Value of imported goods as a share of GDP in Madagascar
Madagascar: Value of imported goods as a share of GDP was 26.9% in 2024. ▲ Rising
Latest (2024)
26.9%
Change on year
down 8.1%
World rank
124th
of 201 countries
All-time high
35.2%
in 2022
All-time low
6.4%
in 1986
Years of data
65
1960–2024
Value of imported goods as a share of GDP in Madagascar, 1960–2024
Source: International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data. Measured in %.
Analysis
Madagascar recorded 26.9% for value of imported goods as a share of gdp in 2024.
That represents a change of down 8.1% on the previous year and up 9.2% over ten years.
Over the whole period, value of imported goods as a share of gdp in Madagascar peaked at 35.2% in 2022 and was at its lowest, 6.4%, in 1986.
Madagascar ranks 124th of 201 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 65 years of available data.
Value of imported goods as a share of GDP in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1960 | 15.8% | — |
| 1961 | 13.3% | -15.6% |
| 1962 | 14.9% | +12.1% |
| 1963 | 15.1% | +1.4% |
| 1964 | 15.1% | -0.2% |
| 1965 | 15.5% | +2.9% |
| 1966 | 14.3% | -7.8% |
| 1967 | 13.2% | -8.2% |
| 1968 | 14.0% | +6.4% |
| 1969 | 13.4% | -4.2% |
| 1970 | 11.9% | -10.9% |
| 1971 | 13.7% | +15.0% |
| 1972 | 11.5% | -16.3% |
| 1973 | 9.0% | -22.2% |
| 1974 | 8.5% | -5.3% |
| 1975 | 9.6% | +12.7% |
| 1976 | 10.8% | +13.0% |
| 1977 | 11.9% | +10.4% |
| 1978 | 12.5% | +4.4% |
| 1979 | 16.4% | +31.9% |
| 1980 | 8.6% | -47.9% |
| 1981 | 8.4% | -2.0% |
| 1982 | 7.2% | -14.1% |
| 1983 | 6.9% | -4.4% |
| 1984 | 7.1% | +2.7% |
| 1985 | 8.1% | +14.7% |
| 1986 | 6.4% | -20.8% |
| 1987 | 9.0% | +39.9% |
| 1988 | 9.0% | +0.4% |
| 1989 | 8.0% | -11.9% |
| 1990 | 11.0% | +38.7% |
| 1991 | 12.9% | +16.5% |
| 1992 | 11.9% | -7.3% |
| 1993 | 10.5% | -11.6% |
| 1994 | 11.1% | +5.1% |
| 1995 | 13.3% | +19.9% |
| 1996 | 11.6% | -12.6% |
| 1997 | 12.8% | +10.3% |
| 1998 | 10.5% | -18.0% |
| 1999 | 8.0% | -24.0% |
| 2000 | 14.6% | +82.4% |
| 2001 | 14.8% | +1.4% |
| 2002 | 10.5% | -28.8% |
| 2003 | 18.9% | +79.9% |
| 2004 | 30.7% | +62.2% |
| 2005 | 27.4% | -10.7% |
| 2006 | 26.2% | -4.3% |
| 2007 | 27.6% | +5.2% |
| 2008 | 32.8% | +18.9% |
| 2009 | 30.0% | -8.6% |
| 2010 | 25.4% | -15.4% |
| 2011 | 23.7% | -6.7% |
| 2012 | 19.7% | -16.9% |
| 2013 | 20.1% | +2.0% |
| 2014 | 24.7% | +22.8% |
| 2015 | 24.1% | -2.3% |
| 2016 | 23.7% | -1.5% |
| 2017 | 27.0% | +13.6% |
| 2018 | 27.5% | +1.9% |
| 2019 | 25.8% | -6.1% |
| 2020 | 23.9% | -7.4% |
| 2021 | 29.7% | +24.4% |
| 2022 | 35.2% | +18.5% |
| 2023 | 29.3% | -16.8% |
| 2024 | 26.9% | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 14.5% | 13.2% | 15.8% | 10 |
| 1970s | 11.6% | 8.5% | 16.4% | 10 |
| 1980s | 7.9% | 6.4% | 9.0% | 10 |
| 1990s | 11.4% | 8.0% | 13.3% | 10 |
| 2000s | 23.3% | 10.5% | 32.8% | 10 |
| 2010s | 24.2% | 19.7% | 27.5% | 10 |
| 2020s | 29.0% | 23.9% | 35.2% | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Households and NPISHs Final consumption expenditure (current LCU) 14.16 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 3,298 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 1.98 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 2.97 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.5615 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 336.51 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 13.42 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.8743 current US$ per US$ of GDP (2025)
- Final consumption expenditure (current US$), per capita 523.91 current US$ per person (2025)
- Final consumption expenditure (current LCU), annual growth rate 13.53 % change on previous year (2025)
Frequently asked questions
- What is value of imported goods as a share of gdp in Madagascar?
- Value of imported goods as a share of gdp in Madagascar was 26.9% in 2024, according to International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data.
- What is the highest value of imported goods as a share of gdp recorded in Madagascar?
- The highest recorded value was 35.2% in 2022.
- What is the lowest value of imported goods as a share of gdp recorded in Madagascar?
- The lowest recorded value was 6.4% in 1986.
- How does Madagascar rank for value of imported goods as a share of gdp?
- Madagascar ranks 124th out of 201 countries with data for 2024.
- Is value of imported goods as a share of gdp rising or falling in Madagascar?
- Over the last ten years it is up 9.2%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with major processing by Our World in Data, published as part of Value of imported goods as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Value of a country’s total goods imports, including freight and insurance costs, as a percentage of a country’s gross domestic product (GDP).