Manufacturing, value added in Madagascar
Madagascar: Manufacturing, value added was 1.39 billion constant 2015 US$ in 2024. ▲ Rising
Manufacturing, value added in Madagascar, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
Madagascar recorded 1.39 billion constant 2015 US$ for manufacturing, value added in 2024. That is the highest value across all 18 years on record.
That represents a change of up 9.2% on the previous year and up 48.3% over ten years.
Over the whole period, manufacturing, value added in Madagascar peaked at 1.39 billion constant 2015 US$ in 2024 and was at its lowest, 908.78 million constant 2015 US$, in 2010.
That places Madagascar 124th out of 186 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Manufacturing, value added in Madagascar, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2007 | 951.90 million constant 2015 US$ | — |
| 2008 | 1.01 billion constant 2015 US$ | +6.0% |
| 2009 | 926.20 million constant 2015 US$ | -8.2% |
| 2010 | 908.78 million constant 2015 US$ | -1.9% |
| 2011 | 913.72 million constant 2015 US$ | +0.5% |
| 2012 | 933.86 million constant 2015 US$ | +2.2% |
| 2013 | 913.76 million constant 2015 US$ | -2.2% |
| 2014 | 936.66 million constant 2015 US$ | +2.5% |
| 2015 | 963.33 million constant 2015 US$ | +2.8% |
| 2016 | 1.02 billion constant 2015 US$ | +5.6% |
| 2017 | 1.06 billion constant 2015 US$ | +4.3% |
| 2018 | 1.11 billion constant 2015 US$ | +4.8% |
| 2019 | 1.16 billion constant 2015 US$ | +4.6% |
| 2020 | 1.02 billion constant 2015 US$ | -12.1% |
| 2021 | 1.16 billion constant 2015 US$ | +13.8% |
| 2022 | 1.26 billion constant 2015 US$ | +8.0% |
| 2023 | 1.27 billion constant 2015 US$ | +1.2% |
| 2024 | 1.39 billion constant 2015 US$ | +9.2% |
Madagascar compared with similar countries
- Madagascar's 1.39 billion constant 2015 US$ is above the median for low income countries, which is 1.29 billion constant 2015 US$, 1.1× the median. (17 countries reporting)
- Madagascar's 1.39 billion constant 2015 US$ is below the median for Sub-Saharan Africa, which is 1.46 billion constant 2015 US$, 95% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 962.32 million constant 2015 US$ | 926.20 million constant 2015 US$ | 1.01 billion constant 2015 US$ | 3 |
| 2010s | 992.38 million constant 2015 US$ | 908.78 million constant 2015 US$ | 1.16 billion constant 2015 US$ | 10 |
| 2020s | 1.22 billion constant 2015 US$ | 1.02 billion constant 2015 US$ | 1.39 billion constant 2015 US$ | 5 |
Countries ranked near Madagascar
- 121 Cyprus 1.45 billion constant 2015 US$ compare
- 122 North Macedonia 1.40 billion constant 2015 US$ compare
- 123 Jamaica 1.39 billion constant 2015 US$ compare
- 125 Chad 1.32 billion constant 2015 US$ compare
- 126 Mongolia 1.32 billion constant 2015 US$ compare
- 127 Kosovo 1.32 billion constant 2015 US$ compare
- 127 Kosovo (UNSCR 1244) 1.32 billion constant 2015 US$ 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 manufacturing, value added in Madagascar?
- Manufacturing, value added in Madagascar was 1.39 billion constant 2015 US$ in 2024, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest manufacturing, value added recorded in Madagascar?
- The highest recorded value was 1.39 billion constant 2015 US$ in 2024.
- What is the lowest manufacturing, value added recorded in Madagascar?
- The lowest recorded value was 908.78 million constant 2015 US$ in 2010.
- How does Madagascar rank for manufacturing, value added?
- Madagascar ranks 124th out of 186 countries with data for 2024.
- Is manufacturing, value added rising or falling in Madagascar?
- Over the last ten years it is up 48.3%. 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 Manufacturing, value added (constant 2015 US$). Statizoid updates them automatically from the source API.
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About this data
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 is 2015. This indicator is expressed in United States dollars.