Service exports in Madagascar
Madagascar: Service exports was 1.53 billion BoP, current US$ in 2024. ◆ Volatile
Service exports in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Madagascar recorded 1.53 billion BoP, current US$ for service exports in 2024. That is the highest value across all 51 years on record.
That represents a change of up 22.4% on the previous year and up 12.2% over ten years.
Over the whole period, service exports in Madagascar peaked at 1.53 billion BoP, current US$ in 2024 and was at its lowest, 34.76 million BoP, current US$, in 1977.
Madagascar ranks 121st of 198 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 47.78 million BoP, current US$ | 34.76 million BoP, current US$ | 73.90 million BoP, current US$ | 6 |
| 1980s | 76.90 million BoP, current US$ | 45.21 million BoP, current US$ | 132.14 million BoP, current US$ | 10 |
| 1990s | 239.19 million BoP, current US$ | 148.32 million BoP, current US$ | 336.26 million BoP, current US$ | 10 |
| 2000s | 673.53 million BoP, current US$ | 362.01 million BoP, current US$ | 1.35 billion BoP, current US$ | 10 |
| 2010s | 1.27 billion BoP, current US$ | 1.01 billion BoP, current US$ | 1.47 billion BoP, current US$ | 10 |
| 2020s | 1.04 billion BoP, current US$ | 640.90 million BoP, current US$ | 1.53 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 118 Bermuda 1.59 billion BoP, current US$ compare
- 119 Sudan 1.55 billion BoP, current US$ compare
- 120 Curacao 1.55 billion BoP, current US$ compare
- 122 Barbados 1.52 billion BoP, current US$ compare
- 123 Senegal 1.48 billion BoP, current US$ compare
- 124 Saint Lucia 1.40 billion BoP, current US$ 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 service exports in Madagascar?
- Service exports in Madagascar was 1.53 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service exports recorded in Madagascar?
- The highest recorded value was 1.53 billion BoP, current US$ in 2024.
- What is the lowest service exports recorded in Madagascar?
- The lowest recorded value was 34.76 million BoP, current US$ in 1977.
- How does Madagascar rank for service exports?
- Madagascar ranks 121st out of 198 countries with data for 2024.
- Is service exports rising or falling in Madagascar?
- Over the last ten years it is up 12.2%. 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 Service exports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of services are services provided by residents to non-residents. 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.