How does Madagascar rank for gross domestic product — value standard local currency, per unit of?

Madagascar ranks 9th out of 191 countries with data for 2024.

Is gross domestic product — value standard local currency, per unit of rising or falling in Madagascar?

Over the last ten years it is up 85.6%. The long-run trend across the full record is volatile.

Gross Domestic Product — Value Standard Local Currency, per unit of in Madagascar

Name: Gross Domestic Product — Value Standard Local Currency, per unit of in Madagascar
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Madagascar: Gross Domestic Product — Value Standard Local Currency, per unit of was 0.0045 million SLC per US$ of GDP in 2024. ◆ Volatile

Latest (2024)

0.0045 million SLC per US$ of GDP

Change on year

up 2.2%

World rank

9th

of 191 countries

All-time high

0.0045 million SLC per US$ of GDP

in 2024

All-time low

0 million SLC per US$ of GDP

in 1980

Years of data

1970–2024

Gross Domestic Product — Value Standard Local Currency, per unit of in Madagascar, 1970–2024

Source: Statizoid (derived). Measured in million SLC per US$ of GDP.

Analysis

Madagascar recorded 0.0045 million SLC per US$ of GDP for gross domestic product — value standard local currency, per unit of in 2024. That is the highest value across all 55 years on record.

Compared with earlier readings it is up 2.2% on the previous year and up 85.6% over ten years.

Over the whole period, gross domestic product — value standard local currency, per unit of in Madagascar peaked at 0.0045 million SLC per US$ of GDP in 2024 and was at its lowest, 0 million SLC per US$ of GDP, in 1980.

That places Madagascar 9th out of 191 countries with data for 2024, putting it in the top 10%.

The series is highly variable year to year, so single readings are best treated with caution.

Gross Domestic Product — Value Standard Local Currency, per unit of in Madagascar, year by year

Annual values for Gross Domestic Product — Value Standard Local Currency, per unit of GDP in Madagascar, 1970 to 2024.
Year	million SLC per US$ of GDP	Change
1970	0.0001 million SLC per US$ of GDP	—
1971	0.0001 million SLC per US$ of GDP	+0.0%
1972	0 million SLC per US$ of GDP	-7.1%
1973	0 million SLC per US$ of GDP	-11.6%
1974	0 million SLC per US$ of GDP	+5.5%
1975	0 million SLC per US$ of GDP	-11.0%
1976	0 million SLC per US$ of GDP	+11.5%
1977	0 million SLC per US$ of GDP	+2.8%
1978	0 million SLC per US$ of GDP	-8.2%
1979	0 million SLC per US$ of GDP	-5.7%
1980	0 million SLC per US$ of GDP	-22.8%
1981	0 million SLC per US$ of GDP	+25.0%
1982	0 million SLC per US$ of GDP	+25.6%
1983	0.0001 million SLC per US$ of GDP	+25.2%
1984	0.0001 million SLC per US$ of GDP	+34.5%
1985	0.0001 million SLC per US$ of GDP	+16.5%
1986	0.0001 million SLC per US$ of GDP	+24.1%
1987	0.0002 million SLC per US$ of GDP	+68.5%
1988	0.0003 million SLC per US$ of GDP	+26.2%
1989	0.0003 million SLC per US$ of GDP	+17.0%
1990	0.0003 million SLC per US$ of GDP	-7.2%
1991	0.0004 million SLC per US$ of GDP	+28.8%
1992	0.0004 million SLC per US$ of GDP	-0.3%
1993	0.0004 million SLC per US$ of GDP	+4.6%
1994	0.0006 million SLC per US$ of GDP	+63.3%
1995	0.0008 million SLC per US$ of GDP	+35.5%
1996	0.0008 million SLC per US$ of GDP	-6.3%
1997	0.001 million SLC per US$ of GDP	+28.7%
1998	0.0011 million SLC per US$ of GDP	+9.1%
1999	0.0013 million SLC per US$ of GDP	+18.3%
2000	0.0013 million SLC per US$ of GDP	+3.7%
2001	0.0013 million SLC per US$ of GDP	-3.2%
2002	0.0013 million SLC per US$ of GDP	+2.3%
2003	0.0012 million SLC per US$ of GDP	-5.3%
2004	0.0019 million SLC per US$ of GDP	+51.4%
2005	0.002 million SLC per US$ of GDP	+7.0%
2006	0.0021 million SLC per US$ of GDP	+7.3%
2007	0.0019 million SLC per US$ of GDP	-12.6%
2008	0.0017 million SLC per US$ of GDP	-8.8%
2009	0.002 million SLC per US$ of GDP	+14.5%
2010	0.0021 million SLC per US$ of GDP	+6.8%
2011	0.002 million SLC per US$ of GDP	-3.1%
2012	0.0022 million SLC per US$ of GDP	+8.4%
2013	0.0022 million SLC per US$ of GDP	+0.5%
2014	0.0024 million SLC per US$ of GDP	+9.4%
2015	0.0029 million SLC per US$ of GDP	+21.5%
2016	0.0032 million SLC per US$ of GDP	+8.3%
2017	0.0031 million SLC per US$ of GDP	-1.9%
2018	0.0033 million SLC per US$ of GDP	+7.0%
2019	0.0036 million SLC per US$ of GDP	+8.5%
2020	0.0038 million SLC per US$ of GDP	+4.7%
2021	0.0038 million SLC per US$ of GDP	+1.1%
2022	0.0041 million SLC per US$ of GDP	+6.8%
2023	0.0044 million SLC per US$ of GDP	+7.1%
2024	0.0045 million SLC per US$ of GDP	+2.2%

