Manufacturing, value added in Madagascar
Madagascar: Manufacturing, value added was 2.14 trillion constant LCU in 2024. ▲ Rising
Manufacturing, value added in Madagascar, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
The most recent figure for manufacturing, value added in Madagascar is 2.14 trillion constant LCU, measured in 2024. That is the highest value across all 18 years on record.
Compared with earlier readings it is 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 2.14 trillion constant LCU in 2024 and was at its lowest, 1.40 trillion constant LCU, in 2010.
Madagascar ranks 33rd of 192 countries on this measure, in the top quarter.
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 LCU | Change |
|---|---|---|
| 2007 | 1.46 trillion constant LCU | — |
| 2008 | 1.55 trillion constant LCU | +6.0% |
| 2009 | 1.42 trillion constant LCU | -8.2% |
| 2010 | 1.40 trillion constant LCU | -1.9% |
| 2011 | 1.40 trillion constant LCU | +0.5% |
| 2012 | 1.44 trillion constant LCU | +2.2% |
| 2013 | 1.41 trillion constant LCU | -2.2% |
| 2014 | 1.44 trillion constant LCU | +2.5% |
| 2015 | 1.48 trillion constant LCU | +2.8% |
| 2016 | 1.56 trillion constant LCU | +5.6% |
| 2017 | 1.63 trillion constant LCU | +4.3% |
| 2018 | 1.71 trillion constant LCU | +4.8% |
| 2019 | 1.79 trillion constant LCU | +4.6% |
| 2020 | 1.57 trillion constant LCU | -12.1% |
| 2021 | 1.79 trillion constant LCU | +13.8% |
| 2022 | 1.93 trillion constant LCU | +8.0% |
| 2023 | 1.96 trillion constant LCU | +1.2% |
| 2024 | 2.14 trillion constant LCU | +9.2% |
Madagascar compared with similar countries
- Madagascar's 2.14 trillion constant LCU is above the median for low income countries, which is 214.34 billion constant LCU, 10.0× the median. (20 countries reporting)
- Madagascar's 2.14 trillion constant LCU is above the median for Sub-Saharan Africa, which is 273.21 billion constant LCU, 7.8× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.48 trillion constant LCU | 1.42 trillion constant LCU | 1.55 trillion constant LCU | 3 |
| 2010s | 1.53 trillion constant LCU | 1.40 trillion constant LCU | 1.79 trillion constant LCU | 10 |
| 2020s | 1.88 trillion constant LCU | 1.57 trillion constant LCU | 2.14 trillion constant LCU | 5 |
Countries ranked near Madagascar
- 30 Lebanon 2.49 trillion constant LCU compare
- 31 Senegal 2.48 trillion constant LCU compare
- 32 Sri Lanka 2.17 trillion constant LCU compare
- 34 Kazakhstan 2.10 trillion constant LCU compare
- 35 Rwanda 1.79 trillion constant LCU compare
- 36 Democratic Republic of Congo 1.63 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 manufacturing, value added in Madagascar?
- Manufacturing, value added in Madagascar was 2.14 trillion constant LCU 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 2.14 trillion constant LCU in 2024.
- What is the lowest manufacturing, value added recorded in Madagascar?
- The lowest recorded value was 1.40 trillion constant LCU in 2010.
- How does Madagascar rank for manufacturing, value added?
- Madagascar ranks 33rd out of 192 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 varies by country. This series is expressed in local currency units.