Gross Domestic Product — Value US$ in Madagascar
Madagascar: Gross Domestic Product — Value US$ was 17,421 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Madagascar, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Madagascar recorded 17,421 million USD for gross domestic product — value us$ in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 9.8% on the previous year and up 39.1% over ten years.
Over the whole period, gross domestic product — value us$ in Madagascar peaked at 17,421 million USD in 2024 and was at its lowest, 1,052 million USD, in 1970.
That places Madagascar 150th out of 236 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$ in Madagascar, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,052 million USD | — |
| 1971 | 1,138 million USD | +8.1% |
| 1972 | 1,301 million USD | +14.3% |
| 1973 | 1,602 million USD | +23.2% |
| 1974 | 1,815 million USD | +13.3% |
| 1975 | 2,161 million USD | +19.1% |
| 1976 | 2,065 million USD | -4.4% |
| 1977 | 2,233 million USD | +8.1% |
| 1978 | 2,527 million USD | +13.2% |
| 1979 | 3,279 million USD | +29.7% |
| 1980 | 3,826 million USD | +16.7% |
| 1981 | 3,403 million USD | -11.1% |
| 1982 | 3,338 million USD | -1.9% |
| 1983 | 3,325 million USD | -0.4% |
| 1984 | 2,782 million USD | -16.3% |
| 1985 | 2,748 million USD | -1.2% |
| 1986 | 3,818 million USD | +39.0% |
| 1987 | 3,007 million USD | -21.3% |
| 1988 | 2,862 million USD | -4.8% |
| 1989 | 2,927 million USD | +2.3% |
| 1990 | 3,609 million USD | +23.3% |
| 1991 | 3,133 million USD | -13.2% |
| 1992 | 3,511 million USD | +12.1% |
| 1993 | 3,913 million USD | +11.5% |
| 1994 | 3,456 million USD | -11.7% |
| 1995 | 3,668 million USD | +6.1% |
| 1996 | 4,638 million USD | +26.4% |
| 1997 | 4,116 million USD | -11.2% |
| 1998 | 4,340 million USD | +5.4% |
| 1999 | 4,320 million USD | -0.5% |
| 2000 | 4,502 million USD | +4.2% |
| 2001 | 5,259 million USD | +16.8% |
| 2002 | 5,105 million USD | -2.9% |
| 2003 | 6,355 million USD | +24.5% |
| 2004 | 5,066 million USD | -20.3% |
| 2005 | 5,849 million USD | +15.5% |
| 2006 | 6,403 million USD | +9.5% |
| 2007 | 8,525 million USD | +33.1% |
| 2008 | 10,725 million USD | +25.8% |
| 2009 | 9,617 million USD | -10.3% |
| 2010 | 9,983 million USD | +3.8% |
| 2011 | 11,552 million USD | +15.7% |
| 2012 | 11,579 million USD | +0.2% |
| 2013 | 12,424 million USD | +7.3% |
| 2014 | 12,523 million USD | +0.8% |
| 2015 | 11,323 million USD | -9.6% |
| 2016 | 11,849 million USD | +4.6% |
| 2017 | 13,176 million USD | +11.2% |
| 2018 | 13,760 million USD | +4.4% |
| 2019 | 14,105 million USD | +2.5% |
| 2020 | 13,051 million USD | -7.5% |
| 2021 | 14,355 million USD | +10.0% |
| 2022 | 15,326 million USD | +6.8% |
| 2023 | 15,870 million USD | +3.6% |
| 2024 | 17,421 million USD | +9.8% |
Madagascar compared with similar countries
- Madagascar's 17,421 million USD is above the median for low income countries, which is 14,019 million USD, 1.2× the median. (23 countries reporting)
- Madagascar's 17,421 million USD is above the median for Sub-Saharan Africa, which is 17,421 million USD, 1.0× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,917 million USD | 1,052 million USD | 3,279 million USD | 10 |
| 1980s | 3,204 million USD | 2,748 million USD | 3,826 million USD | 10 |
| 1990s | 3,870 million USD | 3,133 million USD | 4,638 million USD | 10 |
| 2000s | 6,741 million USD | 4,502 million USD | 10,725 million USD | 10 |
| 2010s | 12,227 million USD | 9,983 million USD | 14,105 million USD | 10 |
| 2020s | 15,204 million USD | 13,051 million USD | 17,421 million USD | 5 |
Countries ranked near Madagascar
- 147 Republic of Moldova 18,131 million USD compare
- 147 Moldova 18,131 million USD compare
- 149 Nicaragua 17,829 million USD compare
- 151 Democratic People's Republic of Korea 16,776 million USD compare
- 152 North Macedonia 16,718 million USD compare
- 153 Kyrgyzstan 16,104 million USD compare
More economy & growth data for Madagascar
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$ in Madagascar?
- Gross domestic product — value us$ in Madagascar was 17,421 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Madagascar?
- The highest recorded value was 17,421 million USD in 2024.
- What is the lowest gross domestic product — value us$ recorded in Madagascar?
- The lowest recorded value was 1,052 million USD in 1970.
- How does Madagascar rank for gross domestic product — value us$?
- Madagascar ranks 150th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Madagascar?
- Over the last ten years it is up 39.1%. The long-run trend across the full record is volatile.
- 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$. 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).