Personal remittances, received (current US$), per unit of GDP in Madagascar
Madagascar: Personal remittances, received (current US$), per unit of GDP was 0.0231 current US$ per US$ of GDP in 2024. ◆ Volatile
Personal remittances, received (current US$), per unit of GDP in Madagascar, 1974–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
In 2024, personal remittances, received (current us$), per unit of gdp in Madagascar stood at 0.0231 current US$ per US$ of GDP.
That represents a change of up 18.9% on the previous year and down 16.0% over ten years.
Over the whole period, personal remittances, received (current us$), per unit of gdp in Madagascar peaked at 0.0457 current US$ per US$ of GDP in 2010 and was at its lowest, 0 current US$ per US$ of GDP, in 1979.
That places Madagascar 99th out of 196 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.
Personal remittances, received (current US$), per unit of GDP in Madagascar, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1974 | 0.0002 current US$ per US$ of GDP | — |
| 1975 | 0.0002 current US$ per US$ of GDP | -5.7% |
| 1976 | 0.0003 current US$ per US$ of GDP | +59.5% |
| 1977 | 0.0001 current US$ per US$ of GDP | -57.7% |
| 1978 | 0.0001 current US$ per US$ of GDP | +8.2% |
| 1979 | 0 current US$ per US$ of GDP | -90.9% |
| 1980 | 0.0001 current US$ per US$ of GDP | +436.3% |
| 1981 | 0 current US$ per US$ of GDP | -36.3% |
| 1982 | 0 current US$ per US$ of GDP | -48.5% |
| 1983 | 0 current US$ per US$ of GDP | +3.7% |
| 1984 | 0.0014 current US$ per US$ of GDP | +5721.7% |
| 1985 | 0.0012 current US$ per US$ of GDP | -16.6% |
| 1986 | 0.0014 current US$ per US$ of GDP | +12.2% |
| 1987 | 0.0014 current US$ per US$ of GDP | +7.2% |
| 1988 | 0.0013 current US$ per US$ of GDP | -12.7% |
| 1989 | 0.0031 current US$ per US$ of GDP | +142.8% |
| 1990 | 0.002 current US$ per US$ of GDP | -34.7% |
| 1991 | 0.004 current US$ per US$ of GDP | +101.5% |
| 1992 | 0.0041 current US$ per US$ of GDP | +1.5% |
| 1993 | 0.0033 current US$ per US$ of GDP | -18.6% |
| 1994 | 0.0036 current US$ per US$ of GDP | +8.5% |
| 1995 | 0.0024 current US$ per US$ of GDP | -34.4% |
| 1996 | 0.0013 current US$ per US$ of GDP | -46.6% |
| 1997 | 0.0029 current US$ per US$ of GDP | +125.8% |
| 1998 | 0.0026 current US$ per US$ of GDP | -8.9% |
| 1999 | 0.0027 current US$ per US$ of GDP | +4.3% |
| 2000 | 0.0024 current US$ per US$ of GDP | -10.4% |
| 2001 | 0.002 current US$ per US$ of GDP | -17.9% |
| 2002 | 0.0055 current US$ per US$ of GDP | +174.1% |
| 2003 | 0.0025 current US$ per US$ of GDP | -53.5% |
| 2004 | 0.0023 current US$ per US$ of GDP | -10.8% |
| 2005 | 0.0174 current US$ per US$ of GDP | +663.8% |
| 2006 | 0.0235 current US$ per US$ of GDP | +35.4% |
| 2007 | 0.0299 current US$ per US$ of GDP | +27.1% |
| 2008 | 0.0293 current US$ per US$ of GDP | -1.9% |
| 2009 | 0.0295 current US$ per US$ of GDP | +0.8% |
| 2010 | 0.0457 current US$ per US$ of GDP | +54.8% |
| 2011 | 0.029 current US$ per US$ of GDP | -36.5% |
| 2012 | 0.0285 current US$ per US$ of GDP | -1.6% |
| 2013 | 0.0288 current US$ per US$ of GDP | +0.9% |
| 2014 | 0.0275 current US$ per US$ of GDP | -4.5% |
| 2015 | 0.0289 current US$ per US$ of GDP | +4.9% |
| 2016 | 0.0253 current US$ per US$ of GDP | -12.5% |
| 2017 | 0.026 current US$ per US$ of GDP | +3.0% |
| 2018 | 0.0309 current US$ per US$ of GDP | +18.9% |
| 2019 | 0.0289 current US$ per US$ of GDP | -6.5% |
| 2020 | 0.038 current US$ per US$ of GDP | +31.3% |
