Gross savings in Madagascar
Madagascar: Gross savings was 13.95 trillion current LCU in 2024. ◆ Volatile
Gross savings in Madagascar, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
The most recent figure for gross savings in Madagascar is 13.95 trillion current LCU, measured in 2024. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 26.6% on the previous year and up 218.5% over ten years.
Over the whole period, gross savings in Madagascar peaked at 13.95 trillion current LCU in 2024 and was at its lowest, 1.69 billion current LCU, in 1979.
That places Madagascar 28th out of 178 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 1974 | 5.08 billion current LCU | — |
| 1975 | 5.05 billion current LCU | -0.7% |
| 1976 | 7.93 billion current LCU | +57.2% |
| 1977 | 7.74 billion current LCU | -2.4% |
| 1978 | 5.95 billion current LCU | -23.1% |
| 1979 | 1.69 billion current LCU | -71.6% |
| 1980 | 82.89 billion current LCU | +4798.0% |
| 1981 | 76.26 billion current LCU | -8.0% |
| 1982 | 71.58 billion current LCU | -6.1% |
| 1983 | 88.37 billion current LCU | +23.5% |
| 1984 | 104.99 billion current LCU | +18.8% |
| 1985 | 77.15 billion current LCU | -26.5% |
| 1986 | 109.11 billion current LCU | +41.4% |
| 1987 | 154.44 billion current LCU | +41.5% |
| 1988 | 132.57 billion current LCU | -14.2% |
| 1989 | 408.14 billion current LCU | +207.9% |
| 1990 | 366.37 billion current LCU | -10.2% |
| 1991 | 308.37 billion current LCU | -15.8% |
| 1992 | 454.31 billion current LCU | +47.3% |
| 1993 | 521.41 billion current LCU | +14.8% |
| 1994 | 598.34 billion current LCU | +14.8% |
| 1995 | 146.63 billion current LCU | -75.5% |
| 1996 | 346.52 billion current LCU | +136.3% |
| 1997 | 333.20 billion current LCU | -3.8% |
| 1998 | 381.40 billion current LCU | +14.5% |
| 1999 | 513.95 billion current LCU | +34.8% |
| 2000 | 559.57 billion current LCU | +8.9% |
| 2001 | 1.04 trillion current LCU | +85.4% |
| 2002 | 375.04 billion current LCU | -63.9% |
| 2003 | 839.97 billion current LCU | +124.0% |
| 2004 | 1.54 trillion current LCU | +82.9% |
| 2005 | 1.22 trillion current LCU | -20.6% |
| 2006 | 2.05 trillion current LCU | +68.1% |
| 2007 | 3.03 trillion current LCU | +48.0% |
| 2008 | 4.34 trillion current LCU | +43.1% |
| 2009 | 3.31 trillion current LCU | -23.7% |
| 2010 | 3.45 trillion current LCU | +4.3% |
| 2011 | 3.63 trillion current LCU | +5.2% |
| 2012 | 3.27 trillion current LCU | -9.8% |
| 2013 | 2.28 trillion current LCU | -30.4% |
| 2014 | 4.38 trillion current LCU | +92.3% |
| 2015 | 4.29 trillion current LCU | -2.2% |
| 2016 | 6.06 trillion current LCU | +41.3% |
| 2017 | 6.21 trillion current LCU | +2.5% |
| 2018 | 8.51 trillion current LCU | +37.1% |
| 2019 | 8.37 trillion current LCU | -1.7% |
| 2020 | 4.04 trillion current LCU | -51.7% |
| 2021 | 6.86 trillion current LCU | +69.7% |
| 2022 | 9.36 trillion current LCU | +36.5% |
| 2023 | 11.02 trillion current LCU | +17.7% |
| 2024 | 13.95 trillion current LCU | +26.6% |
Madagascar compared with similar countries
- Madagascar's 13.95 trillion current LCU is above the median for low income countries, which is 942.05 billion current LCU, 14.8× the median. (20 countries reporting)
- Madagascar's 13.95 trillion current LCU is above the median for Sub-Saharan Africa, which is 841.37 billion current LCU, 16.6× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings 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 | +4798.0% | 1.69 billion current LCU | 82.89 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.57 billion current LCU | 1.69 billion current LCU | 7.93 billion current LCU | 6 |
| 1980s | 130.55 billion current LCU | 71.58 billion current LCU | 408.14 billion current LCU | 10 |
| 1990s | 397.05 billion current LCU | 146.63 billion current LCU | 598.34 billion current LCU | 10 |
| 2000s | 1.83 trillion current LCU | 375.04 billion current LCU | 4.34 trillion current LCU | 10 |
| 2010s | 5.05 trillion current LCU | 2.28 trillion current LCU | 8.51 trillion current LCU | 10 |
| 2020s | 9.05 trillion current LCU | 4.04 trillion current LCU | 13.95 trillion current LCU | 5 |
Countries ranked near Madagascar
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 savings in Madagascar?
- Gross savings in Madagascar was 13.95 trillion current LCU in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Madagascar?
- The highest recorded value was 13.95 trillion current LCU in 2024.
- What is the lowest gross savings recorded in Madagascar?
- The lowest recorded value was 1.69 billion current LCU in 1979.
- How does Madagascar rank for gross savings?
- Madagascar ranks 28th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Madagascar?
- Over the last ten years it is up 218.5%. 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 savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.