Manufacturing, value added in Madagascar
Madagascar: Manufacturing, value added was 10.45 trillion current LCU in 2024. ◆ Volatile
Manufacturing, value added in Madagascar, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
In 2024, manufacturing, value added in Madagascar stood at 10.45 trillion current LCU. That is the highest value across all 18 years on record.
That represents a change of up 13.0% on the previous year and up 282.1% over ten years.
Over the whole period, manufacturing, value added in Madagascar peaked at 10.45 trillion current LCU in 2024 and was at its lowest, 1.46 trillion current LCU, in 2007.
Madagascar ranks 27th of 205 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Manufacturing, value added in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 2007 | 1.46 trillion current LCU | — |
| 2008 | 1.78 trillion current LCU | +21.3% |
| 2009 | 1.72 trillion current LCU | -3.0% |
| 2010 | 1.87 trillion current LCU | +8.5% |
| 2011 | 2.04 trillion current LCU | +9.2% |
| 2012 | 2.20 trillion current LCU | +7.9% |
| 2013 | 2.37 trillion current LCU | +7.4% |
| 2014 | 2.73 trillion current LCU | +15.5% |
| 2015 | 2.83 trillion current LCU | +3.4% |
| 2016 | 3.84 trillion current LCU | +35.8% |
| 2017 | 3.77 trillion current LCU | -1.7% |
| 2018 | 4.30 trillion current LCU | +14.0% |
| 2019 | 5.15 trillion current LCU | +19.8% |
| 2020 | 4.81 trillion current LCU | -6.6% |
| 2021 | 6.25 trillion current LCU | +30.0% |
| 2022 | 7.58 trillion current LCU | +21.3% |
| 2023 | 9.24 trillion current LCU | +21.9% |
| 2024 | 10.45 trillion current LCU | +13.0% |
Madagascar compared with similar countries
- Madagascar's 10.45 trillion current LCU is above the median for low income countries, which is 456.30 billion current LCU, 22.9× the median. (22 countries reporting)
- Madagascar's 10.45 trillion current LCU is above the median for Sub-Saharan Africa, which is 685.62 billion current LCU, 15.2× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.65 trillion current LCU | 1.46 trillion current LCU | 1.78 trillion current LCU | 3 |
| 2010s | 3.11 trillion current LCU | 1.87 trillion current LCU | 5.15 trillion current LCU | 10 |
| 2020s | 7.67 trillion current LCU | 4.81 trillion current LCU | 10.45 trillion current LCU | 5 |
Countries ranked near Madagascar
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 10.45 trillion current 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 10.45 trillion current LCU in 2024.
- What is the lowest manufacturing, value added recorded in Madagascar?
- The lowest recorded value was 1.46 trillion current LCU in 2007.
- How does Madagascar rank for manufacturing, value added?
- Madagascar ranks 27th out of 205 countries with data for 2024.
- Is manufacturing, value added rising or falling in Madagascar?
- Over the last ten years it is up 282.1%. 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 Manufacturing, value added (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.