Personal remittances, paid (current US$) (IMF balance) in Madagascar
Madagascar: Personal remittances, paid (current US$) (IMF balance) was 78.70 million current US$ in 2025. ◆ Volatile
Personal remittances, paid in Madagascar, 1974–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
Madagascar recorded 78.70 million current US$ for personal remittances, paid in 2025.
The figure is down 8.7% on the previous year and up 35.7% 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$, in 2002.
Madagascar ranks 148th of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, paid (current US$) (IMF balance) 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% |
| 2025 | 78.70 million current US$ | -8.7% |
Madagascar compared with similar countries
- Madagascar's 78.70 million current US$ is below the median for low income countries, which is 100.02 million current US$, 79% of the median. (23 countries reporting)
- Madagascar's 78.70 million current US$ is below the median for Sub-Saharan Africa, which is 100.37 million current US$, 78% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, paid (current US$) (IMF balance) 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 | 73.13 million current US$ | 42.95 million current US$ | 99.98 million current US$ | 6 |
Countries ranked near Madagascar
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 personal remittances, paid in Madagascar?
- Personal remittances, paid in Madagascar was 78.70 million current US$ in 2025, 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 148th out of 196 countries with data for 2025.
- Is personal remittances, paid rising or falling in Madagascar?
- Over the last ten years it is up 35.7%. 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.