Personal remittances, received (current US$) (Personal IMF balance) in Madagascar
Madagascar: Personal remittances, received (current US$) (Personal IMF balance) was 616.37 million current US$ in 2025. ◆ Volatile
Personal remittances, received in Madagascar, 1974–2025
Source: IMF balance of payments data, International Monetary Fund (IMF). Measured in current US$.
Analysis
The most recent figure for personal remittances, received in Madagascar is 616.37 million current US$, measured in 2025. That is the highest value across all 52 years on record.
That represents a change of up 51.7% on the previous year and up 88.6% over ten years.
Over the whole period, personal remittances, received in Madagascar peaked at 616.37 million current US$ in 2025 and was at its lowest, 47,010 current US$, in 1979.
Madagascar ranks 116th of 197 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances, received (current US$) (Personal IMF balance) in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 415,448 current US$ | — |
| 1975 | 466,609 current US$ | +12.3% |
| 1976 | 711,447 current US$ | +52.5% |
| 1977 | 325,628 current US$ | -54.2% |
| 1978 | 398,839 current US$ | +22.5% |
| 1979 | 47,010 current US$ | -88.2% |
| 1980 | 378,647 current US$ | +705.5% |
| 1981 | 220,807 current US$ | -41.7% |
| 1982 | 114,372 current US$ | -48.2% |
| 1983 | 116,158 current US$ | +1.6% |
| 1984 | 5.64 million current US$ | +4752.1% |
| 1985 | 4.57 million current US$ | -18.8% |
| 1986 | 5.87 million current US$ | +28.3% |
| 1987 | 4.65 million current US$ | -20.8% |
| 1988 | 4.03 million current US$ | -13.3% |
| 1989 | 9.74 million current US$ | +141.8% |
| 1990 | 7.87 million current US$ | -19.2% |
| 1991 | 13.13 million current US$ | +66.8% |
| 1992 | 15.21 million current US$ | +15.9% |
| 1993 | 13.54 million current US$ | -11.0% |
| 1994 | 12.74 million current US$ | -5.9% |
| 1995 | 9.10 million current US$ | -28.6% |
| 1996 | 6.24 million current US$ | -31.4% |
| 1997 | 12.18 million current US$ | +95.2% |
| 1998 | 11.46 million current US$ | -5.9% |
| 1999 | 11.62 million current US$ | +1.4% |
| 2000 | 11.27 million current US$ | -3.0% |
| 2001 | 10.87 million current US$ | -3.5% |
| 2002 | 29.32 million current US$ | +169.7% |
| 2003 | 16.23 million current US$ | -44.6% |
| 2004 | 11.51 million current US$ | -29.1% |
| 2005 | 101.67 million current US$ | +783.6% |
| 2006 | 150.26 million current US$ | +47.8% |
| 2007 | 254.49 million current US$ | +69.4% |
| 2008 | 313.99 million current US$ | +23.4% |
| 2009 | 283.72 million current US$ | -9.6% |
| 2010 | 455.83 million current US$ | +60.7% |
| 2011 | 335.01 million current US$ | -26.5% |
| 2012 | 330.50 million current US$ | -1.3% |
| 2013 | 357.75 million current US$ | +8.2% |
| 2014 | 344.44 million current US$ | -3.7% |
| 2015 | 326.85 million current US$ | -5.1% |
| 2016 | 299.20 million current US$ | -8.5% |
| 2017 | 342.78 million current US$ | +14.6% |
| 2018 | 425.50 million current US$ | +24.1% |
| 2019 | 407.68 million current US$ | -4.2% |
| 2020 | 495.36 million current US$ | +21.5% |
| 2021 | 439.71 million current US$ | -11.2% |
| 2022 | 385.29 million current US$ | -12.4% |
| 2023 | 311.45 million current US$ | -19.2% |
| 2024 | 406.26 million current US$ | +30.4% |
| 2025 | 616.37 million current US$ | +51.7% |
Madagascar compared with similar countries
- Madagascar's 616.37 million current US$ is above the median for low income countries, which is 616.37 million current US$, 1.0× the median. (23 countries reporting)
- Madagascar's 616.37 million current US$ is above the median for Sub-Saharan Africa, which is 403.52 million current US$, 1.5× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Personal remittances, received (current US$) (Personal 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 |
|---|---|---|---|
| 1984 | +4752.1% | 116,158 current US$ | 5.64 million current US$ |
| 2005 | +783.6% | 11.51 million current US$ | 101.67 million current US$ |
| 1980 | +705.5% | 47,010 current US$ | 378,647 current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 394,164 current US$ | 47,010 current US$ | 711,447 current US$ | 6 |
| 1980s | 3.53 million current US$ | 114,372 current US$ | 9.74 million current US$ | 10 |
| 1990s | 11.31 million current US$ | 6.24 million current US$ | 15.21 million current US$ | 10 |
| 2000s | 118.33 million current US$ | 10.87 million current US$ | 313.99 million current US$ | 10 |
| 2010s | 362.55 million current US$ | 299.20 million current US$ | 455.83 million current US$ | 10 |
| 2020s | 442.41 million current US$ | 311.45 million current US$ | 616.37 million current US$ | 6 |
Countries ranked near Madagascar
- 113 New Caledonia 621.06 million current US$ compare
- 114 Gambia 616.99 million current US$ compare
- 115 Guinea 616.42 million current US$ compare
- 117 Burkina Faso 595.25 million current US$ compare
- 118 Greece 582.94 million current US$ compare
- 119 French Polynesia 581.56 million current US$ compare
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, received in Madagascar?
- Personal remittances, received in Madagascar was 616.37 million current US$ in 2025, according to IMF balance of payments data, International Monetary Fund (IMF).
- What is the highest personal remittances, received recorded in Madagascar?
- The highest recorded value was 616.37 million current US$ in 2025.
- What is the lowest personal remittances, received recorded in Madagascar?
- The lowest recorded value was 47,010 current US$ in 1979.
- How does Madagascar rank for personal remittances, received?
- Madagascar ranks 116th out of 197 countries with data for 2025.
- Is personal remittances, received rising or falling in Madagascar?
- Over the last ten years it is up 88.6%. 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, received (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 52 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.