Gross fixed capital formation (current LCU) in Madagascar
Madagascar: Gross fixed capital formation (current LCU) was 18.70 trillion current LCU in 2025. ◆ Volatile
Gross fixed capital formation in Madagascar, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Madagascar recorded 18.70 trillion current LCU for gross fixed capital formation in 2025. That is the highest value across all 56 years on record.
Compared with earlier readings it is up 14.9% on the previous year and up 196.9% over ten years.
Over the whole period, gross fixed capital formation in Madagascar peaked at 18.70 trillion current LCU in 2025 and was at its lowest, 5.58 billion current LCU, in 1972.
That places Madagascar 27th out of 181 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 (current LCU) in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 5.62 billion current LCU | — |
| 1971 | 6.52 billion current LCU | +16.0% |
| 1972 | 5.58 billion current LCU | -14.3% |
| 1973 | 6.20 billion current LCU | +11.1% |
| 1974 | 6.63 billion current LCU | +6.9% |
| 1975 | 7.52 billion current LCU | +13.4% |
| 1976 | 8.12 billion current LCU | +8.0% |
| 1977 | 9.36 billion current LCU | +15.3% |
| 1978 | 11.11 billion current LCU | +18.7% |
| 1979 | 22.52 billion current LCU | +102.6% |
| 1980 | 102.41 billion current LCU | +354.8% |
| 1981 | 92.31 billion current LCU | -9.9% |
| 1982 | 88.19 billion current LCU | -4.5% |
| 1983 | 104.89 billion current LCU | +18.9% |
| 1984 | 120.82 billion current LCU | +15.2% |
| 1985 | 94.54 billion current LCU | -21.8% |
| 1986 | 120.60 billion current LCU | +27.6% |
| 1987 | 171.77 billion current LCU | +42.4% |
| 1988 | 157.98 billion current LCU | -8.0% |
| 1989 | 414.98 billion current LCU | +162.7% |
| 1990 | 422.49 billion current LCU | +1.8% |
| 1991 | 366.48 billion current LCU | -13.3% |
| 1992 | 499.87 billion current LCU | +36.4% |
| 1993 | 589.05 billion current LCU | +17.8% |
| 1994 | 710.31 billion current LCU | +20.6% |
| 1995 | 290.47 billion current LCU | -59.1% |
| 1996 | 381.61 billion current LCU | +31.4% |
| 1997 | 440.64 billion current LCU | +15.5% |
| 1998 | 586.68 billion current LCU | +33.1% |
| 1999 | 660.92 billion current LCU | +12.7% |
| 2000 | 747.53 billion current LCU | +13.1% |
| 2001 | 1.04 trillion current LCU | +39.1% |
| 2002 | 802.20 billion current LCU | -22.8% |
| 2003 | 1.08 trillion current LCU | +35.0% |
| 2004 | 2.00 trillion current LCU | +84.9% |
| 2005 | 2.27 trillion current LCU | +13.3% |
| 2006 | 2.78 trillion current LCU | +22.7% |
| 2007 | 4.21 trillion current LCU | +51.1% |
| 2008 | 6.92 trillion current LCU | +64.6% |
| 2009 | 6.99 trillion current LCU | +1.0% |
| 2010 | 5.40 trillion current LCU | -22.7% |
| 2011 | 5.78 trillion current LCU | +6.9% |
| 2012 | 5.94 trillion current LCU | +2.8% |
| 2013 | 5.42 trillion current LCU | -8.8% |
| 2014 | 5.53 trillion current LCU | +2.1% |
| 2015 | 6.30 trillion current LCU | +13.9% |
| 2016 | 7.14 trillion current LCU | +13.4% |
| 2017 | 7.45 trillion current LCU | +4.3% |
| 2018 | 9.65 trillion current LCU | +29.6% |
| 2019 | 10.84 trillion current LCU | +12.4% |
| 2020 | 9.65 trillion current LCU | -11.0% |
| 2021 | 12.77 trillion current LCU | +32.3% |
| 2022 | 13.76 trillion current LCU | +7.7% |
| 2023 | 14.55 trillion current LCU | +5.7% |
| 2024 | 16.27 trillion current LCU | +11.8% |
| 2025 | 18.70 trillion current LCU | +14.9% |
Madagascar compared with similar countries
- Madagascar's 18.70 trillion current LCU is above the median for low income countries, which is 2.34 trillion current LCU, 8.0× the median. (20 countries reporting)
- Madagascar's 18.70 trillion current LCU is above the median for Sub-Saharan Africa, which is 1.15 trillion current LCU, 16.3× the median. (42 countries reporting)
Biggest year-on-year movements
Years where Gross fixed capital formation (current LCU) in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +354.8% | 22.52 billion current LCU | 102.41 billion current LCU |
| 1989 | +162.7% | 157.98 billion current LCU | 414.98 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.92 billion current LCU | 5.58 billion current LCU | 22.52 billion current LCU | 10 |
| 1980s | 146.85 billion current LCU | 88.19 billion current LCU | 414.98 billion current LCU | 10 |
| 1990s | 494.85 billion current LCU | 290.47 billion current LCU | 710.31 billion current LCU | 10 |
| 2000s | 2.88 trillion current LCU | 747.53 billion current LCU | 6.99 trillion current LCU | 10 |
| 2010s | 6.94 trillion current LCU | 5.40 trillion current LCU | 10.84 trillion current LCU | 10 |
| 2020s | 14.29 trillion current LCU | 9.65 trillion current LCU | 18.70 trillion current LCU | 6 |
Countries ranked near Madagascar
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 fixed capital formation in Madagascar?
- Gross fixed capital formation in Madagascar was 18.70 trillion current 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 18.70 trillion current LCU in 2025.
- What is the lowest gross fixed capital formation recorded in Madagascar?
- The lowest recorded value was 5.58 billion current LCU in 1972.
- How does Madagascar rank for gross fixed capital formation?
- Madagascar ranks 27th out of 181 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Madagascar?
- Over the last ten years it is up 196.9%. 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 (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.