Net trade in goods in Madagascar
Madagascar: Net trade in goods was -1.59 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
-1.59 billion BoP, current US$
Change on year
down 67.1%
World rank
120th
of 200 countries
All-time high
38.91 million BoP, current US$
in 1977
All-time low
-1.90 billion BoP, current US$
in 2008
Years of data
51
1974–2024
Net trade in goods in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods in Madagascar is -1.59 billion BoP, current US$, measured in 2024.
Compared with earlier readings it is down 67.1% on the previous year and down 189.7% over ten years.
Over the whole period, net trade in goods in Madagascar peaked at 38.91 million BoP, current US$ in 1977 and was at its lowest, -1.90 billion BoP, current US$, in 2008.
That places Madagascar 120th out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 1.83 million BoP, current US$ | — |
| 1975 | -12.27 million BoP, current US$ | -771.3% |
| 1976 | 27.24 million BoP, current US$ | -322.0% |
| 1977 | 38.91 million BoP, current US$ | +42.8% |
| 1978 | 753,362 BoP, current US$ | -98.1% |
| 1979 | -248.64 million BoP, current US$ | -33103.5% |
| 1980 | -328.00 million BoP, current US$ | +31.9% |
| 1981 | -178.89 million BoP, current US$ | -45.5% |
| 1982 | -124.32 million BoP, current US$ | -30.5% |
| 1983 | -68.32 million BoP, current US$ | -45.0% |
| 1984 | -22.98 million BoP, current US$ | -66.4% |
| 1985 | -44.47 million BoP, current US$ | +93.5% |
| 1986 | -8.09 million BoP, current US$ | -81.8% |
| 1987 | 11.25 million BoP, current US$ | -239.1% |
| 1988 | -34.14 million BoP, current US$ | -403.4% |
| 1989 | 1.42 million BoP, current US$ | -104.1% |
| 1990 | -248.83 million BoP, current US$ | -17676.4% |
| 1991 | -95.09 million BoP, current US$ | -61.8% |
| 1992 | -118.33 million BoP, current US$ | +24.4% |
| 1993 | -130.28 million BoP, current US$ | +10.1% |
| 1994 | -41.66 million BoP, current US$ | -68.0% |
| 1995 | -23.37 million BoP, current US$ | -43.9% |
| 1996 | -78.54 million BoP, current US$ | +236.1% |
| 1997 | -220.31 million BoP, current US$ | +180.5% |
| 1998 | -198.64 million BoP, current US$ | -9.8% |
| 1999 | -168.64 million BoP, current US$ | -15.1% |
| 2000 | -216.33 million BoP, current US$ | +28.3% |
| 2001 | -157.96 million BoP, current US$ | -27.0% |
| 2002 | -395.52 million BoP, current US$ | +150.4% |
| 2003 | -298.67 million BoP, current US$ | -24.5% |
| 2004 | -480.03 million BoP, current US$ | +60.7% |
| 2005 | -618.34 million BoP, current US$ | +28.8% |
| 2006 | -564.83 million BoP, current US$ | -8.7% |
| 2007 | -1.00 billion BoP, current US$ | +77.9% |
| 2008 | -1.90 billion BoP, current US$ | +89.0% |
| 2009 | -1.65 billion BoP, current US$ | -13.1% |
| 2010 | -1.05 billion BoP, current US$ | -36.6% |
| 2011 | -996.70 million BoP, current US$ | -4.7% |
| 2012 | -1.11 billion BoP, current US$ | +11.8% |
| 2013 | -945.22 million BoP, current US$ | -15.1% |
| 2014 | -548.38 million BoP, current US$ | -42.0% |
| 2015 | -328.90 million BoP, current US$ | -40.0% |
| 2016 | -266.10 million BoP, current US$ | -19.1% |
| 2017 | -449.93 million BoP, current US$ | +69.1% |
| 2018 | -457.54 million BoP, current US$ | +1.7% |
| 2019 | -844.37 million BoP, current US$ | +84.5% |
| 2020 | -900.23 million BoP, current US$ | +6.6% |
| 2021 | -969.28 million BoP, current US$ | +7.7% |
| 2022 | -969.82 million BoP, current US$ | +0.1% |
| 2023 | -950.64 million BoP, current US$ | -2.0% |
| 2024 | -1.59 billion BoP, current US$ | +67.1% |
Madagascar compared with similar countries
- Madagascar's -1.59 billion BoP, current US$ is below the median for low income countries, which is -688.50 million BoP, current US$, 2.3× the median. (23 countries reporting)
- Madagascar's -1.59 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is -487.31 million BoP, current US$, 3.3× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | -33103.5% | 753,362 BoP, current US$ | -248.64 million BoP, current US$ |
| 1990 | -17676.4% | 1.42 million BoP, current US$ | -248.83 million BoP, current US$ |
| 1975 | -771.3% | 1.83 million BoP, current US$ | -12.27 million BoP, current US$ |
| 1988 | -403.4% | 11.25 million BoP, current US$ | -34.14 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -32.03 million BoP, current US$ | -248.64 million BoP, current US$ | 38.91 million BoP, current US$ | 6 |
| 1980s | -79.65 million BoP, current US$ | -328.00 million BoP, current US$ | 11.25 million BoP, current US$ | 10 |
| 1990s | -132.37 million BoP, current US$ | -248.83 million BoP, current US$ | -23.37 million BoP, current US$ | 10 |
| 2000s | -728.47 million BoP, current US$ | -1.90 billion BoP, current US$ | -157.96 million BoP, current US$ | 10 |
| 2010s | -699.66 million BoP, current US$ | -1.11 billion BoP, current US$ | -266.10 million BoP, current US$ | 10 |
| 2020s | -1.08 billion BoP, current US$ | -1.59 billion BoP, current US$ | -900.23 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 117 Curacao -1.27 billion BoP, current US$ compare
- 118 French Polynesia -1.31 billion BoP, current US$ compare
- 119 Cayman Islands -1.51 billion BoP, current US$ compare
- 121 Andorra -1.70 billion BoP, current US$ compare
- 122 Fiji -1.73 billion BoP, current US$ compare
- 123 Hong Kong -1.98 billion 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 trade in goods in Madagascar?
- Net trade in goods in Madagascar was -1.59 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods recorded in Madagascar?
- The highest recorded value was 38.91 million BoP, current US$ in 1977.
- What is the lowest net trade in goods recorded in Madagascar?
- The lowest recorded value was -1.90 billion BoP, current US$ in 2008.
- How does Madagascar rank for net trade in goods?
- Madagascar ranks 120th out of 200 countries with data for 2024.
- Is net trade in goods rising or falling in Madagascar?
- Over the last ten years it is down 189.7%. 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 trade in goods (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 balance of international trade in goods is the difference between the exports and imports of goods. 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.