 | 17.84 million million SLC | -6.3% |
| 1992 | 18.06 million million SLC | +1.2% |
| 1993 | 18.44 million million SLC | +2.1% |
| 1994 | 18.42 million million SLC | -0.1% |
| 1995 | 18.74 million million SLC | +1.7% |
| 1996 | 19.14 million million SLC | +2.1% |
| 1997 | 19.85 million million SLC | +3.7% |
| 1998 | 20.62 million million SLC | +3.9% |
| 1999 | 21.59 million million SLC | +4.7% |
| 2000 | 22.62 million million SLC | +4.7% |
| 2001 | 23.97 million million SLC | +6.0% |
| 2002 | 20.94 million million SLC | -12.7% |
| 2003 | 22.99 million million SLC | +9.8% |
| 2004 | 24.20 million million SLC | +5.3% |
| 2005 | 25.31 million million SLC | +4.6% |
| 2006 | 26.58 million million SLC | +5.0% |
| 2007 | 28.24 million million SLC | +6.2% |
| 2008 | 30.14 million million SLC | +6.7% |
| 2009 | 28.94 million million SLC | -4.0% |
| 2010 | 29.12 million million SLC | +0.6% |
| 2011 | 29.58 million million SLC | +1.6% |
| 2012 | 30.47 million million SLC | +3.0% |
| 2013 | 31.17 million million SLC | +2.3% |
| 2014 | 32.21 million million SLC | +3.3% |
| 2015 | 33.22 million million SLC | +3.1% |
| 2016 | 34.54 million million SLC | +4.0% |
| 2017 | 35.90 million million SLC | +3.9% |
| 2018 | 37.05 million million SLC | +3.2% |
| 2019 | 38.68 million million SLC | +4.4% |
| 2020 | 35.92 million million SLC | -7.1% |
| 2021 | 37.59 million million SLC | +4.7% |
| 2022 | 39.15 million million SLC | +4.2% |
| 2023 | 40.80 million million SLC | +4.2% |
| 2024 | 42.51 million million SLC | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.60 million million SLC | 16.16 million million SLC | 17.74 million million SLC | 10 |
| 1980s | 16.98 million million SLC | 16.04 million million SLC | 18.47 million million SLC | 10 |
| 1990s | 19.17 million million SLC | 17.84 million million SLC | 21.59 million million SLC | 10 |
| 2000s | 25.39 million million SLC | 20.94 million million SLC | 30.14 million million SLC | 10 |
| 2010s | 33.19 million million SLC | 29.12 million million SLC | 38.68 million million SLC | 10 |
| 2020s | 39.20 million million SLC | 35.92 million million SLC | 42.51 million million SLC | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Imports of goods and services (constant 2015 US$), annual growth rate 4.02 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3554 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 212.95 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -35.58 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -35.71 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 10.52 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 983.07 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 589,120 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 1.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1787 constant 2015 US$ per US$ of GDP (2025)
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 42.51 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Madagascar?
- The highest recorded value was 42.51 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Madagascar?
- The lowest recorded value was 16.04 million million SLC in 1982.
- How does Madagascar rank for gross domestic product — value standard local currency, 2015 prices?
- Madagascar ranks 21st 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 32.0%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).