Personal remittances, paid in Madagascar
Madagascar: Personal remittances, paid was 86.16 million current US$ in 2024. ◆ Volatile
Personal remittances, paid in Madagascar, 1974–2024
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Madagascar recorded 86.16 million current US$ for personal remittances, paid in 2024.
The figure is up 12.0% on the previous year and up 73.2% over ten years.
Over the whole period, personal remittances, paid in Madagascar peaked at 99.98 million current US$ in 2022 and was at its lowest, 4.71 million current US$, in 2002.
Madagascar ranks 144th of 196 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, paid in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 20.32 million current US$ | — |
| 1975 | 37.33 million current US$ | +83.7% |
| 1976 | 34.74 million current US$ | -6.9% |
| 1977 | 26.01 million current US$ | -25.1% |
| 1978 | 27.39 million current US$ | +5.3% |
| 1979 | 26.33 million current US$ | -3.9% |
| 1980 | 31.24 million current US$ | +18.7% |
| 1981 | 23.33 million current US$ | -25.3% |
| 1982 | 20.10 million current US$ | -13.8% |
| 1983 | 12.20 million current US$ | -39.3% |
| 1984 | 10.65 million current US$ | -12.7% |
| 1985 | 14.43 million current US$ | +35.5% |
| 1986 | 16.31 million current US$ | +13.0% |
| 1987 | 11.91 million current US$ | -27.0% |
| 1988 | 13.84 million current US$ | +16.3% |
| 1989 | 13.46 million current US$ | -2.8% |
| 1990 | 17.50 million current US$ | +30.0% |
| 1991 | 9.99 million current US$ | -42.9% |
| 1992 | 9.44 million current US$ | -5.6% |
| 1993 | 6.70 million current US$ | -29.0% |
| 1994 | 8.45 million current US$ | +26.1% |
| 1995 | 11.08 million current US$ | +31.1% |
| 1996 | 13.21 million current US$ | +19.3% |
| 1997 | 15.13 million current US$ | +14.5% |
| 1998 | 13.00 million current US$ | -14.0% |
| 1999 | 11.21 million current US$ | -13.7% |
| 2000 | 11.90 million current US$ | +6.2% |
| 2001 | 11.42 million current US$ | -4.1% |
| 2002 | 4.71 million current US$ | -58.7% |
| 2003 | 17.92 million current US$ | +280.2% |
| 2004 | 9.00 million current US$ | -49.8% |
| 2005 | 23.16 million current US$ | +157.3% |
| 2006 | 27.21 million current US$ | +17.5% |
| 2007 | 38.24 million current US$ | +40.5% |
| 2008 | 40.56 million current US$ | +6.1% |
| 2009 | 49.54 million current US$ | +22.1% |
| 2010 | 58.91 million current US$ | +18.9% |
| 2011 | 54.21 million current US$ | -8.0% |
| 2012 | 63.11 million current US$ | +16.4% |
| 2013 | 55.20 million current US$ | -12.5% |
| 2014 | 49.75 million current US$ | -9.9% |
| 2015 | 57.98 million current US$ | +16.5% |
| 2016 | 47.66 million current US$ | -17.8% |
| 2017 | 63.49 million current US$ | +33.2% |
| 2018 | 74.27 million current US$ | +17.0% |
| 2019 | 63.24 million current US$ | -14.8% |
| 2020 | 42.95 million current US$ | -32.1% |
| 2021 | 54.09 million current US$ | +26.0% |
| 2022 | 99.98 million current US$ | +84.8% |
| 2023 | 76.91 million current US$ | -23.1% |
| 2024 | 86.16 million current US$ | +12.0% |
Madagascar compared with similar countries
- Madagascar's 86.16 million current US$ is below the median for low income countries, which is 169.77 million current US$, 51% of the median. (23 countries reporting)
- Madagascar's 86.16 million current US$ is below the median for Sub-Saharan Africa, which is 104.72 million current US$, 82% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, paid in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +280.2% | 4.71 million current US$ | 17.92 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.68 million current US$ | 20.32 million current US$ | 37.33 million current US$ | 6 |
| 1980s | 16.75 million current US$ | 10.65 million current US$ | 31.24 million current US$ | 10 |
| 1990s | 11.57 million current US$ | 6.70 million current US$ | 17.50 million current US$ | 10 |
| 2000s | 23.37 million current US$ | 4.71 million current US$ | 49.54 million current US$ | 10 |
| 2010s | 58.78 million current US$ | 47.66 million current US$ | 74.27 million current US$ | 10 |
| 2020s | 72.02 million current US$ | 42.95 million current US$ | 99.98 million current US$ | 5 |
Countries ranked near Madagascar
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 personal remittances, paid in Madagascar?
- Personal remittances, paid in Madagascar was 86.16 million current US$ in 2024, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, paid recorded in Madagascar?
- The highest recorded value was 99.98 million current US$ in 2022.
- What is the lowest personal remittances, paid recorded in Madagascar?
- The lowest recorded value was 4.71 million current US$ in 2002.
- How does Madagascar rank for personal remittances, paid?
- Madagascar ranks 144th out of 196 countries with data for 2024.
- Is personal remittances, paid rising or falling in Madagascar?
- Over the last ten years it is up 73.2%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from IMF balance of payments data, International Monetary Fund (IMF), published as part of Personal remittances, paid (current US$). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees. Data are in current U.S. dollars.