| 2021 | 0.0306 current US$ per US$ of GDP | -19.3% |
| 2022 | 0.0251 current US$ per US$ of GDP | -18.0% |
| 2023 | 0.0194 current US$ per US$ of GDP | -22.7% |
| 2024 | 0.0231 current US$ per US$ of GDP | +18.9% |
Madagascar compared with similar countries
- Madagascar's 0.0231 current US$ per US$ of GDP is below the median for low income countries, which is 0.0336 current US$ per US$ of GDP, 69% of the median. (22 countries reporting)
- Madagascar's 0.0231 current US$ per US$ of GDP is below the median for Sub-Saharan Africa, which is 0.0252 current US$ per US$ of GDP, 92% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received (current US$), per unit of GDP in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +5721.7% | 0 current US$ per US$ of GDP | 0.0014 current US$ per US$ of GDP |
| 2005 | +663.8% | 0.0023 current US$ per US$ of GDP | 0.0174 current US$ per US$ of GDP |
| 1980 | +436.3% | 0 current US$ per US$ of GDP | 0.0001 current US$ per US$ of GDP |
| 2002 | +174.1% | 0.002 current US$ per US$ of GDP | 0.0055 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0002 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 0.0003 current US$ per US$ of GDP | 6 |
| 1980s | 0.001 current US$ per US$ of GDP | 0 current US$ per US$ of GDP | 0.0031 current US$ per US$ of GDP | 10 |
| 1990s | 0.0029 current US$ per US$ of GDP | 0.0013 current US$ per US$ of GDP | 0.0041 current US$ per US$ of GDP | 10 |
| 2000s | 0.0144 current US$ per US$ of GDP | 0.002 current US$ per US$ of GDP | 0.0299 current US$ per US$ of GDP | 10 |
| 2010s | 0.0299 current US$ per US$ of GDP | 0.0253 current US$ per US$ of GDP | 0.0457 current US$ per US$ of GDP | 10 |
| 2020s | 0.0272 current US$ per US$ of GDP | 0.0194 current US$ per US$ of GDP | 0.038 current US$ per US$ of GDP | 5 |
Countries ranked near Madagascar
- 96 North Macedonia 0.0245 current US$ per US$ of GDP compare
- 97 Saint Lucia 0.0235 current US$ per US$ of GDP compare
- 98 Hungary 0.0232 current US$ per US$ of GDP compare
- 100 Belgium 0.0225 current US$ per US$ of GDP compare
- 101 Mongolia 0.0222 current US$ per US$ of GDP compare
- 102 Ghana 0.0212 current US$ per US$ of GDP 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 personal remittances, received (current us$), per unit of gdp in Madagascar?
- Personal remittances, received (current us$), per unit of gdp in Madagascar was 0.0231 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest personal remittances, received (current us$), per unit of gdp recorded in Madagascar?
- The highest recorded value was 0.0457 current US$ per US$ of GDP in 2010.
- What is the lowest personal remittances, received (current us$), per unit of gdp recorded in Madagascar?
- The lowest recorded value was 0 current US$ per US$ of GDP in 1979.
- How does Madagascar rank for personal remittances, received (current us$), per unit of gdp?
- Madagascar ranks 99th out of 196 countries with data for 2024.
- Is personal remittances, received (current us$), per unit of gdp rising or falling in Madagascar?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of Personal remittances, received (current US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Personal remittances, received (current US$) ÷ GDP (current US$)
Computed from
- Personal remittances, received IMF balance of payments data, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Personal remittances, received (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.