Inflation, GDP deflator in Madagascar
Madagascar: Inflation, GDP deflator 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 212 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 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% |
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
- GNI (current LCU), annual growth rate 12.12 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 4,425 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 2.65 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 5.83 % change on previous year (2025)
- Net primary income (Net income from abroad) (current LCU), annual 5.74 % change on previous year (2025)
- Taxes less subsidies on products (current US$), annual growth rate 11.52 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.0756 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 45.33 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 11.63 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 342.64 current LCU per US$ of GDP (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 212 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.