Gross savings in Madagascar
Madagascar: Gross savings was 3.08 billion current US$ in 2024. ◆ Volatile
Gross savings in Madagascar, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
The most recent figure for gross savings in Madagascar is 3.08 billion current US$, measured in 2024. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 24.0% on the previous year and up 70.0% over ten years.
Over the whole period, gross savings in Madagascar peaked at 3.08 billion current US$ in 2024 and was at its lowest, 39.78 million current US$, in 1979.
That places Madagascar 127th out of 178 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 105.56 million current US$ | — |
| 1975 | 117.72 million current US$ | +11.5% |
| 1976 | 165.94 million current US$ | +41.0% |
| 1977 | 157.51 million current US$ | -5.1% |
| 1978 | 131.80 million current US$ | -16.3% |
| 1979 | 39.78 million current US$ | -69.8% |
| 1980 | 1.96 billion current US$ | +4831.4% |
| 1981 | 1.40 billion current US$ | -28.5% |
| 1982 | 1.02 billion current US$ | -27.1% |
| 1983 | 1.03 billion current US$ | +0.3% |
| 1984 | 910.36 million current US$ | -11.3% |
| 1985 | 582.28 million current US$ | -36.0% |
| 1986 | 806.60 million current US$ | +38.5% |
| 1987 | 722.21 million current US$ | -10.5% |
| 1988 | 471.09 million current US$ | -34.8% |
| 1989 | 1.27 billion current US$ | +170.2% |
| 1990 | 1.23 billion current US$ | -3.7% |
| 1991 | 840.09 million current US$ | -31.5% |
| 1992 | 1.22 billion current US$ | +45.1% |
| 1993 | 1.36 billion current US$ | +11.8% |
| 1994 | 975.35 million current US$ | -28.4% |
| 1995 | 171.87 million current US$ | -82.4% |
| 1996 | 426.61 million current US$ | +148.2% |
| 1997 | 327.25 million current US$ | -23.3% |
| 1998 | 350.46 million current US$ | +7.1% |
| 1999 | 408.95 million current US$ | +16.7% |
| 2000 | 413.43 million current US$ | +1.1% |
| 2001 | 787.52 million current US$ | +90.5% |
| 2002 | 274.48 million current US$ | -65.1% |
| 2003 | 678.31 million current US$ | +147.1% |
| 2004 | 822.09 million current US$ | +21.2% |
| 2005 | 609.07 million current US$ | -25.9% |
| 2006 | 957.16 million current US$ | +57.2% |
| 2007 | 1.62 billion current US$ | +69.1% |
| 2008 | 2.54 billion current US$ | +56.9% |
| 2009 | 1.69 billion current US$ | -33.4% |
| 2010 | 1.65 billion current US$ | -2.4% |
| 2011 | 1.79 billion current US$ | +8.5% |
| 2012 | 1.49 billion current US$ | -16.8% |
| 2013 | 1.03 billion current US$ | -30.8% |
| 2014 | 1.81 billion current US$ | +75.7% |
| 2015 | 1.46 billion current US$ | -19.5% |
| 2016 | 1.91 billion current US$ | +30.5% |
| 2017 | 1.99 billion current US$ | +4.5% |
| 2018 | 2.55 billion current US$ | +28.1% |
| 2019 | 2.31 billion current US$ | -9.4% |
| 2020 | 1.07 billion current US$ | -53.8% |
| 2021 | 1.79 billion current US$ | +67.8% |
| 2022 | 2.29 billion current US$ | +27.6% |
| 2023 | 2.49 billion current US$ | +8.8% |
| 2024 | 3.08 billion current US$ | +24.0% |
Madagascar compared with similar countries
- Madagascar's 3.08 billion current US$ is above the median for low income countries, which is 2.01 billion current US$, 1.5× the median. (20 countries reporting)
- Madagascar's 3.08 billion current US$ is below the median for Sub-Saharan Africa, which is 3.44 billion current US$, 90% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1980 | +4831.4% | 39.78 million current US$ | 1.96 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 119.72 million current US$ | 39.78 million current US$ | 165.94 million current US$ | 6 |
| 1980s | 1.02 billion current US$ | 471.09 million current US$ | 1.96 billion current US$ | 10 |
| 1990s | 730.75 million current US$ | 171.87 million current US$ | 1.36 billion current US$ | 10 |
| 2000s | 1.04 billion current US$ | 274.48 million current US$ | 2.54 billion current US$ | 10 |
| 2010s | 1.80 billion current US$ | 1.03 billion current US$ | 2.55 billion current US$ | 10 |
| 2020s | 2.14 billion current US$ | 1.07 billion current US$ | 3.08 billion current US$ | 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 3.08 billion current US$ 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 3.08 billion current US$ in 2024.
- What is the lowest gross savings recorded in Madagascar?
- The lowest recorded value was 39.78 million current US$ in 1979.
- How does Madagascar rank for gross savings?
- Madagascar ranks 127th out of 178 countries with data for 2024.
- Is gross savings rising or falling in Madagascar?
- Over the last ten years it is up 70.0%. 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 US$). Statizoid updates them automatically from the source API.
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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 indicator is expressed in United States dollars.