Gross fixed capital formation in Madagascar
Madagascar: Gross fixed capital formation was 21.0% in 2025. ▲ Rising
Gross fixed capital formation in Madagascar, 1970–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Madagascar recorded 21.0% for gross fixed capital formation in 2025.
Compared with earlier readings it is up 2.9% on the previous year and up 11.0% over ten years.
Over the whole period, gross fixed capital formation in Madagascar peaked at 46.6% in 1980 and was at its lowest, 7.2%, in 1974.
That places Madagascar 110th out of 180 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 56 years of available data.
Gross fixed capital formation in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1970 | 9.1% | — |
| 1971 | 9.8% | +7.7% |
| 1972 | 8.3% | -15.8% |
| 1973 | 8.4% | +2.0% |
| 1974 | 7.2% | -14.6% |
| 1975 | 7.7% | +7.0% |
| 1976 | 7.8% | +1.3% |
| 1977 | 8.1% | +3.7% |
| 1978 | 9.2% | +14.2% |
| 1979 | 15.3% | +65.7% |
| 1980 | 46.6% | +204.9% |
| 1981 | 35.7% | -23.4% |
| 1982 | 26.3% | -26.2% |
| 1983 | 26.0% | -1.3% |
| 1984 | 26.8% | +3.2% |
| 1985 | 18.8% | -30.0% |
| 1986 | 20.5% | +9.3% |
| 1987 | 25.0% | +21.9% |
| 1988 | 17.6% | -29.6% |
| 1989 | 40.7% | +131.5% |
| 1990 | 36.0% | -11.7% |
| 1991 | 30.7% | -14.7% |
| 1992 | 36.1% | +17.7% |
| 1993 | 37.9% | +4.9% |
| 1994 | 32.9% | -13.2% |
| 1995 | 8.9% | -73.0% |
| 1996 | 9.5% | +7.4% |
| 1997 | 10.2% | +6.6% |
| 1998 | 12.2% | +20.6% |
| 1999 | 12.3% | +0.4% |
| 2000 | 11.9% | -3.0% |
| 2001 | 14.5% | +21.6% |
| 2002 | 11.0% | -24.4% |
| 2003 | 13.7% | +25.1% |
| 2004 | 21.2% | +54.1% |
| 2005 | 19.3% | -8.6% |
| 2006 | 20.3% | +5.1% |
| 2007 | 26.3% | +29.6% |
| 2008 | 37.8% | +43.5% |
| 2009 | 37.2% | -1.7% |
| 2010 | 25.9% | -30.3% |
| 2011 | 24.7% | -4.6% |
| 2012 | 23.4% | -5.3% |
| 2013 | 19.8% | -15.5% |
| 2014 | 18.3% | -7.5% |
| 2015 | 19.0% | +3.7% |
| 2016 | 19.0% | +0.1% |
| 2017 | 18.1% | -4.4% |
| 2018 | 21.0% | +15.9% |
| 2019 | 21.2% | +1.0% |
| 2020 | 19.5% | -8.1% |
| 2021 | 23.2% | +19.0% |
| 2022 | 21.9% | -5.7% |
| 2023 | 20.5% | -6.5% |
| 2024 | 20.4% | -0.2% |
| 2025 | 21.0% | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.1% | 7.2% | 15.3% | 10 |
| 1980s | 28.4% | 17.6% | 46.6% | 10 |
| 1990s | 22.7% | 8.9% | 37.9% | 10 |
| 2000s | 21.3% | 11.0% | 37.8% | 10 |
| 2010s | 21.0% | 18.1% | 25.9% | 10 |
| 2020s | 21.1% | 19.5% | 23.2% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Industry (including construction), value added (constant 2015 US$) 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.156 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 93.46 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 326.78 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 195,828 constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 10.46 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4883 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 292.6 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 10.57 % change on previous year (2025)
Frequently asked questions
- What is gross fixed capital formation in Madagascar?
- Gross fixed capital formation in Madagascar was 21.0% 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 46.6% in 1980.
- What is the lowest gross fixed capital formation recorded in Madagascar?
- The lowest recorded value was 7.2% in 1974.
- How does Madagascar rank for gross fixed capital formation?
- Madagascar ranks 110th out of 180 countries with data for 2025.
- Is gross fixed capital formation rising or falling in Madagascar?
- Over the last ten years it is up 11.0%. The long-run trend across the full record is rising.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.