Madagascar compared with similar countries

Madagascar's 0.0045 million SLC per US$ of GDP is above the median for low income countries, which is 0.0006 million SLC per US$ of GDP, 7.7× the median. (23 countries reporting)
Madagascar's 0.0045 million SLC per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0005 million SLC per US$ of GDP, 8.6× the median. (45 countries reporting)

Averages by decade

Decade	Average	Lowest	Highest	Years
1970s	0 million SLC per US$ of GDP	0 million SLC per US$ of GDP	0.0001 million SLC per US$ of GDP	10
1980s	0.0001 million SLC per US$ of GDP	0 million SLC per US$ of GDP	0.0003 million SLC per US$ of GDP	10
1990s	0.0007 million SLC per US$ of GDP	0.0003 million SLC per US$ of GDP	0.0013 million SLC per US$ of GDP	10
2000s	0.0017 million SLC per US$ of GDP	0.0012 million SLC per US$ of GDP	0.0021 million SLC per US$ of GDP	10
2010s	0.0027 million SLC per US$ of GDP	0.002 million SLC per US$ of GDP	0.0036 million SLC per US$ of GDP	10
2020s	0.0041 million SLC per US$ of GDP	0.0038 million SLC per US$ of GDP	0.0045 million SLC per US$ of GDP	5

Countries ranked near Madagascar

6 Uzbekistan 0.0106 million SLC per US$ of GDP compare
7 Guinea 0.0089 million SLC per US$ of GDP compare
8 Paraguay 0.0075 million SLC per US$ of GDP compare
10 Cambodia 0.0041 million SLC per US$ of GDP compare
11 Colombia 0.004 million SLC per US$ of GDP compare
12 Uganda 0.0039 million SLC per US$ of GDP compare

See the full ranking of 191 places →

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)

All data for Madagascar →

Frequently asked questions

What is gross domestic product — value standard local currency, per unit of in Madagascar?: Gross domestic product — value standard local currency, per unit of in Madagascar was 0.0045 million SLC per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest gross domestic product — value standard local currency, per unit of recorded in Madagascar?: The highest recorded value was 0.0045 million SLC per US$ of GDP in 2024.
What is the lowest gross domestic product — value standard local currency, per unit of recorded in Madagascar?: The lowest recorded value was 0 million SLC per US$ of GDP in 1980.
How does Madagascar rank for gross domestic product — value standard local currency, per unit of?: Madagascar ranks 9th out of 191 countries with data for 2024.
Is gross domestic product — value standard local currency, per unit of rising or falling in Madagascar?: Over the last ten years it is up 85.6%. 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 unit of GDP. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value Standard Local Currency, per unit of in Madagascar. Statizoid, drawing on Statizoid (derived). Retrieved 23 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-standard-local-currency-per-unit-of-gdp/madagascar/

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How this figure is calculated

Gross Domestic Product — Value Standard Local Currency divided by GDP (current US$), 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 ÷ GDP (current US$)

Computed from

Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
GDP Country official statistics, National Statistical Organizations and/or Central Banks

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

Indicator: Gross Domestic Product — Value Standard Local Currency, per unit of GDP
Unit: million SLC per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 191 places, 9,350 data points, 1970–2024
Last refreshed: 19 September 2026

Gross Domestic Product — Value Standard Local Currency divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.