Annual GDP growth in Madagascar
Madagascar: Annual GDP growth was 4.3% in 2024. ◆ Volatile
Annual GDP growth in Madagascar, 1980–2024
Source: International Monetary Fund (2026) – with minor processing by Our World in Data. Measured in %.
Analysis
In 2024, annual gdp growth in Madagascar stood at 4.3%.
The figure is up 2.2% on the previous year and up 29.5% over ten years.
Over the whole period, annual gdp growth in Madagascar peaked at 9.8% in 2003 and was at its lowest, -12.4%, in 2002.
Madagascar ranks 65th of 196 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.4% | -9.8% | 4.1% | 10 |
| 1990s | 1.6% | -6.3% | 4.7% | 10 |
| 2000s | 3.2% | -12.4% | 9.8% | 10 |
| 2010s | 3.0% | 0.6% | 4.4% | 10 |
| 2020s | 2.0% | -7.1% | 4.7% | 5 |
Countries ranked near Madagascar
- 62 Belarus 4.3% compare
- 62 Panama 4.3% compare
- 64 East Timor 4.3% compare
- 66 Sierra Leone 4.3% compare
- 67 Samoa 4.2% compare
- 68 Azerbaijan 4.2% compare
More economy & growth data for Madagascar
- External balance on goods and services as a percent of GDP -11.6% (2025)
- Inflation of consumer prices 8.1% (2025)
- GDP per capita 456.51 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 13.1% (2024)
- Gross domestic product (GDP) 14.95 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 456.51 constant 2015 US$ (2025)
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Madagascar?
- Annual gdp growth in Madagascar was 4.3% in 2024, according to International Monetary Fund (2026) – with minor processing by Our World in Data.
- What is the highest annual gdp growth recorded in Madagascar?
- The highest recorded value was 9.8% in 2003.
- What is the lowest annual gdp growth recorded in Madagascar?
- The lowest recorded value was -12.4% in 2002.
- How does Madagascar rank for annual gdp growth?
- Madagascar ranks 65th out of 196 countries with data for 2024.
- Is annual gdp growth rising or falling in Madagascar?
- Over the last ten years it is up 29.5%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund (2026) – with minor processing by Our World in Data, published as part of Annual GDP growth. Statizoid updates them automatically from the source API.
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About this data
Annual percent change in gross domestic product. This data is adjusted for inflation.