Net trade in goods in Madagascar
Madagascar: Net trade in goods was -1.59 billion BoP, current US$ in 2024. ◆ Volatile
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$, in 2008.
That places Madagascar 120th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -32.03 million BoP, current US$ | -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
- External balance on goods and services as a percent of GDP -11.6% (2025)
- Inflation of consumer prices 8.1% (2025)
- GDP per capita 456.51 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.1% (2024)
- Gross domestic product (GDP) 14.95 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 456.51 constant 2015 US$ (2025)
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
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 198 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.
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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.