Manufacturing, value added (current US$) in Madagascar
Madagascar: Manufacturing, value added (current US$) was 2.31 billion current US$ in 2024. ▲ Rising
Manufacturing, value added in Madagascar, 2007–2024
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
Madagascar recorded 2.31 billion current US$ for manufacturing, value added in 2024. That is the highest value across all 18 years on record.
The figure is up 10.6% on the previous year and up 103.9% over ten years.
Over the whole period, manufacturing, value added in Madagascar peaked at 2.31 billion current US$ in 2024 and was at its lowest, 781.11 million current US$, in 2007.
Madagascar ranks 117th of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Manufacturing, value added (current US$) in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 2007 | 781.11 million current US$ | — |
| 2008 | 1.04 billion current US$ | +33.1% |
| 2009 | 880.80 million current US$ | -15.3% |
| 2010 | 894.35 million current US$ | +1.5% |
| 2011 | 1.01 billion current US$ | +12.7% |
| 2012 | 1.00 billion current US$ | -0.4% |
| 2013 | 1.07 billion current US$ | +6.9% |
| 2014 | 1.13 billion current US$ | +5.6% |
| 2015 | 963.33 million current US$ | -14.9% |
| 2016 | 1.21 billion current US$ | +25.4% |
| 2017 | 1.21 billion current US$ | +0.2% |
| 2018 | 1.29 billion current US$ | +6.5% |
| 2019 | 1.42 billion current US$ | +10.4% |
| 2020 | 1.27 billion current US$ | -10.8% |
| 2021 | 1.63 billion current US$ | +28.6% |
| 2022 | 1.85 billion current US$ | +13.4% |
| 2023 | 2.09 billion current US$ | +12.8% |
| 2024 | 2.31 billion current US$ | +10.6% |
Madagascar compared with similar countries
- Madagascar's 2.31 billion current US$ is above the median for low income countries, which is 1.31 billion current US$, 1.8× the median. (22 countries reporting)
- Madagascar's 2.31 billion current US$ is above the median for Sub-Saharan Africa, which is 1.49 billion current US$, 1.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 900.43 million current US$ | 781.11 million current US$ | 1.04 billion current US$ | 3 |
| 2010s | 1.12 billion current US$ | 894.35 million current US$ | 1.42 billion current US$ | 10 |
| 2020s | 1.83 billion current US$ | 1.27 billion current US$ | 2.31 billion current US$ | 5 |
Countries ranked near Madagascar
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 2.31 billion current 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 2.31 billion current US$ in 2024.
- What is the lowest manufacturing, value added recorded in Madagascar?
- The lowest recorded value was 781.11 million current US$ in 2007.
- How does Madagascar rank for manufacturing, value added?
- Madagascar ranks 117th 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 103.9%. 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 (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.