Net primary income (BoP, current US$) in Madagascar
Madagascar: Net primary income (BoP, current US$) was -419.06 million BoP, current US$ in 2025. ◆ Volatile
Net primary income in Madagascar, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, net primary income in Madagascar stood at -419.06 million BoP, current US$.
Compared with earlier readings it is up 12.5% on the previous year and up 2.1% over ten years.
Over the whole period, net primary income in Madagascar peaked at -5.70 million BoP, current US$ in 1977 and was at its lowest, -491.23 million BoP, current US$, in 2019.
Madagascar ranks 98th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net primary income (BoP, current US$) in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -17.82 million BoP, current US$ | — |
| 1975 | -16.89 million BoP, current US$ | -5.2% |
| 1976 | -16.87 million BoP, current US$ | -0.2% |
| 1977 | -5.70 million BoP, current US$ | -66.2% |
| 1978 | -7.27 million BoP, current US$ | +27.5% |
| 1979 | -27.22 million BoP, current US$ | +274.5% |
| 1980 | -43.88 million BoP, current US$ | +61.2% |
| 1981 | -88.33 million BoP, current US$ | +101.3% |
| 1982 | -95.27 million BoP, current US$ | +7.9% |
| 1983 | -118.13 million BoP, current US$ | +24.0% |
| 1984 | -146.03 million BoP, current US$ | +23.6% |
| 1985 | -128.83 million BoP, current US$ | -11.8% |
| 1986 | -155.09 million BoP, current US$ | +20.4% |
| 1987 | -174.70 million BoP, current US$ | +12.6% |
| 1988 | -179.28 million BoP, current US$ | +2.6% |
| 1989 | -189.32 million BoP, current US$ | +5.6% |
| 1990 | -160.91 million BoP, current US$ | -15.0% |
| 1991 | -161.19 million BoP, current US$ | +0.2% |
| 1992 | -147.07 million BoP, current US$ | -8.8% |
| 1993 | -150.94 million BoP, current US$ | +2.6% |
| 1994 | -155.34 million BoP, current US$ | +2.9% |
| 1995 | -166.74 million BoP, current US$ | +7.3% |
| 1996 | -162.75 million BoP, current US$ | -2.4% |
| 1997 | -94.96 million BoP, current US$ | -41.7% |
| 1998 | -78.28 million BoP, current US$ | -17.6% |
| 1999 | -42.47 million BoP, current US$ | -45.7% |
| 2000 | -41.73 million BoP, current US$ | -1.7% |
| 2001 | -82.36 million BoP, current US$ | +97.3% |
| 2002 | -132.04 million BoP, current US$ | +60.3% |
| 2003 | -77.15 million BoP, current US$ | -41.6% |
| 2004 | -74.15 million BoP, current US$ | -3.9% |
| 2005 | -122.43 million BoP, current US$ | +65.1% |
| 2006 | -147.01 million BoP, current US$ | +20.1% |
| 2007 | -85.97 million BoP, current US$ | -41.5% |
| 2008 | -99.82 million BoP, current US$ | +16.1% |
| 2009 | -146.86 million BoP, current US$ | +47.1% |
| 2010 | -179.34 million BoP, current US$ | +22.1% |
| 2011 | -211.86 million BoP, current US$ | +18.1% |
| 2012 | -371.13 million BoP, current US$ | +75.2% |
| 2013 | -423.37 million BoP, current US$ | +14.1% |
| 2014 | -349.90 million BoP, current US$ | -17.4% |
| 2015 | -428.24 million BoP, current US$ | +22.4% |
| 2016 | -469.14 million BoP, current US$ | +9.6% |
| 2017 | -416.27 million BoP, current US$ | -11.3% |
| 2018 | -460.46 million BoP, current US$ | +10.6% |
| 2019 | -491.23 million BoP, current US$ | +6.7% |
| 2020 | -384.95 million BoP, current US$ | -21.6% |
| 2021 | -310.10 million BoP, current US$ | -19.4% |
| 2022 | -419.51 million BoP, current US$ | +35.3% |
| 2023 | -360.09 million BoP, current US$ | -14.2% |
| 2024 | -479.14 million BoP, current US$ | +33.1% |
| 2025 | -419.06 million BoP, current US$ | -12.5% |
Madagascar compared with similar countries
- Madagascar's -419.06 million BoP, current US$ is below the median for low income countries, which is -348.88 million BoP, current US$, 1.2× the median. (23 countries reporting)
- Madagascar's -419.06 million BoP, current US$ is below the median for Sub-Saharan Africa, which is -353.19 million BoP, current US$, 1.2× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net primary income (BoP, current US$) 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 |
|---|---|---|---|
| 1979 | -274.5% | -7.27 million BoP, current US$ | -27.22 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -15.29 million BoP, current US$ | -27.22 million BoP, current US$ | -5.70 million BoP, current US$ | 6 |
| 1980s | -131.89 million BoP, current US$ | -189.32 million BoP, current US$ | -43.88 million BoP, current US$ | 10 |
| 1990s | -132.07 million BoP, current US$ | -166.74 million BoP, current US$ | -42.47 million BoP, current US$ | 10 |
| 2000s | -100.95 million BoP, current US$ | -147.01 million BoP, current US$ | -41.73 million BoP, current US$ | 10 |
| 2010s | -380.09 million BoP, current US$ | -491.23 million BoP, current US$ | -179.34 million BoP, current US$ | 10 |
| 2020s | -395.48 million BoP, current US$ | -479.14 million BoP, current US$ | -310.10 million BoP, current US$ | 6 |
Countries ranked near Madagascar
- 95 Fiji -370.14 million BoP, current US$ compare
- 96 Botswana -383.14 million BoP, current US$ compare
- 97 South Sudan -393.85 million BoP, current US$ compare
- 99 Eswatini -419.14 million BoP, current US$ compare
- 100 Estonia -443.42 million BoP, current US$ compare
- 101 Latvia -463.35 million BoP, current US$ compare
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 net primary income in Madagascar?
- Net primary income in Madagascar was -419.06 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net primary income recorded in Madagascar?
- The highest recorded value was -5.70 million BoP, current US$ in 1977.
- What is the lowest net primary income recorded in Madagascar?
- The lowest recorded value was -491.23 million BoP, current US$ in 2019.
- How does Madagascar rank for net primary income?
- Madagascar ranks 98th out of 200 countries with data for 2025.
- Is net primary income rising or falling in Madagascar?
- Over the last ten years it is up 2.1%. 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 primary income (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net primary income includes the net labor income and net property and entrepreneurial income components of the SNA. Labor income covers compensation of employees paid to nonresident workers. Property and entrepreneurial income covers investment income from the ownership of foreign financial claims (interest, dividends, rent, etc.) and nonfinancial property income (patents, copyrights, etc.). 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.