Manufacturing, value added (constant LCU) in Madagascar
Madagascar: Manufacturing, value added (constant LCU) 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 (constant LCU) 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
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- 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)
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.
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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 varies by country. This series is expressed in local currency units.