Gross Domestic Product — Value Standard Local Currency, per capita in Madagascar
Madagascar: Gross Domestic Product — Value Standard Local Currency, per capita was 2.47 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per capita in Madagascar, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, per capita in Madagascar stood at 2.47 million SLC per person. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 9.4% on the previous year and up 102.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, per capita in Madagascar peaked at 2.47 million SLC per person in 2024 and was at its lowest, 0.0088 million SLC per person, in 1970.
That places Madagascar 30th out of 192 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, per capita in Madagascar, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0088 million SLC per person | — |
| 1971 | 0.0092 million SLC per person | +4.8% |
| 1972 | 0.0093 million SLC per person | +0.9% |
| 1973 | 0.0098 million SLC per person | +5.7% |
| 1974 | 0.0116 million SLC per person | +18.7% |
| 1975 | 0.012 million SLC per person | +2.9% |
| 1976 | 0.0124 million SLC per person | +3.4% |
| 1977 | 0.0133 million SLC per person | +7.8% |
| 1978 | 0.0135 million SLC per person | +0.8% |
| 1979 | 0.016 million SLC per person | +18.6% |
| 1980 | 0.018 million SLC per person | +12.5% |
| 1981 | 0.0199 million SLC per person | +11.0% |
| 1982 | 0.0244 million SLC per person | +22.6% |
| 1983 | 0.0291 million SLC per person | +19.0% |
| 1984 | 0.0317 million SLC per person | +8.9% |
| 1985 | 0.0349 million SLC per person | +10.2% |
| 1986 | 0.0481 million SLC per person | +37.8% |
| 1987 | 0.0582 million SLC per person | +21.0% |
| 1988 | 0.0709 million SLC per person | +21.7% |
| 1989 | 0.0802 million SLC per person | +13.2% |
| 1990 | 0.0895 million SLC per person | +11.5% |
| 1991 | 0.0926 million SLC per person | +3.5% |
| 1992 | 0.1023 million SLC per person | +10.4% |
| 1993 | 0.1135 million SLC per person | +11.0% |
| 1994 | 0.1557 million SLC per person | +37.2% |
| 1995 | 0.2227 million SLC per person | +43.0% |
| 1996 | 0.2596 million SLC per person | +16.6% |
| 1997 | 0.2796 million SLC per person | +7.7% |
| 1998 | 0.3049 million SLC per person | +9.1% |
| 1999 | 0.3393 million SLC per person | +11.3% |
| 2000 | 0.3689 million SLC per person | +8.7% |
| 2001 | 0.4068 million SLC per person | +10.3% |
| 2002 | 0.3975 million SLC per person | -2.3% |
| 2003 | 0.4355 million SLC per person | +9.6% |
| 2004 | 0.5089 million SLC per person | +16.9% |
| 2005 | 0.6115 million SLC per person | +20.2% |
| 2006 | 0.6952 million SLC per person | +13.7% |
| 2007 | 0.7862 million SLC per person | +13.1% |
| 2008 | 0.8757 million SLC per person | +11.4% |
| 2009 | 0.8731 million SLC per person | -0.3% |
| 2010 | 0.9405 million SLC per person | +7.7% |
| 2011 | 1.03 million SLC per person | +9.0% |
| 2012 | 1.08 million SLC per person | +5.7% |
| 2013 | 1.14 million SLC per person | +5.0% |
| 2014 | 1.22 million SLC per person | +7.4% |
| 2015 | 1.31 million SLC per person | +7.0% |
| 2016 | 1.44 million SLC per person | +10.4% |
| 2017 | 1.53 million SLC per person | +6.3% |
| 2018 | 1.67 million SLC per person | +8.9% |
| 2019 | 1.81 million SLC per person | +8.4% |
| 2020 | 1.71 million SLC per person | -5.6% |
| 2021 | 1.85 million SLC per person | +8.4% |
| 2022 | 2.06 million SLC per person | +11.4% |
| 2023 | 2.25 million SLC per person | +9.3% |
| 2024 | 2.47 million SLC per person | +9.4% |
Madagascar compared with similar countries
- Madagascar's 2.47 million SLC per person is above the median for low income countries, which is 0.5527 million SLC per person, 4.5× the median. (23 countries reporting)
- Madagascar's 2.47 million SLC per person is above the median for Sub-Saharan Africa, which is 0.5688 million SLC per person, 4.3× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, per capita 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 |
|---|---|---|---|
| 1995 | +43.0% | 0.1557 million SLC per person | 0.2227 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0116 million SLC per person | 0.0088 million SLC per person | 0.016 million SLC per person | 10 |
| 1980s | 0.0415 million SLC per person | 0.018 million SLC per person | 0.0802 million SLC per person | 10 |
| 1990s | 0.196 million SLC per person | 0.0895 million SLC per person | 0.3393 million SLC per person | 10 |
| 2000s | 0.5959 million SLC per person | 0.3689 million SLC per person | 0.8757 million SLC per person | 10 |
| 2010s | 1.32 million SLC per person | 0.9405 million SLC per person | 1.81 million SLC per person | 10 |
| 2020s | 2.07 million SLC per person | 1.71 million SLC per person | 2.47 million SLC per person | 5 |
Countries ranked near Madagascar
- 27 Sudan 2.91 million SLC per person compare
- 28 Myanmar 2.77 million SLC per person compare
- 29 French Polynesia 2.59 million SLC per person compare
- 31 South Sudan 2.35 million SLC per person compare
- 32 Angola 2.14 million SLC per person compare
- 33 Cote d'Ivoire 1.63 million SLC per person 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, per capita in Madagascar?
- Gross domestic product — value standard local currency, per capita in Madagascar was 2.47 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per capita recorded in Madagascar?
- The highest recorded value was 2.47 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, per capita recorded in Madagascar?
- The lowest recorded value was 0.0088 million SLC per person in 1970.
- How does Madagascar rank for gross domestic product — value standard local currency, per capita?
- Madagascar ranks 30th out of 192 countries with data for 2024.
- Is gross domestic product — value standard local currency, per capita rising or falling in Madagascar?
- Over the last ten years it is up 102.0%. 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, per capita. Statizoid updates them automatically from the source API.
Download this data
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 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 ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.