Primary income payments in Madagascar
Madagascar: Primary income payments was 638.92 million BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
638.92 million BoP, current US$
Change on year
up 31.3%
World rank
130th
of 200 countries
All-time high
638.92 million BoP, current US$
in 2024
All-time low
7.82 million BoP, current US$
in 1977
Years of data
51
1974–2024
Primary income payments in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, primary income payments in Madagascar stood at 638.92 million BoP, current US$. That is the highest value across all 51 years on record.
The figure is up 31.3% on the previous year and up 68.0% over ten years.
Over the whole period, primary income payments in Madagascar peaked at 638.92 million BoP, current US$ in 2024 and was at its lowest, 7.82 million BoP, current US$, in 1977.
Madagascar ranks 130th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 25.13 million BoP, current US$ | — |
| 1975 | 22.30 million BoP, current US$ | -11.3% |
| 1976 | 20.51 million BoP, current US$ | -8.1% |
| 1977 | 7.82 million BoP, current US$ | -61.9% |
| 1978 | 11.79 million BoP, current US$ | +50.8% |
| 1979 | 29.62 million BoP, current US$ | +151.2% |
| 1980 | 46.34 million BoP, current US$ | +56.5% |
| 1981 | 92.34 million BoP, current US$ | +99.3% |
| 1982 | 100.79 million BoP, current US$ | +9.1% |
| 1983 | 121.01 million BoP, current US$ | +20.1% |
| 1984 | 151.06 million BoP, current US$ | +24.8% |
| 1985 | 133.21 million BoP, current US$ | -11.8% |
| 1986 | 160.38 million BoP, current US$ | +20.4% |
| 1987 | 184.00 million BoP, current US$ | +14.7% |
| 1988 | 192.59 million BoP, current US$ | +4.7% |
| 1989 | 207.65 million BoP, current US$ | +7.8% |
| 1990 | 175.83 million BoP, current US$ | -15.3% |
| 1991 | 165.57 million BoP, current US$ | -5.8% |
| 1992 | 152.70 million BoP, current US$ | -7.8% |
| 1993 | 153.87 million BoP, current US$ | +0.8% |
| 1994 | 157.77 million BoP, current US$ | +2.5% |
| 1995 | 173.87 million BoP, current US$ | +10.2% |
| 1996 | 168.99 million BoP, current US$ | -2.8% |
| 1997 | 115.13 million BoP, current US$ | -31.9% |
| 1998 | 103.03 million BoP, current US$ | -10.5% |
| 1999 | 63.12 million BoP, current US$ | -38.7% |
| 2000 | 64.10 million BoP, current US$ | +1.6% |
| 2001 | 106.26 million BoP, current US$ | +65.8% |
| 2002 | 178.09 million BoP, current US$ | +67.6% |
| 2003 | 93.57 million BoP, current US$ | -47.5% |
| 2004 | 89.38 million BoP, current US$ | -4.5% |
| 2005 | 144.22 million BoP, current US$ | +61.3% |
| 2006 | 176.49 million BoP, current US$ | +22.4% |
| 2007 | 137.83 million BoP, current US$ | -21.9% |
| 2008 | 162.59 million BoP, current US$ | +18.0% |
| 2009 | 180.89 million BoP, current US$ | +11.3% |
| 2010 | 241.84 million BoP, current US$ | +33.7% |
| 2011 | 305.64 million BoP, current US$ | +26.4% |
| 2012 | 424.91 million BoP, current US$ | +39.0% |
| 2013 | 459.40 million BoP, current US$ | +8.1% |
| 2014 | 380.30 million BoP, current US$ | -17.2% |
| 2015 | 456.46 million BoP, current US$ | +20.0% |
| 2016 | 501.24 million BoP, current US$ | +9.8% |
| 2017 | 452.63 million BoP, current US$ | -9.7% |
| 2018 | 513.20 million BoP, current US$ | +13.4% |
| 2019 | 551.94 million BoP, current US$ | +7.5% |
| 2020 | 429.53 million BoP, current US$ | -22.2% |
| 2021 | 353.00 million BoP, current US$ | -17.8% |
| 2022 | 468.62 million BoP, current US$ | +32.8% |
| 2023 | 486.70 million BoP, current US$ | +3.9% |
| 2024 | 638.92 million BoP, current US$ | +31.3% |
Madagascar compared with similar countries
- Madagascar's 638.92 million BoP, current US$ is above the median for low income countries, which is 380.87 million BoP, current US$, 1.7× the median. (23 countries reporting)
- Madagascar's 638.92 million BoP, current US$ is above the median for Sub-Saharan Africa, which is 558.91 million BoP, current US$, 1.1× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.53 million BoP, current US$ | 7.82 million BoP, current US$ | 29.62 million BoP, current US$ | 6 |
| 1980s | 138.94 million BoP, current US$ | 46.34 million BoP, current US$ | 207.65 million BoP, current US$ | 10 |
| 1990s | 142.99 million BoP, current US$ | 63.12 million BoP, current US$ | 175.83 million BoP, current US$ | 10 |
| 2000s | 133.34 million BoP, current US$ | 64.10 million BoP, current US$ | 180.89 million BoP, current US$ | 10 |
| 2010s | 428.76 million BoP, current US$ | 241.84 million BoP, current US$ | 551.94 million BoP, current US$ | 10 |
| 2020s | 475.35 million BoP, current US$ | 353.00 million BoP, current US$ | 638.92 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 127 Jamaica 920.14 million BoP, current US$ compare
- 128 Maldives 853.73 million BoP, current US$ compare
- 129 Eswatini 758.17 million BoP, current US$ compare
- 131 Iran 604.00 million BoP, current US$ compare
- 132 Botswana 564.76 million BoP, current US$ compare
- 133 South Sudan 558.91 million BoP, current US$ 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 primary income payments in Madagascar?
- Primary income payments in Madagascar was 638.92 million BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest primary income payments recorded in Madagascar?
- The highest recorded value was 638.92 million BoP, current US$ in 2024.
- What is the lowest primary income payments recorded in Madagascar?
- The lowest recorded value was 7.82 million BoP, current US$ in 1977.
- How does Madagascar rank for primary income payments?
- Madagascar ranks 130th out of 200 countries with data for 2024.
- Is primary income payments rising or falling in Madagascar?
- Over the last ten years it is up 68.0%. 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 Primary income payments (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Primary income payments refer to employee compensation paid to nonresident workers and investment income (payments on direct investment, portfolio investment, other investments).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.