Reserves and related items (BoP, current US$) in Madagascar
Madagascar: Reserves and related items (BoP, current US$) was -92.51 million BoP, current US$ in 2025. ◆ Volatile
Reserves and related items in Madagascar, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for reserves and related items in Madagascar is -92.51 million BoP, current US$, measured in 2025.
The figure is down 879.0% on the previous year and down 325.6% over ten years.
Over the whole period, reserves and related items in Madagascar peaked at 304.96 million BoP, current US$ in 2021 and was at its lowest, -1.87 billion BoP, current US$, in 2006.
That places Madagascar 155th out of 196 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Reserves and related items (BoP, current US$) in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | -32.59 million BoP, current US$ | — |
| 1975 | -33.79 million BoP, current US$ | +3.7% |
| 1976 | 2.63 million BoP, current US$ | -107.8% |
| 1977 | 5.83 million BoP, current US$ | +121.8% |
| 1978 | -29.19 million BoP, current US$ | -600.4% |
| 1979 | -51.05 million BoP, current US$ | +74.9% |
| 1980 | -243.63 million BoP, current US$ | +377.2% |
| 1981 | -160.42 million BoP, current US$ | -34.2% |
| 1982 | -209.01 million BoP, current US$ | +30.3% |
| 1983 | -269.28 million BoP, current US$ | +28.8% |
| 1984 | -203.66 million BoP, current US$ | -24.4% |
| 1985 | -167.05 million BoP, current US$ | -18.0% |
| 1986 | -116.40 million BoP, current US$ | -30.3% |
| 1987 | -162.44 million BoP, current US$ | +39.6% |
| 1988 | -116.91 million BoP, current US$ | -28.0% |
| 1989 | -160.65 million BoP, current US$ | +37.4% |
| 1990 | -277.59 million BoP, current US$ | +72.8% |
| 1991 | -291.87 million BoP, current US$ | +5.1% |
| 1992 | -278.10 million BoP, current US$ | -4.7% |
| 1993 | -334.41 million BoP, current US$ | +20.2% |
| 1994 | -276.32 million BoP, current US$ | -17.4% |
| 1995 | -329.98 million BoP, current US$ | +19.4% |
| 1996 | -93.66 million BoP, current US$ | -71.6% |
| 1997 | -16.10 million BoP, current US$ | -82.8% |
| 1998 | -299.23 million BoP, current US$ | +1758.7% |
| 1999 | -104.35 million BoP, current US$ | -65.1% |
| 2000 | -159.96 million BoP, current US$ | +53.3% |
| 2001 | -252.94 million BoP, current US$ | +58.1% |
| 2002 | -492.50 million BoP, current US$ | +94.7% |
| 2003 | -374.09 million BoP, current US$ | -24.0% |
| 2004 | -142.86 million BoP, current US$ | -61.8% |
| 2005 | -55.61 million BoP, current US$ | -61.1% |
| 2006 | -1.87 billion BoP, current US$ | +3270.9% |
| 2007 | 158.62 million BoP, current US$ | -108.5% |
| 2008 | 214.35 million BoP, current US$ | +35.1% |
| 2009 | -27.40 million BoP, current US$ | -112.8% |
| 2010 | 47.06 million BoP, current US$ | -271.7% |
| 2011 | 118.14 million BoP, current US$ | +151.0% |
| 2012 | -87.74 million BoP, current US$ | -174.3% |
| 2013 | -265.64 million BoP, current US$ | +202.7% |
| 2014 | 4.13 million BoP, current US$ | -101.6% |
| 2015 | 41.00 million BoP, current US$ | +893.4% |
| 2016 | 295.65 million BoP, current US$ | +621.1% |
| 2017 | 240.19 million BoP, current US$ | -18.8% |
| 2018 | 133.78 million BoP, current US$ | -44.3% |
| 2019 | -119.07 million BoP, current US$ | -189.0% |
| 2020 | -153.56 million BoP, current US$ | +29.0% |
| 2021 | 304.96 million BoP, current US$ | -298.6% |
| 2022 | -115.19 million BoP, current US$ | -137.8% |
| 2023 | -294.20 million BoP, current US$ | +155.4% |
| 2024 | 11.88 million BoP, current US$ | -104.0% |
| 2025 | -92.51 million BoP, current US$ | -879.0% |
Madagascar compared with similar countries
- Madagascar's -92.51 million BoP, current US$ is below the median for low income countries, which is 21.67 million BoP, current US$. (23 countries reporting)
- Madagascar's -92.51 million BoP, current US$ is below the median for Sub-Saharan Africa, which is 31.90 million BoP, current US$. (47 countries reporting)
Biggest year-on-year movements
Years where Reserves and related items (BoP, current US$) 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 |
|---|---|---|---|
| 2006 | -3270.9% | -55.61 million BoP, current US$ | -1.87 billion BoP, current US$ |
| 1998 | -1758.7% | -16.10 million BoP, current US$ | -299.23 million BoP, current US$ |
| 2015 | +893.4% | 4.13 million BoP, current US$ | 41.00 million BoP, current US$ |
| 2025 | -879.0% | 11.88 million BoP, current US$ | -92.51 million BoP, current US$ |
| 2016 | +621.1% | 41.00 million BoP, current US$ | 295.65 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -23.03 million BoP, current US$ | -51.05 million BoP, current US$ | 5.83 million BoP, current US$ | 6 |
| 1980s | -180.95 million BoP, current US$ | -269.28 million BoP, current US$ | -116.40 million BoP, current US$ | 10 |
| 1990s | -230.16 million BoP, current US$ | -334.41 million BoP, current US$ | -16.10 million BoP, current US$ | 10 |
| 2000s | -300.69 million BoP, current US$ | -1.87 billion BoP, current US$ | 214.35 million BoP, current US$ | 10 |
| 2010s | 40.75 million BoP, current US$ | -265.64 million BoP, current US$ | 295.65 million BoP, current US$ | 10 |
| 2020s | -56.44 million BoP, current US$ | -294.20 million BoP, current US$ | 304.96 million BoP, current US$ | 6 |
Countries ranked near Madagascar
- 152 Zambia -56.60 million BoP, current US$ compare
- 153 Portugal -61.82 million BoP, current US$ compare
- 154 Eritrea -64.33 million BoP, current US$ compare
- 156 Aruba -145.50 million BoP, current US$ compare
- 157 Djibouti -148.91 million BoP, current US$ compare
- 158 South Sudan -157.01 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 reserves and related items in Madagascar?
- Reserves and related items in Madagascar was -92.51 million BoP, current US$ in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest reserves and related items recorded in Madagascar?
- The highest recorded value was 304.96 million BoP, current US$ in 2021.
- What is the lowest reserves and related items recorded in Madagascar?
- The lowest recorded value was -1.87 billion BoP, current US$ in 2006.
- How does Madagascar rank for reserves and related items?
- Madagascar ranks 155th out of 196 countries with data for 2025.
- Is reserves and related items rising or falling in Madagascar?
- Over the last ten years it is down 325.6%. 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 Reserves and related items (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Reserves and related items is the net change in a country's holdings of international reserves resulting from transactions on the current, capital, and financial accounts. Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency.Also included are net credit and loans from the IMF (excluding reserve position) and total exceptional financing. 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.