Gross value added at basic prices (GVA) in Madagascar
Madagascar: Gross value added at basic prices (GVA) was 22.03 trillion constant LCU in 2025. ▲ Rising
Latest (2025)
22.03 trillion constant LCU
Change on year
up 3.0%
World rank
30th
of 198 countries
All-time high
22.03 trillion constant LCU
in 2025
All-time low
6.68 trillion constant LCU
in 1960
Years of data
51
1960–2025
Gross value added at basic prices (GVA) in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Madagascar recorded 22.03 trillion constant LCU for gross value added at basic prices (gva) in 2025. That is the highest value across all 51 years on record.
Compared with earlier readings it is up 3.0% on the previous year and up 28.0% over ten years.
Over the whole period, gross value added at basic prices (gva) in Madagascar peaked at 22.03 trillion constant LCU in 2025 and was at its lowest, 6.68 trillion constant LCU, in 1960.
Madagascar ranks 30th of 198 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 51 years of available data.
Gross value added at basic prices (GVA) in Madagascar, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1960 | 6.68 trillion constant LCU | — |
| 1961 | 6.81 trillion constant LCU | +2.1% |
| 1962 | 6.95 trillion constant LCU | +2.0% |
| 1963 | 6.84 trillion constant LCU | -1.6% |
| 1964 | 7.08 trillion constant LCU | +3.6% |
| 1965 | 7.01 trillion constant LCU | -1.0% |
| 1966 | 7.17 trillion constant LCU | +2.3% |
| 1967 | 7.59 trillion constant LCU | +5.8% |
| 1968 | 8.04 trillion constant LCU | +5.9% |
| 1969 | 8.28 trillion constant LCU | +3.0% |
| 1970 | 8.72 trillion constant LCU | +5.3% |
| 1971 | 8.96 trillion constant LCU | +2.8% |
| 1972 | 8.92 trillion constant LCU | -0.5% |
| 1973 | 8.68 trillion constant LCU | -2.6% |
| 1974 | 8.86 trillion constant LCU | +2.0% |
| 1975 | 8.97 trillion constant LCU | +1.3% |
| 1976 | 8.68 trillion constant LCU | -3.2% |
| 1977 | 8.92 trillion constant LCU | +2.7% |
| 1978 | 8.58 trillion constant LCU | -3.7% |
| 1979 | 9.45 trillion constant LCU | +10.2% |
| 1995 | 10.07 trillion constant LCU | +6.5% |
| 1996 | 10.29 trillion constant LCU | +2.2% |
| 1997 | 10.67 trillion constant LCU | +3.7% |
| 1998 | 11.09 trillion constant LCU | +3.9% |
| 1999 | 11.60 trillion constant LCU | +4.7% |
| 2000 | 12.07 trillion constant LCU | +4.0% |
| 2001 | 12.74 trillion constant LCU | +5.5% |
| 2002 | 11.25 trillion constant LCU | -11.7% |
| 2003 | 12.20 trillion constant LCU | +8.4% |
| 2004 | 12.82 trillion constant LCU | +5.1% |
| 2005 | 13.42 trillion constant LCU | +4.6% |
| 2006 | 14.13 trillion constant LCU | +5.3% |
| 2007 | 14.92 trillion constant LCU | +5.6% |
| 2008 | 15.81 trillion constant LCU | +5.9% |
| 2009 | 15.42 trillion constant LCU | -2.5% |
| 2010 | 15.37 trillion constant LCU | -0.3% |
| 2011 | 15.55 trillion constant LCU | +1.1% |
| 2012 | 16.03 trillion constant LCU | +3.1% |
| 2013 | 16.36 trillion constant LCU | +2.0% |
| 2014 | 16.87 trillion constant LCU | +3.1% |
| 2015 | 17.22 trillion constant LCU | +2.1% |
| 2016 | 17.81 trillion constant LCU | +3.4% |
| 2017 | 18.51 trillion constant LCU | +3.9% |
| 2018 | 18.72 trillion constant LCU | +1.2% |
| 2019 | 19.67 trillion constant LCU | +5.1% |
| 2020 | 17.82 trillion constant LCU | -9.4% |
| 2021 | 18.93 trillion constant LCU | +6.2% |
| 2022 | 19.69 trillion constant LCU | +4.0% |
| 2023 | 20.57 trillion constant LCU | +4.5% |
| 2024 | 21.39 trillion constant LCU | +4.0% |
| 2025 | 22.03 trillion constant LCU | +3.0% |
Madagascar compared with similar countries
- Madagascar's 22.03 trillion constant LCU is above the median for low income countries, which is 1.63 trillion constant LCU, 13.6× the median. (22 countries reporting)
- Madagascar's 22.03 trillion constant LCU is above the median for Sub-Saharan Africa, which is 3.55 trillion constant LCU, 6.2× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.25 trillion constant LCU | 6.68 trillion constant LCU | 8.28 trillion constant LCU | 10 |
| 1970s | 8.87 trillion constant LCU | 8.58 trillion constant LCU | 9.45 trillion constant LCU | 10 |
| 1990s | 10.74 trillion constant LCU | 10.07 trillion constant LCU | 11.60 trillion constant LCU | 5 |
| 2000s | 13.48 trillion constant LCU | 11.25 trillion constant LCU | 15.81 trillion constant LCU | 10 |
| 2010s | 17.21 trillion constant LCU | 15.37 trillion constant LCU | 19.67 trillion constant LCU | 10 |
| 2020s | 20.07 trillion constant LCU | 17.82 trillion constant LCU | 22.03 trillion constant LCU | 6 |
Countries ranked near Madagascar
- 27 Cameroon 24.38 trillion constant LCU compare
- 28 Mexico 24.09 trillion constant LCU compare
- 29 Philippines 23.23 trillion constant LCU compare
- 31 Rwanda 20.61 trillion constant LCU compare
- 32 Democratic Republic of Congo 17.27 trillion constant LCU compare
- 33 Kazakhstan 17.25 trillion constant LCU compare
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 value added at basic prices (gva) in Madagascar?
- Gross value added at basic prices (gva) in Madagascar was 22.03 trillion constant LCU in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross value added at basic prices (gva) recorded in Madagascar?
- The highest recorded value was 22.03 trillion constant LCU in 2025.
- What is the lowest gross value added at basic prices (gva) recorded in Madagascar?
- The lowest recorded value was 6.68 trillion constant LCU in 1960.
- How does Madagascar rank for gross value added at basic prices (gva)?
- Madagascar ranks 30th out of 198 countries with data for 2025.
- Is gross value added at basic prices (gva) rising or falling in Madagascar?
- Over the last ten years it is up 28.0%. 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 Offices (NSOs), published as part of Gross value added at basic prices (GVA) (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.