Merchandise trade as a proportion of GDP in Madagascar
Madagascar: Merchandise trade as a proportion of GDP was 42.6% in 2024. ▲ Rising
Latest (2024)
42.6%
Change on year
down 17.7%
World rank
126th
of 188 countries
All-time high
59.9%
in 2022
All-time low
20.8%
in 2002
Years of data
25
2000–2024
Merchandise trade as a proportion of GDP in Madagascar, 2000–2024
Source: United Nations Statistics Division, SDG Global Database.
Analysis
Madagascar recorded 42.6% for merchandise trade as a proportion of gdp in 2024.
That represents a change of down 17.7% on the previous year and down 1.7% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Madagascar peaked at 59.9% in 2022 and was at its lowest, 20.8%, in 2002.
Madagascar ranks 126th of 188 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 41.5% | — |
| 2001 | 37.6% | -9.3% |
| 2002 | 20.8% | -44.7% |
| 2003 | 33.9% | +63.0% |
| 2004 | 52.8% | +55.6% |
| 2005 | 43.7% | -17.2% |
| 2006 | 43.6% | -0.2% |
| 2007 | 45.4% | +4.2% |
| 2008 | 47.5% | +4.5% |
| 2009 | 44.2% | -6.9% |
| 2010 | 37.4% | -15.4% |
| 2011 | 38.9% | +4.1% |
| 2012 | 39.8% | +2.3% |
| 2013 | 41.7% | +4.8% |
| 2014 | 43.3% | +3.8% |
| 2015 | 42.8% | -1.2% |
| 2016 | 44.1% | +3.0% |
| 2017 | 49.5% | +12.3% |
| 2018 | 52.1% | +5.4% |
| 2019 | 47.1% | -9.7% |
| 2020 | 40.2% | -14.6% |
| 2021 | 49.7% | +23.7% |
| 2022 | 59.9% | +20.4% |
| 2023 | 51.7% | -13.7% |
| 2024 | 42.6% | -17.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 41.1% | 20.8% | 52.8% | 10 |
| 2010s | 43.7% | 37.4% | 52.1% | 10 |
| 2020s | 48.8% | 40.2% | 59.9% | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Imports of goods and services (constant 2015 US$), annual growth rate 4.02 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3554 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 212.95 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -35.58 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -35.71 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 10.52 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 983.07 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 589,120 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 1.59 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) 0.1787 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Madagascar?
- Merchandise trade as a proportion of gdp in Madagascar was 42.6% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Madagascar?
- The highest recorded value was 59.9% in 2022.
- What is the lowest merchandise trade as a proportion of gdp recorded in Madagascar?
- The lowest recorded value was 20.8% in 2002.
- How does Madagascar rank for merchandise trade as a proportion of gdp?
- Madagascar ranks 126th out of 188 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Madagascar?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).