Gross Domestic Product — Value Standard Local Currency, annual growth in Madagascar
Madagascar: Gross Domestic Product — Value Standard Local Currency, annual growth was 12.15 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Madagascar, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Madagascar recorded 12.15 % change on previous year for gross domestic product — value standard local currency, annual growth in 2024.
Compared with earlier readings it is up 1.4% on the previous year and up 18.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Madagascar peaked at 47.61 % change on previous year in 1995 and was at its lowest, -3.13 % change on previous year, in 2020.
That places Madagascar 48th out of 218 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, annual growth in Madagascar, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.9 % change on previous year | — |
| 1972 | 3.94 % change on previous year | -50.1% |
| 1973 | 8.94 % change on previous year | +126.9% |
| 1974 | 22.35 % change on previous year | +150.0% |
| 1975 | 6.01 % change on previous year | -73.1% |
| 1976 | 6.55 % change on previous year | +9.1% |
| 1977 | 11.16 % change on previous year | +70.3% |
| 1978 | 3.95 % change on previous year | -64.6% |
| 1979 | 22.3 % change on previous year | +464.2% |
| 1980 | 15.91 % change on previous year | -28.6% |
| 1981 | 14.38 % change on previous year | -9.6% |
| 1982 | 26.25 % change on previous year | +82.5% |
| 1983 | 22.59 % change on previous year | -13.9% |
| 1984 | 12.12 % change on previous year | -46.3% |
| 1985 | 13.46 % change on previous year | +11.1% |
| 1986 | 41.86 % change on previous year | +211.0% |
| 1987 | 24.48 % change on previous year | -41.5% |
| 1988 | 25.28 % change on previous year | +3.3% |
| 1989 | 16.54 % change on previous year | -34.6% |
| 1990 | 14.89 % change on previous year | -10.0% |
| 1991 | 6.62 % change on previous year | -55.5% |
| 1992 | 13.82 % change on previous year | +108.7% |
| 1993 | 14.43 % change on previous year | +4.4% |
| 1994 | 41.55 % change on previous year | +187.9% |
| 1995 | 47.61 % change on previous year | +14.6% |
| 1996 | 20.37 % change on previous year | -57.2% |
| 1997 | 11.25 % change on previous year | -44.8% |
| 1998 | 12.7 % change on previous year | +12.8% |
| 1999 | 14.95 % change on previous year | +17.8% |
| 2000 | 12.22 % change on previous year | -18.3% |
| 2001 | 13.72 % change on previous year | +12.3% |
| 2002 | 0.6665 % change on previous year | -95.1% |
| 2003 | 12.82 % change on previous year | +1823.5% |
| 2004 | 20.31 % change on previous year | +58.5% |
| 2005 | 23.75 % change on previous year | +16.9% |
| 2006 | 17.07 % change on previous year | -28.1% |
| 2007 | 16.46 % change on previous year | -3.6% |
| 2008 | 14.7 % change on previous year | -10.7% |
| 2009 | 2.67 % change on previous year | -81.8% |
| 2010 | 10.9 % change on previous year | +307.5% |
| 2011 | 12.13 % change on previous year | +11.3% |
| 2012 | 8.64 % change on previous year | -28.7% |
| 2013 | 7.88 % change on previous year | -8.8% |
| 2014 | 10.3 % change on previous year | +30.7% |
| 2015 | 9.84 % change on previous year | -4.4% |
| 2016 | 13.31 % change on previous year | +35.3% |
| 2017 | 9.09 % change on previous year | -31.7% |
| 2018 | 11.76 % change on previous year | +29.3% |
| 2019 | 11.22 % change on previous year | -4.6% |
| 2020 | -3.13 % change on previous year | -127.9% |
| 2021 | 11.21 % change on previous year | -457.7% |
| 2022 | 14.18 % change on previous year | +26.5% |
| 2023 | 11.98 % change on previous year | -15.5% |
| 2024 | 12.15 % change on previous year | +1.4% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 2003 | +1823.5% | 0.6665 % change on previous year | 12.82 % change on previous year |
| 1979 | +464.2% | 3.95 % change on previous year | 22.3 % change on previous year |
| 2021 | +457.7% | -3.13 % change on previous year | 11.21 % change on previous year |
| 2010 | +307.5% | 2.67 % change on previous year | 10.9 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.34 % change on previous year | 3.94 % change on previous year | 22.35 % change on previous year | 9 |
| 1980s | 21.29 % change on previous year | 12.12 % change on previous year | 41.86 % change on previous year | 10 |
| 1990s | 19.82 % change on previous year | 6.62 % change on previous year | 47.61 % change on previous year | 10 |
| 2000s | 13.44 % change on previous year | 0.6665 % change on previous year | 23.75 % change on previous year | 10 |
| 2010s | 10.51 % change on previous year | 7.88 % change on previous year | 13.31 % change on previous year | 10 |
| 2020s | 9.28 % change on previous year | -3.13 % change on previous year | 14.18 % change on previous year | 5 |
Countries ranked near Madagascar
- 45 Belarus 13.13 % change on previous year compare
- 46 Rwanda 12.99 % change on previous year compare
- 47 Papua New Guinea 12.37 % change on previous year compare
- 49 Vietnam 11.55 % change on previous year compare
- 50 Syria 11.53 % change on previous year compare
- 51 Bangladesh 11.4 % change on previous year compare
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, annual growth in Madagascar?
- Gross domestic product — value standard local currency, annual growth in Madagascar was 12.15 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Madagascar?
- The highest recorded value was 47.61 % change on previous year in 1995.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Madagascar?
- The lowest recorded value was -3.13 % change on previous year in 2020.
- How does Madagascar rank for gross domestic product — value standard local currency, annual growth?
- Madagascar ranks 48th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Madagascar?
- Over the last ten years it is up 18.0%. 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 — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.