Net financial account in Madagascar
Madagascar: Net financial account was -593.04 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-593.04 million BoP, current US$
Change on year
up 20.7%
World rank
116th
of 199 countries
All-time high
1.98 billion BoP, current US$
in 2006
All-time low
-1.69 billion BoP, current US$
in 2009
Years of data
51
1974–2024
Net financial account in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net financial account in Madagascar stood at -593.04 million BoP, current US$.
That represents a change of up 20.7% on the previous year and down 2,727.9% over ten years.
Over the whole period, net financial account in Madagascar peaked at 1.98 billion BoP, current US$ in 2006 and was at its lowest, -1.69 billion BoP, current US$, in 2009.
Madagascar ranks 116th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial account in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -43.04 million BoP, current US$ | — |
| 1975 | -60.38 million BoP, current US$ | +40.3% |
| 1976 | -17.16 million BoP, current US$ | -71.6% |
| 1977 | -22.18 million BoP, current US$ | +29.3% |
| 1978 | -24.46 million BoP, current US$ | +10.3% |
| 1979 | -366.54 million BoP, current US$ | +1398.4% |
| 1980 | -610.80 million BoP, current US$ | +66.6% |
| 1981 | -355.83 million BoP, current US$ | -41.7% |
| 1982 | -213.81 million BoP, current US$ | -39.9% |
| 1983 | -246.08 million BoP, current US$ | +15.1% |
| 1984 | -184.19 million BoP, current US$ | -25.1% |
| 1985 | -174.78 million BoP, current US$ | -5.1% |
| 1986 | -142.91 million BoP, current US$ | -18.2% |
| 1987 | -157.28 million BoP, current US$ | +10.1% |
| 1988 | -102.27 million BoP, current US$ | -35.0% |
| 1989 | -128.17 million BoP, current US$ | +25.3% |
| 1990 | -264.57 million BoP, current US$ | +106.4% |
| 1991 | -227.27 million BoP, current US$ | -14.1% |
| 1992 | -174.54 million BoP, current US$ | -23.2% |
| 1993 | -171.46 million BoP, current US$ | -1.8% |
| 1994 | -153.77 million BoP, current US$ | -10.3% |
| 1995 | -132.45 million BoP, current US$ | -13.9% |
| 1996 | -88.99 million BoP, current US$ | -32.8% |
| 1997 | -62.13 million BoP, current US$ | -30.2% |
| 1998 | -211.10 million BoP, current US$ | +239.8% |
| 1999 | -70.83 million BoP, current US$ | -66.4% |
| 2000 | -107.83 million BoP, current US$ | +52.2% |
| 2001 | -84.44 million BoP, current US$ | -21.7% |
| 2002 | -354.47 million BoP, current US$ | +319.8% |
| 2003 | -117.98 million BoP, current US$ | -66.7% |
| 2004 | -252.18 million BoP, current US$ | +113.8% |
| 2005 | -281.31 million BoP, current US$ | +11.6% |
| 2006 | 1.98 billion BoP, current US$ | -803.5% |
| 2007 | -738.53 million BoP, current US$ | -137.3% |
| 2008 | -1.40 billion BoP, current US$ | +89.0% |
| 2009 | -1.69 billion BoP, current US$ | +21.4% |
| 2010 | -903.34 million BoP, current US$ | -46.7% |
| 2011 | -557.06 million BoP, current US$ | -38.3% |
| 2012 | -670.34 million BoP, current US$ | +20.3% |
| 2013 | -541.13 million BoP, current US$ | -19.3% |
| 2014 | -20.97 million BoP, current US$ | -96.1% |
| 2015 | -64.91 million BoP, current US$ | +209.5% |
| 2016 | 312.81 million BoP, current US$ | -581.9% |
| 2017 | 167.61 million BoP, current US$ | -46.4% |
| 2018 | 139.23 million BoP, current US$ | -16.9% |
| 2019 | 30.20 million BoP, current US$ | -78.3% |
| 2020 | -397.63 million BoP, current US$ | -1416.8% |
| 2021 | -663.40 million BoP, current US$ | +66.8% |
| 2022 | -735.11 million BoP, current US$ | +10.8% |
| 2023 | -747.94 million BoP, current US$ | +1.7% |
| 2024 | -593.04 million BoP, current US$ | -20.7% |
Madagascar compared with similar countries
- Madagascar's -593.04 million BoP, current US$ is below the median for low income countries, which is -532.60 million BoP, current US$, 1.1× the median. (23 countries reporting)
- Madagascar's -593.04 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -534.57 million BoP, current US$, 1.1× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net financial account in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2020 | -1416.8% | 30.20 million BoP, current US$ | -397.63 million BoP, current US$ |
| 1979 | -1398.4% | -24.46 million BoP, current US$ | -366.54 million BoP, current US$ |
| 2006 | +803.5% | -281.31 million BoP, current US$ | 1.98 billion BoP, current US$ |
| 2016 | +581.9% | -64.91 million BoP, current US$ | 312.81 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -88.96 million BoP, current US$ | -366.54 million BoP, current US$ | -17.16 million BoP, current US$ | 6 |
| 1980s | -231.61 million BoP, current US$ | -610.80 million BoP, current US$ | -102.27 million BoP, current US$ | 10 |
| 1990s | -155.71 million BoP, current US$ | -264.57 million BoP, current US$ | -62.13 million BoP, current US$ | 10 |
| 2000s | -304.82 million BoP, current US$ | -1.69 billion BoP, current US$ | 1.98 billion BoP, current US$ | 10 |
| 2010s | -210.79 million BoP, current US$ | -903.34 million BoP, current US$ | 312.81 million BoP, current US$ | 10 |
| 2020s | -627.43 million BoP, current US$ | -747.94 million BoP, current US$ | -397.63 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 113 Kenya -534.57 million BoP, current US$ compare
- 114 Cambodia -552.06 million BoP, current US$ compare
- 115 Curacao -587.21 million BoP, current US$ compare
- 117 Nicaragua -596.58 million BoP, current US$ compare
- 118 Kosovo -713.77 million BoP, current US$ compare
- 118 Kosovo (UNSCR 1244) -713.77 million BoP, current US$ compare
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 net financial account in Madagascar?
- Net financial account in Madagascar was -593.04 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net financial account recorded in Madagascar?
- The highest recorded value was 1.98 billion BoP, current US$ in 2006.
- What is the lowest net financial account recorded in Madagascar?
- The lowest recorded value was -1.69 billion BoP, current US$ in 2009.
- How does Madagascar rank for net financial account?
- Madagascar ranks 116th out of 199 countries with data for 2024.
- Is net financial account rising or falling in Madagascar?
- Over the last ten years it is down 2,727.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net financial account (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The net financial account shows net acquisition and disposal of financial assets and liabilities. It measures how net lending to or borrowing from nonresidents is financed, and is conceptually equal to the sum of the balances on the current and capital accounts. 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.