Imports of goods and services in Madagascar
Madagascar: Imports of goods and services was 5.43 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
5.43 billion BoP, current US$
Change on year
up 2.4%
World rank
142nd
of 199 countries
All-time high
6.05 billion BoP, current US$
in 2022
All-time low
345.74 million BoP, current US$
in 1974
Years of data
51
1974–2024
Imports of goods and services in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, imports of goods and services in Madagascar stood at 5.43 billion BoP, current US$.
The figure is up 2.4% on the previous year and up 35.2% over ten years.
Over the whole period, imports of goods and services in Madagascar peaked at 6.05 billion BoP, current US$ in 2022 and was at its lowest, 345.74 million BoP, current US$, in 1974.
That places Madagascar 142nd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 345.74 million BoP, current US$ | — |
| 1975 | 479.86 million BoP, current US$ | +38.8% |
| 1976 | 393.43 million BoP, current US$ | -18.0% |
| 1977 | 448.11 million BoP, current US$ | +13.9% |
| 1978 | 573.09 million BoP, current US$ | +27.9% |
| 1979 | 928.96 million BoP, current US$ | +62.1% |
| 1980 | 1.08 billion BoP, current US$ | +15.7% |
| 1981 | 734.85 million BoP, current US$ | -31.6% |
| 1982 | 651.61 million BoP, current US$ | -11.3% |
| 1983 | 550.50 million BoP, current US$ | -15.5% |
| 1984 | 515.41 million BoP, current US$ | -6.4% |
| 1985 | 502.96 million BoP, current US$ | -2.4% |
| 1986 | 536.28 million BoP, current US$ | +6.6% |
| 1987 | 541.67 million BoP, current US$ | +1.0% |
| 1988 | 568.75 million BoP, current US$ | +5.0% |
| 1989 | 549.36 million BoP, current US$ | -3.4% |
| 1990 | 808.76 million BoP, current US$ | +47.2% |
| 1991 | 678.95 million BoP, current US$ | -16.0% |
| 1992 | 730.98 million BoP, current US$ | +7.7% |
| 1993 | 816.43 million BoP, current US$ | +11.7% |
| 1994 | 874.20 million BoP, current US$ | +7.1% |
| 1995 | 986.94 million BoP, current US$ | +12.9% |
| 1996 | 980.62 million BoP, current US$ | -0.6% |
| 1997 | 931.82 million BoP, current US$ | -5.0% |
| 1998 | 970.98 million BoP, current US$ | +4.2% |
| 1999 | 1.02 billion BoP, current US$ | +4.9% |
| 2000 | 1.15 billion BoP, current US$ | +13.4% |
| 2001 | 1.20 billion BoP, current US$ | +4.1% |
| 2002 | 1.60 billion BoP, current US$ | +33.1% |
| 2003 | 1.37 billion BoP, current US$ | -14.6% |
| 2004 | 1.57 billion BoP, current US$ | +14.6% |
| 2005 | 2.15 billion BoP, current US$ | +37.4% |
| 2006 | 2.33 billion BoP, current US$ | +8.5% |
| 2007 | 3.40 billion BoP, current US$ | +45.7% |
| 2008 | 4.75 billion BoP, current US$ | +39.8% |
| 2009 | 3.91 billion BoP, current US$ | -17.8% |
| 2010 | 3.41 billion BoP, current US$ | -12.7% |
| 2011 | 3.82 billion BoP, current US$ | +11.9% |
| 2012 | 3.92 billion BoP, current US$ | +2.8% |
| 2013 | 4.16 billion BoP, current US$ | +5.9% |
| 2014 | 4.02 billion BoP, current US$ | -3.3% |
| 2015 | 3.51 billion BoP, current US$ | -12.6% |
| 2016 | 3.57 billion BoP, current US$ | +1.6% |
| 2017 | 4.49 billion BoP, current US$ | +25.9% |
| 2018 | 4.82 billion BoP, current US$ | +7.3% |
| 2019 | 4.68 billion BoP, current US$ | -2.8% |
| 2020 | 3.72 billion BoP, current US$ | -20.6% |
| 2021 | 4.77 billion BoP, current US$ | +28.3% |
| 2022 | 6.05 billion BoP, current US$ | +27.0% |
| 2023 | 5.30 billion BoP, current US$ | -12.4% |
| 2024 | 5.43 billion BoP, current US$ | +2.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 528.20 million BoP, current US$ | 345.74 million BoP, current US$ | 928.96 million BoP, current US$ | 6 |
| 1980s | 622.65 million BoP, current US$ | 502.96 million BoP, current US$ | 1.08 billion BoP, current US$ | 10 |
| 1990s | 879.81 million BoP, current US$ | 678.95 million BoP, current US$ | 1.02 billion BoP, current US$ | 10 |
| 2000s | 2.34 billion BoP, current US$ | 1.15 billion BoP, current US$ | 4.75 billion BoP, current US$ | 10 |
| 2010s | 4.04 billion BoP, current US$ | 3.41 billion BoP, current US$ | 4.82 billion BoP, current US$ | 10 |
| 2020s | 5.06 billion BoP, current US$ | 3.72 billion BoP, current US$ | 6.05 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 139 Benin 6.19 billion BoP, current US$ compare
- 140 Montenegro 6.15 billion BoP, current US$ compare
- 141 Suriname 5.50 billion BoP, current US$ compare
- 143 Mauritania 5.37 billion BoP, current US$ compare
- 144 Maldives 5.35 billion BoP, current US$ compare
- 145 Gabon 5.05 billion BoP, current US$ compare
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 imports of goods and services in Madagascar?
- Imports of goods and services in Madagascar was 5.43 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Madagascar?
- The highest recorded value was 6.05 billion BoP, current US$ in 2022.
- What is the lowest imports of goods and services recorded in Madagascar?
- The lowest recorded value was 345.74 million BoP, current US$ in 1974.
- How does Madagascar rank for imports of goods and services?
- Madagascar ranks 142nd out of 199 countries with data for 2024.
- Is imports of goods and services rising or falling in Madagascar?
- Over the last ten years it is up 35.2%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.