Gross fixed capital formation in Madagascar
Madagascar: Gross fixed capital formation was 12.3% in 2025. ◆ Volatile
Gross fixed capital formation in Madagascar, 1981–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
Madagascar recorded 12.3% for gross fixed capital formation in 2025.
The figure is up 206.9% on the previous year and up 1,068.7% over ten years.
Over the whole period, gross fixed capital formation in Madagascar peaked at 62.4% in 2008 and was at its lowest, -36.4%, in 2002.
That places Madagascar 27th out of 166 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Madagascar, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1981 | -30.8% | — |
| 1982 | -27.5% | -10.8% |
| 1983 | -0.5% | -98.1% |
| 1984 | 4.9% | -1009.1% |
| 1985 | 2.4% | -49.7% |
| 1986 | 7.8% | +218.1% |
| 1987 | 14.2% | +82.1% |
| 1988 | 39.3% | +177.7% |
| 1989 | -0.1% | -100.2% |
| 1990 | 16.7% | -24985.1% |
| 1991 | -36.1% | -315.9% |
| 1992 | 9.6% | -126.6% |
| 1993 | 8.5% | -11.3% |
| 1994 | -12.1% | -242.0% |
| 1995 | 2.6% | -121.9% |
| 1996 | 11.6% | +337.1% |
| 1997 | 7.3% | -36.8% |
| 1998 | 17.9% | +144.8% |
| 1999 | 2.9% | -84.0% |
| 2000 | 16.4% | +471.5% |
| 2001 | 23.1% | +41.0% |
| 2002 | -36.4% | -257.6% |
| 2003 | 43.8% | -220.3% |
| 2004 | 27.1% | -38.1% |
| 2005 | -0.1% | -100.2% |
| 2006 | 19.0% | -29380.7% |
| 2007 | 33.9% | +78.6% |
| 2008 | 62.4% | +84.1% |
| 2009 | -13.1% | -121.0% |
| 2010 | -17.6% | +34.3% |
| 2011 | 0.6% | -103.7% |
| 2012 | 3.0% | +370.1% |
| 2013 | -7.9% | -359.8% |
| 2014 | -1.1% | -85.8% |
| 2015 | 1.1% | -193.9% |
| 2016 | 11.5% | +987.1% |
| 2017 | -1.8% | -115.6% |
| 2018 | 10.7% | -696.9% |
| 2019 | 12.8% | +19.5% |
| 2020 | -10.3% | -180.8% |
| 2021 | 8.3% | -180.3% |
| 2022 | 4.6% | -44.5% |
| 2023 | 3.0% | -33.9% |
| 2024 | 4.0% | +32.5% |
| 2025 | 12.3% | +206.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.1% | -30.8% | 39.3% | 9 |
| 1990s | 2.9% | -36.1% | 17.9% | 10 |
| 2000s | 17.6% | -36.4% | 62.4% | 10 |
| 2010s | 1.1% | -17.6% | 12.8% | 10 |
| 2020s | 3.7% | -10.3% | 12.3% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- GDP (constant 2015 US$), annual growth rate 3 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.7618 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 456.51 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 3 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 1,264 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 757,513 constant LCU per person (2025)
- 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)
Frequently asked questions
- What is gross fixed capital formation in Madagascar?
- Gross fixed capital formation in Madagascar was 12.3% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross fixed capital formation recorded in Madagascar?
- The highest recorded value was 62.4% in 2008.
- What is the lowest gross fixed capital formation recorded in Madagascar?
- The lowest recorded value was -36.4% in 2002.
- How does Madagascar rank for gross fixed capital formation?
- Madagascar ranks 27th out of 166 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Madagascar?
- Over the last ten years it is up 1,068.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross fixed capital formation (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.