Gross savings in Madagascar
Madagascar: Gross savings was 18.0% in 2024. ◆ Volatile
Gross savings in Madagascar, 1974–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GNI.
Analysis
The most recent figure for gross savings in Madagascar is 18.0%, measured in 2024.
Compared with earlier readings it is up 13.6% on the previous year and up 21.4% over ten years.
Over the whole period, gross savings in Madagascar peaked at 42.6% in 1989 and was at its lowest, 1.2%, in 1979.
That places Madagascar 116th 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.
Gross savings in Madagascar, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1974 | 5.5% | — |
| 1975 | 5.2% | -6.5% |
| 1976 | 7.6% | +47.5% |
| 1977 | 6.7% | -12.7% |
| 1978 | 4.9% | -26.1% |
| 1979 | 1.2% | -76.7% |
| 1980 | 38.0% | +3199.6% |
| 1981 | 30.0% | -21.0% |
| 1982 | 21.8% | -27.4% |
| 1983 | 22.5% | +3.0% |
| 1984 | 24.2% | +7.8% |
| 1985 | 15.8% | -34.5% |
| 1986 | 19.2% | +21.4% |
| 1987 | 23.8% | +23.6% |
| 1988 | 15.7% | -34.2% |
| 1989 | 42.6% | +172.3% |
| 1990 | 32.5% | -23.7% |
| 1991 | 27.2% | -16.5% |
| 1992 | 34.2% | +25.8% |
| 1993 | 34.8% | +1.9% |
| 1994 | 29.0% | -16.8% |
| 1995 | 4.7% | -83.8% |
| 1996 | 8.9% | +91.1% |
| 1997 | 7.9% | -12.2% |
| 1998 | 8.1% | +3.2% |
| 1999 | 9.7% | +19.1% |
| 2000 | 9.0% | -6.7% |
| 2001 | 14.7% | +63.2% |
| 2002 | 5.3% | -64.2% |
| 2003 | 10.8% | +104.9% |
| 2004 | 16.5% | +52.9% |
| 2005 | 10.6% | -35.6% |
| 2006 | 15.3% | +44.3% |
| 2007 | 19.2% | +25.2% |
| 2008 | 23.9% | +24.6% |
| 2009 | 17.9% | -25.3% |
| 2010 | 16.8% | -5.7% |
| 2011 | 15.8% | -6.2% |
| 2012 | 13.3% | -15.8% |
| 2013 | 8.6% | -35.4% |
| 2014 | 14.8% | +72.5% |
| 2015 | 13.3% | -10.1% |
| 2016 | 16.7% | +24.9% |
| 2017 | 15.5% | -6.8% |
| 2018 | 19.1% | +22.9% |
| 2019 | 16.9% | -11.3% |
| 2020 | 8.4% | -50.3% |
| 2021 | 12.7% | +50.8% |
| 2022 | 15.3% | +20.1% |
| 2023 | 15.9% | +3.9% |
| 2024 | 18.0% | +13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.2% | 1.2% | 7.6% | 6 |
| 1980s | 25.4% | 15.7% | 42.6% | 10 |
| 1990s | 19.7% | 4.7% | 34.8% | 10 |
| 2000s | 14.3% | 5.3% | 23.9% | 10 |
| 2010s | 15.1% | 8.6% | 19.1% | 10 |
| 2020s | 14.1% | 8.4% | 18.0% | 5 |
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 savings in Madagascar?
- Gross savings in Madagascar was 18.0% 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 42.6% in 1989.
- What is the lowest gross savings recorded in Madagascar?
- The lowest recorded value was 1.2% in 1979.
- How does Madagascar rank for gross savings?
- Madagascar ranks 116th out of 177 countries with data for 2024.
- Is gross savings rising or falling in Madagascar?
- Over the last ten years it is up 21.4%. 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 (% of GNI). 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 as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.