Service imports in Madagascar
Madagascar: Service imports was 1.27 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
1.27 billion BoP, current US$
Change on year
up 0.7%
World rank
143rd
of 200 countries
All-time high
1.54 billion BoP, current US$
in 2008
All-time low
107.39 million BoP, current US$
in 1974
Years of data
51
1974–2024
Service imports in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for service imports in Madagascar is 1.27 billion BoP, current US$, measured in 2024.
Compared with earlier readings it is up 0.7% on the previous year and down 0.6% over ten years.
Over the whole period, service imports in Madagascar peaked at 1.54 billion BoP, current US$ in 2008 and was at its lowest, 107.39 million BoP, current US$, in 1974.
Madagascar ranks 143rd of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 107.39 million BoP, current US$ | — |
| 1975 | 148.06 million BoP, current US$ | +37.9% |
| 1976 | 131.66 million BoP, current US$ | -11.1% |
| 1977 | 136.36 million BoP, current US$ | +3.6% |
| 1978 | 168.84 million BoP, current US$ | +23.8% |
| 1979 | 266.55 million BoP, current US$ | +57.9% |
| 1980 | 310.63 million BoP, current US$ | +16.5% |
| 1981 | 224.05 million BoP, current US$ | -27.9% |
| 1982 | 200.06 million BoP, current US$ | -10.7% |
| 1983 | 172.24 million BoP, current US$ | -13.9% |
| 1984 | 155.30 million BoP, current US$ | -9.8% |
| 1985 | 167.21 million BoP, current US$ | +7.7% |
| 1986 | 205.21 million BoP, current US$ | +22.7% |
| 1987 | 226.42 million BoP, current US$ | +10.3% |
| 1988 | 250.11 million BoP, current US$ | +10.5% |
| 1989 | 229.44 million BoP, current US$ | -8.3% |
| 1990 | 242.31 million BoP, current US$ | +5.6% |
| 1991 | 248.76 million BoP, current US$ | +2.7% |
| 1992 | 286.39 million BoP, current US$ | +15.1% |
| 1993 | 351.59 million BoP, current US$ | +22.8% |
| 1994 | 382.84 million BoP, current US$ | +8.9% |
| 1995 | 458.65 million BoP, current US$ | +19.8% |
| 1996 | 414.56 million BoP, current US$ | -9.6% |
| 1997 | 385.73 million BoP, current US$ | -7.0% |
| 1998 | 435.58 million BoP, current US$ | +12.9% |
| 1999 | 456.18 million BoP, current US$ | +4.7% |
| 2000 | 522.06 million BoP, current US$ | +14.4% |
| 2001 | 510.93 million BoP, current US$ | -2.1% |
| 2002 | 704.21 million BoP, current US$ | +37.8% |
| 2003 | 618.28 million BoP, current US$ | -12.2% |
| 2004 | 636.33 million BoP, current US$ | +2.9% |
| 2005 | 701.49 million BoP, current US$ | +10.2% |
| 2006 | 800.63 million BoP, current US$ | +14.1% |
| 2007 | 1.16 billion BoP, current US$ | +44.6% |
| 2008 | 1.54 billion BoP, current US$ | +33.1% |
| 2009 | 1.21 billion BoP, current US$ | -21.8% |
| 2010 | 1.22 billion BoP, current US$ | +0.9% |
| 2011 | 1.35 billion BoP, current US$ | +10.8% |
| 2012 | 1.29 billion BoP, current US$ | -4.1% |
| 2013 | 1.39 billion BoP, current US$ | +7.3% |
| 2014 | 1.28 billion BoP, current US$ | -8.1% |
| 2015 | 1.13 billion BoP, current US$ | -11.0% |
| 2016 | 1.14 billion BoP, current US$ | +0.4% |
| 2017 | 1.24 billion BoP, current US$ | +8.6% |
| 2018 | 1.33 billion BoP, current US$ | +7.4% |
| 2019 | 1.23 billion BoP, current US$ | -7.5% |
| 2020 | 869.65 million BoP, current US$ | -29.2% |
| 2021 | 1.09 billion BoP, current US$ | +25.6% |
| 2022 | 1.54 billion BoP, current US$ | +40.8% |
| 2023 | 1.26 billion BoP, current US$ | -18.1% |
| 2024 | 1.27 billion BoP, current US$ | +0.7% |
Madagascar compared with similar countries
- Madagascar's 1.27 billion BoP, current US$ is above the median for low income countries, which is 1.11 billion BoP, current US$, 1.1× the median. (23 countries reporting)
- Madagascar's 1.27 billion BoP, current US$ is below the median for Sub-Saharan Africa, which is 1.54 billion BoP, current US$, 82% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 159.81 million BoP, current US$ | 107.39 million BoP, current US$ | 266.55 million BoP, current US$ | 6 |
| 1980s | 214.07 million BoP, current US$ | 155.30 million BoP, current US$ | 310.63 million BoP, current US$ | 10 |
| 1990s | 366.26 million BoP, current US$ | 242.31 million BoP, current US$ | 458.65 million BoP, current US$ | 10 |
| 2000s | 839.86 million BoP, current US$ | 510.93 million BoP, current US$ | 1.54 billion BoP, current US$ | 10 |
| 2010s | 1.26 billion BoP, current US$ | 1.13 billion BoP, current US$ | 1.39 billion BoP, current US$ | 10 |
| 2020s | 1.21 billion BoP, current US$ | 869.65 million BoP, current US$ | 1.54 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 140 Palestine 1.38 billion BoP, current US$ compare
- 141 Nicaragua 1.31 billion BoP, current US$ compare
- 142 Botswana 1.29 billion BoP, current US$ compare
- 144 Laos 1.27 billion BoP, current US$ compare
- 145 Montenegro 1.24 billion BoP, current US$ compare
- 146 Aruba 1.18 billion 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 service imports in Madagascar?
- Service imports in Madagascar was 1.27 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 imports recorded in Madagascar?
- The highest recorded value was 1.54 billion BoP, current US$ in 2008.
- What is the lowest service imports recorded in Madagascar?
- The lowest recorded value was 107.39 million BoP, current US$ in 1974.
- How does Madagascar rank for service imports?
- Madagascar ranks 143rd out of 200 countries with data for 2024.
- Is service imports rising or falling in Madagascar?
- Over the last ten years it is down 0.6%. 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 Service imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to 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.