Inflation, GDP deflator (annual %) in Madagascar
Madagascar: Inflation, GDP deflator (annual %) was 8.4% in 2025. ◆ Volatile
Inflation, GDP deflator in Madagascar, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator in Madagascar stood at 8.4%.
That represents a change of up 12.7% on the previous year and up 28.8% over ten years.
Over the whole period, inflation, gdp deflator in Madagascar peaked at 49.0% in 1995 and was at its lowest, -1.7%, in 2003.
Madagascar ranks 33rd of 214 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator (annual %) in Madagascar, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | 1.8% | — |
| 1962 | 3.4% | +89.5% |
| 1963 | 3.7% | +8.4% |
| 1964 | 1.7% | -55.1% |
| 1965 | 4.3% | +162.9% |
| 1966 | 5.8% | +33.9% |
| 1967 | 0.7% | -88.4% |
| 1968 | 1.0% | +44.1% |
| 1969 | 3.9% | +298.0% |
| 1970 | 6.9% | +78.7% |
| 1971 | 3.6% | -48.0% |
| 1972 | 3.0% | -15.7% |
| 1973 | 11.9% | +293.5% |
| 1974 | 22.8% | +91.6% |
| 1975 | 4.7% | -79.4% |
| 1976 | 9.9% | +111.6% |
| 1977 | 8.6% | -13.4% |
| 1978 | 6.8% | -20.9% |
| 1979 | 11.3% | +66.7% |
| 1980 | 47.8% | +321.7% |
| 1981 | 30.5% | -36.2% |
| 1982 | 31.9% | +4.8% |
| 1983 | 19.5% | -39.0% |
| 1984 | 9.7% | -50.1% |
| 1985 | 10.6% | +8.7% |
| 1986 | 14.5% | +37.2% |
| 1987 | 15.5% | +6.7% |
| 1988 | 26.3% | +70.4% |
| 1989 | 9.0% | -65.8% |
| 1990 | 11.9% | +31.5% |
| 1991 | 8.5% | -28.0% |
| 1992 | 14.6% | +70.6% |
| 1993 | 10.0% | -31.4% |
| 1994 | 39.0% | +290.3% |
| 1995 | 49.0% | +25.8% |
| 1996 | 19.8% | -59.7% |
| 1997 | 4.5% | -77.3% |
| 1998 | 6.2% | +38.2% |
| 1999 | 7.2% | +15.8% |
| 2000 | 11.6% | +60.9% |
| 2001 | 7.9% | -31.6% |
| 2002 | 16.5% | +108.4% |
| 2003 | -1.7% | -110.3% |
| 2004 | 14.0% | -919.0% |
| 2005 | 18.4% | +31.6% |
| 2006 | 10.8% | -41.4% |
| 2007 | 10.3% | -4.4% |
| 2008 | 7.5% | -27.2% |
| 2009 | 6.9% | -7.4% |
| 2010 | 10.2% | +47.5% |
| 2011 | 10.4% | +1.6% |
| 2012 | 5.5% | -47.4% |
| 2013 | 5.5% | -0.3% |
| 2014 | 6.7% | +23.5% |
| 2015 | 6.5% | -3.4% |
| 2016 | 9.0% | +37.8% |
| 2017 | 5.0% | -44.6% |
| 2018 | 8.3% | +67.2% |
| 2019 | 6.5% | -21.4% |
| 2020 | 4.3% | -33.9% |
| 2021 | 6.3% | +45.4% |
| 2022 | 9.8% | +55.7% |
| 2023 | 8.4% | -13.5% |
| 2024 | 7.4% | -12.0% |
| 2025 | 8.4% | +12.7% |
Madagascar compared with similar countries
- Madagascar's 8.4% is above the median for low income countries, which is 7.8%, 1.1× the median. (24 countries reporting)
- Madagascar's 8.4% is above the median for Sub-Saharan Africa, which is 4.3%, 1.9× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Inflation, GDP deflator (annual %) 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 |
|---|---|---|---|
| 2004 | +919.0% | -1.7% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.9% | 0.7% | 5.8% | 9 |
| 1970s | 9.0% | 3.0% | 22.8% | 10 |
| 1980s | 21.5% | 9.0% | 47.8% | 10 |
| 1990s | 17.1% | 4.5% | 49.0% | 10 |
| 2000s | 10.2% | -1.7% | 18.4% | 10 |
| 2010s | 7.4% | 5.0% | 10.4% | 10 |
| 2020s | 7.4% | 4.3% | 9.8% | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator in Madagascar?
- Inflation, gdp deflator in Madagascar was 8.4% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Madagascar?
- The highest recorded value was 49.0% in 1995.
- What is the lowest inflation, gdp deflator recorded in Madagascar?
- The lowest recorded value was -1.7% in 2003.
- How does Madagascar rank for inflation, gdp deflator?
- Madagascar ranks 33rd out of 214 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Madagascar?
- Over the last ten years it is up 28.8%. 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 Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.