Primary income payments (BoP, current US$) in Madagascar
Madagascar: Primary income payments (BoP, current US$) was 520.76 million BoP, current US$ in 2025. ◆ Volatile
Latest (2025)
520.76 million BoP, current US$
Change on year
down 12.2%
World rank
136th
of 200 countries
All-time high
593.36 million BoP, current US$
in 2024
All-time low
7.82 million BoP, current US$
in 1977
Years of data
52
1974–2025
Primary income payments in Madagascar, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2025, primary income payments in Madagascar stood at 520.76 million BoP, current US$.
The figure is down 12.2% on the previous year and up 14.1% over ten years.
Over the whole period, primary income payments in Madagascar peaked at 593.36 million BoP, current US$ in 2024 and was at its lowest, 7.82 million BoP, current US$, in 1977.
Madagascar ranks 136th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Primary income payments (BoP, current US$) 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 | 445.22 million BoP, current US$ | -5.0% |
| 2024 | 593.36 million BoP, current US$ | +33.3% |
| 2025 | 520.76 million BoP, current US$ | -12.2% |
Madagascar compared with similar countries
- Madagascar's 520.76 million BoP, current US$ is above the median for low income countries, which is 380.87 million BoP, current US$, 1.4× the median. (23 countries reporting)
- Madagascar's 520.76 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 533.30 million BoP, current US$, 98% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 19.53 million BoP, current US$ | 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 | 468.41 million BoP, current US$ | 353.00 million BoP, current US$ | 593.36 million BoP, current US$ | 6 |
Countries ranked near Madagascar
- 133 Botswana 549.97 million BoP, current US$ compare
- 134 Benin 533.30 million BoP, current US$ compare
- 135 Montenegro 530.27 million BoP, current US$ compare
- 137 Brunei 513.40 million BoP, current US$ compare
- 138 Niger 505.39 million BoP, current US$ compare
- 139 Zimbabwe 489.71 million BoP, 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 primary income payments in Madagascar?
- Primary income payments in Madagascar was 520.76 million BoP, current US$ in 2025, 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 593.36 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 136th out of 200 countries with data for 2025.
- Is primary income payments rising or falling in Madagascar?
- Over the last ten years it is up 14.1%. 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.
Download this data
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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.