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$, in 1979.
That places Madagascar 126th out of 177 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 119.72 million current US$ | 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
- External balance on goods and services as a percent of GDP -11.6% (2025)
- Inflation of consumer prices 8.1% (2025)
- GDP per capita 456.51 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.1% (2024)
- Gross domestic product (GDP) 14.95 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 456.51 constant 2015 US$ (2025)
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
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 126th out of 177 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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CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.