Gross fixed capital formation (constant LCU) in Madagascar
Madagascar: Gross fixed capital formation (constant LCU) was 7.80 trillion constant LCU in 2025. ◆ Volatile
Gross fixed capital formation in Madagascar, 1980–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Madagascar recorded 7.80 trillion constant LCU for gross fixed capital formation in 2025. That is the highest value across all 46 years on record.
Compared with earlier readings it is 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 7.80 trillion constant LCU in 2025 and was at its lowest, 742.34 billion constant LCU, in 1983.
Madagascar ranks 24th of 168 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross fixed capital formation (constant LCU) in Madagascar, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1980 | 1.49 trillion constant LCU | — |
| 1981 | 1.03 trillion constant LCU | -30.8% |
| 1982 | 746.32 billion constant LCU | -27.5% |
| 1983 | 742.34 billion constant LCU | -0.5% |
| 1984 | 778.37 billion constant LCU | +4.9% |
| 1985 | 797.39 billion constant LCU | +2.4% |
| 1986 | 859.38 billion constant LCU | +7.8% |
| 1987 | 981.01 billion constant LCU | +14.2% |
| 1988 | 1.37 trillion constant LCU | +39.3% |
| 1989 | 1.37 trillion constant LCU | -0.1% |
| 1990 | 1.59 trillion constant LCU | +16.7% |
| 1991 | 1.02 trillion constant LCU | -36.1% |
| 1992 | 1.12 trillion constant LCU | +9.6% |
| 1993 | 1.21 trillion constant LCU | +8.5% |
| 1994 | 1.06 trillion constant LCU | -12.1% |
| 1995 | 1.09 trillion constant LCU | +2.6% |
| 1996 | 1.22 trillion constant LCU | +11.6% |
| 1997 | 1.31 trillion constant LCU | +7.3% |
| 1998 | 1.54 trillion constant LCU | +17.9% |
| 1999 | 1.59 trillion constant LCU | +2.9% |
| 2000 | 1.85 trillion constant LCU | +16.4% |
| 2001 | 2.27 trillion constant LCU | +23.1% |
| 2002 | 1.45 trillion constant LCU | -36.4% |
| 2003 | 2.08 trillion constant LCU | +43.8% |
| 2004 | 2.64 trillion constant LCU | +27.1% |
| 2005 | 2.64 trillion constant LCU | -0.1% |
| 2006 | 3.14 trillion constant LCU | +19.0% |
| 2007 | 4.21 trillion constant LCU | +33.9% |
| 2008 | 6.83 trillion constant LCU | +62.4% |
| 2009 | 5.94 trillion constant LCU | -13.1% |
| 2010 | 4.89 trillion constant LCU | -17.6% |
| 2011 | 4.92 trillion constant LCU | +0.6% |
| 2012 | 5.08 trillion constant LCU | +3.0% |
| 2013 | 4.67 trillion constant LCU | -7.9% |
| 2014 | 4.62 trillion constant LCU | -1.1% |
| 2015 | 4.67 trillion constant LCU | +1.1% |
| 2016 | 5.20 trillion constant LCU | +11.5% |
| 2017 | 5.11 trillion constant LCU | -1.8% |
| 2018 | 5.66 trillion constant LCU | +10.7% |
| 2019 | 6.38 trillion constant LCU | +12.8% |
| 2020 | 5.72 trillion constant LCU | -10.3% |
| 2021 | 6.19 trillion constant LCU | +8.3% |
| 2022 | 6.48 trillion constant LCU | +4.6% |
| 2023 | 6.68 trillion constant LCU | +3.0% |
| 2024 | 6.94 trillion constant LCU | +4.0% |
| 2025 | 7.80 trillion constant LCU | +12.3% |
Madagascar compared with similar countries
- Madagascar's 7.80 trillion constant LCU is above the median for low income countries, which is 873.06 billion constant LCU, 8.9× the median. (19 countries reporting)
- Madagascar's 7.80 trillion constant LCU is above the median for Sub-Saharan Africa, which is 949.72 billion constant LCU, 8.2× the median. (40 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.02 trillion constant LCU | 742.34 billion constant LCU | 1.49 trillion constant LCU | 10 |
| 1990s | 1.28 trillion constant LCU | 1.02 trillion constant LCU | 1.59 trillion constant LCU | 10 |
| 2000s | 3.30 trillion constant LCU | 1.45 trillion constant LCU | 6.83 trillion constant LCU | 10 |
| 2010s | 5.12 trillion constant LCU | 4.62 trillion constant LCU | 6.38 trillion constant LCU | 10 |
| 2020s | 6.64 trillion constant LCU | 5.72 trillion constant LCU | 7.80 trillion constant LCU | 6 |
Countries ranked near Madagascar
- 21 Bangladesh 10.53 trillion constant LCU compare
- 22 Iraq 10.13 trillion constant LCU compare
- 23 Costa Rica 9.43 trillion constant LCU compare
- 25 Kazakhstan 7.50 trillion constant LCU compare
- 26 Rwanda 7.27 trillion constant LCU compare
- 27 Senegal 6.52 trillion constant LCU compare
More economy & growth data for Madagascar
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gross fixed capital formation in Madagascar?
- Gross fixed capital formation in Madagascar was 7.80 trillion constant LCU 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 7.80 trillion constant LCU in 2025.
- What is the lowest gross fixed capital formation recorded in Madagascar?
- The lowest recorded value was 742.34 billion constant LCU in 1983.
- How does Madagascar rank for gross fixed capital formation?
- Madagascar ranks 24th out of 168 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 LCU). 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 varies by country. This series is expressed in local currency units.