Gross Domestic Product — Value US$, 2015 prices in Madagascar
Madagascar: Gross Domestic Product — Value US$, 2015 prices was 14,492 million USD in 2024. ▲ Rising
Gross Domestic Product — Value US$, 2015 prices in Madagascar, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Madagascar is 14,492 million USD, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 4.2% on the previous year and up 32.0% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Madagascar peaked at 14,492 million USD in 2024 and was at its lowest, 5,468 million USD, in 1982.
Madagascar ranks 133rd of 203 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value US$, 2015 prices in Madagascar, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 5,523 million USD | — |
| 1971 | 5,758 million USD | +4.3% |
| 1972 | 5,685 million USD | -1.3% |
| 1973 | 5,561 million USD | -2.2% |
| 1974 | 5,629 million USD | +1.2% |
| 1975 | 5,700 million USD | +1.3% |
| 1976 | 5,525 million USD | -3.1% |
| 1977 | 5,656 million USD | +2.4% |
| 1978 | 5,508 million USD | -2.6% |
| 1979 | 6,048 million USD | +9.8% |
| 1980 | 6,097 million USD | +0.8% |
| 1981 | 5,570 million USD | -8.6% |
| 1982 | 5,468 million USD | -1.8% |
| 1983 | 5,512 million USD | +0.8% |
| 1984 | 5,606 million USD | +1.7% |
| 1985 | 5,671 million USD | +1.2% |
| 1986 | 5,782 million USD | +2.0% |
| 1987 | 5,850 million USD | +1.2% |
| 1988 | 6,049 million USD | +3.4% |
| 1989 | 6,296 million USD | +4.1% |
| 1990 | 6,493 million USD | +3.1% |
| 1991 | 6,083 million USD | -6.3% |
| 1992 | 6,155 million USD | +1.2% |
| 1993 | 6,284 million USD | +2.1% |
| 1994 | 6,280 million USD | -0.1% |
| 1995 | 6,387 million USD | +1.7% |
| 1996 | 6,525 million USD | +2.1% |
| 1997 | 6,765 million USD | +3.7% |
| 1998 | 7,031 million USD | +3.9% |
| 1999 | 7,361 million USD | +4.7% |
| 2000 | 7,710 million USD | +4.7% |
| 2001 | 8,171 million USD | +6.0% |
| 2002 | 7,138 million USD | -12.7% |
| 2003 | 7,836 million USD | +9.8% |
| 2004 | 8,248 million USD | +5.3% |
| 2005 | 8,628 million USD | +4.6% |
| 2006 | 9,061 million USD | +5.0% |
| 2007 | 9,627 million USD | +6.2% |
| 2008 | 10,273 million USD | +6.7% |
| 2009 | 9,864 million USD | -4.0% |
| 2010 | 9,925 million USD | +0.6% |
| 2011 | 10,082 million USD | +1.6% |
| 2012 | 10,385 million USD | +3.0% |
| 2013 | 10,624 million USD | +2.3% |
| 2014 | 10,979 million USD | +3.3% |
| 2015 | 11,323 million USD | +3.1% |
| 2016 | 11,775 million USD | +4.0% |
| 2017 | 12,238 million USD | +3.9% |
| 2018 | 12,629 million USD | +3.2% |
| 2019 | 13,186 million USD | +4.4% |
| 2020 | 12,245 million USD | -7.1% |
| 2021 | 12,815 million USD | +4.6% |
| 2022 | 13,347 million USD | +4.2% |
| 2023 | 13,908 million USD | +4.2% |
| 2024 | 14,492 million USD | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5,659 million USD | 5,508 million USD | 6,048 million USD | 10 |
| 1980s | 5,790 million USD | 5,468 million USD | 6,296 million USD | 10 |
| 1990s | 6,536 million USD | 6,083 million USD | 7,361 million USD | 10 |
| 2000s | 8,656 million USD | 7,138 million USD | 10,273 million USD | 10 |
| 2010s | 11,315 million USD | 9,925 million USD | 13,186 million USD | 10 |
| 2020s | 13,362 million USD | 12,245 million USD | 14,492 million USD | 5 |
Countries ranked near Madagascar
- 130 Rwanda 15,260 million USD compare
- 131 Jamaica 15,023 million USD compare
- 132 Mauritius 14,940 million USD compare
- 134 Brunei Darussalam 13,737 million USD compare
- 135 Ethiopia PDR 13,592 million USD compare
- 136 Yemen Ar Rp 13,314 million USD compare
More economy & growth data for Madagascar
- Gross domestic savings (current US$), annual growth rate -0.0668 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.1257 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 75.35 current US$ per person (2025)
- Gross domestic savings (current LCU), annual growth rate 0.0286 % change on previous year (2025)
- Gross domestic savings (current LCU), per unit of GDP 569.56 current LCU per US$ of GDP (2025)
- Gross domestic savings (current LCU), per capita 341,318 current LCU per person (2025)
- GNI, Atlas method (current US$), annual growth rate 10.07 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9276 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 555.91 current US$ per person (2025)
- GNI (current US$), annual growth rate 12.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Madagascar?
- Gross domestic product — value us$, 2015 prices in Madagascar was 14,492 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Madagascar?
- The highest recorded value was 14,492 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Madagascar?
- The lowest recorded value was 5,468 million USD in 1982.
- How does Madagascar rank for gross domestic product — value us$, 2015 prices?
- Madagascar ranks 133rd out of 203 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Madagascar?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).