Gross fixed capital formation in Madagascar
Madagascar: Gross fixed capital formation was 3.59 billion constant 2015 US$ in 2025. ◆ Volatile
Latest (2025)
3.59 billion constant 2015 US$
Change on year
up 12.3%
World rank
117th
of 161 countries
All-time high
3.59 billion constant 2015 US$
in 2025
All-time low
341.31 million constant 2015 US$
in 1983
Years of data
46
1980–2025
Gross fixed capital formation in Madagascar, 1980–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Madagascar recorded 3.59 billion constant 2015 US$ for gross fixed capital formation in 2025. That is the highest value across all 46 years on record.
That represents a change of up 12.3% on the previous year and up 67.1% over ten years.
Over the whole period, gross fixed capital formation in Madagascar peaked at 3.59 billion constant 2015 US$ in 2025 and was at its lowest, 341.31 million constant 2015 US$, in 1983.
Madagascar ranks 117th of 161 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation in Madagascar, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1980 | 683.77 million constant 2015 US$ | — |
| 1981 | 473.14 million constant 2015 US$ | -30.8% |
| 1982 | 343.14 million constant 2015 US$ | -27.5% |
| 1983 | 341.31 million constant 2015 US$ | -0.5% |
| 1984 | 357.87 million constant 2015 US$ | +4.9% |
| 1985 | 366.62 million constant 2015 US$ | +2.4% |
| 1986 | 395.12 million constant 2015 US$ | +7.8% |
| 1987 | 451.04 million constant 2015 US$ | +14.2% |
| 1988 | 628.30 million constant 2015 US$ | +39.3% |
| 1989 | 627.88 million constant 2015 US$ | -0.1% |
| 1990 | 733.00 million constant 2015 US$ | +16.7% |
| 1991 | 468.09 million constant 2015 US$ | -36.1% |
| 1992 | 513.03 million constant 2015 US$ | +9.6% |
| 1993 | 556.73 million constant 2015 US$ | +8.5% |
| 1994 | 489.39 million constant 2015 US$ | -12.1% |
| 1995 | 502.35 million constant 2015 US$ | +2.6% |
| 1996 | 560.49 million constant 2015 US$ | +11.6% |
| 1997 | 601.48 million constant 2015 US$ | +7.3% |
| 1998 | 709.17 million constant 2015 US$ | +17.9% |
| 1999 | 729.49 million constant 2015 US$ | +2.9% |
| 2000 | 848.91 million constant 2015 US$ | +16.4% |
| 2001 | 1.04 billion constant 2015 US$ | +23.1% |
| 2002 | 664.63 million constant 2015 US$ | -36.4% |
| 2003 | 955.71 million constant 2015 US$ | +43.8% |
| 2004 | 1.21 billion constant 2015 US$ | +27.1% |
| 2005 | 1.21 billion constant 2015 US$ | -0.1% |
| 2006 | 1.44 billion constant 2015 US$ | +19.0% |
| 2007 | 1.93 billion constant 2015 US$ | +33.9% |
| 2008 | 3.14 billion constant 2015 US$ | +62.4% |
| 2009 | 2.73 billion constant 2015 US$ | -13.1% |
| 2010 | 2.25 billion constant 2015 US$ | -17.6% |
| 2011 | 2.26 billion constant 2015 US$ | +0.6% |
| 2012 | 2.33 billion constant 2015 US$ | +3.0% |
| 2013 | 2.15 billion constant 2015 US$ | -7.9% |
| 2014 | 2.12 billion constant 2015 US$ | -1.1% |
| 2015 | 2.15 billion constant 2015 US$ | +1.1% |
| 2016 | 2.39 billion constant 2015 US$ | +11.5% |
| 2017 | 2.35 billion constant 2015 US$ | -1.8% |
| 2018 | 2.60 billion constant 2015 US$ | +10.7% |
| 2019 | 2.93 billion constant 2015 US$ | +12.8% |
| 2020 | 2.63 billion constant 2015 US$ | -10.3% |
| 2021 | 2.85 billion constant 2015 US$ | +8.3% |
| 2022 | 2.98 billion constant 2015 US$ | +4.6% |
| 2023 | 3.07 billion constant 2015 US$ | +3.0% |
| 2024 | 3.19 billion constant 2015 US$ | +4.0% |
| 2025 | 3.59 billion constant 2015 US$ | +12.3% |
Madagascar compared with similar countries
- Madagascar's 3.59 billion constant 2015 US$ is below the median for low income countries, which is 3.85 billion constant 2015 US$, 93% of the median. (16 countries reporting)
- Madagascar's 3.59 billion constant 2015 US$ is below the median for Sub-Saharan Africa, which is 4.00 billion constant 2015 US$, 90% of the median. (38 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 466.82 million constant 2015 US$ | 341.31 million constant 2015 US$ | 683.77 million constant 2015 US$ | 10 |
| 1990s | 586.32 million constant 2015 US$ | 468.09 million constant 2015 US$ | 733.00 million constant 2015 US$ | 10 |
| 2000s | 1.52 billion constant 2015 US$ | 664.63 million constant 2015 US$ | 3.14 billion constant 2015 US$ | 10 |
| 2010s | 2.35 billion constant 2015 US$ | 2.12 billion constant 2015 US$ | 2.93 billion constant 2015 US$ | 10 |
| 2020s | 3.05 billion constant 2015 US$ | 2.63 billion constant 2015 US$ | 3.59 billion constant 2015 US$ | 6 |
Countries ranked near Madagascar
- 114 Niger 4.10 billion constant 2015 US$ compare
- 115 Congo 3.89 billion constant 2015 US$ compare
- 116 Brunei 3.67 billion constant 2015 US$ compare
- 118 Bahamas 3.59 billion constant 2015 US$ compare
- 119 Malta 3.55 billion constant 2015 US$ compare
- 120 Palestine 3.40 billion constant 2015 US$ 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 fixed capital formation in Madagascar?
- Gross fixed capital formation in Madagascar was 3.59 billion constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Madagascar?
- The highest recorded value was 3.59 billion constant 2015 US$ in 2025.
- What is the lowest gross fixed capital formation recorded in Madagascar?
- The lowest recorded value was 341.31 million constant 2015 US$ in 1983.
- How does Madagascar rank for gross fixed capital formation?
- Madagascar ranks 117th out of 161 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Madagascar?
- Over the last ten years it is up 67.1%. 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 Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 46 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.