Services, value added (annual % growth) in Madagascar
Madagascar: Services, value added (annual % growth) was 3.2% in 2025. ◆ Volatile
Services, value added in Madagascar, 1996–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual % growth.
Analysis
In 2025, services, value added in Madagascar stood at 3.2%.
The figure is down 30.2% on the previous year and up 168.1% over ten years.
Over the whole period, services, value added in Madagascar peaked at 12.9% in 2003 and was at its lowest, -15.0%, in 2002.
Madagascar ranks 112th 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.
Services, value added (annual % growth) in Madagascar, year by year
| Year | annual % growth | Change |
|---|---|---|
| 1996 | 7.5% | — |
| 1997 | 5.2% | -30.5% |
| 1998 | 5.3% | +2.2% |
| 1999 | 6.1% | +15.4% |
| 2000 | 5.1% | -17.4% |
| 2001 | 5.7% | +12.5% |
| 2002 | -15.0% | -364.6% |
| 2003 | 12.9% | -186.0% |
| 2004 | 6.5% | -49.9% |
| 2005 | 6.3% | -3.4% |
| 2006 | 7.6% | +21.0% |
| 2007 | 7.6% | -0.0% |
| 2008 | 4.5% | -40.4% |
| 2009 | -3.2% | -171.8% |
| 2010 | 0.1% | -102.4% |
| 2011 | 0.6% | +705.3% |
| 2012 | 2.5% | +290.8% |
| 2013 | 0.8% | -66.4% |
| 2014 | 2.9% | +251.5% |
| 2015 | 1.2% | -59.1% |
| 2016 | 4.3% | +256.5% |
| 2017 | 4.7% | +10.7% |
| 2018 | -0.6% | -112.6% |
| 2019 | 3.8% | -737.8% |
| 2020 | -4.8% | -227.2% |
| 2021 | 4.6% | -195.4% |
| 2022 | 3.6% | -21.3% |
| 2023 | 2.8% | -23.9% |
| 2024 | 4.6% | +66.4% |
| 2025 | 3.2% | -30.2% |
Madagascar compared with similar countries
- Madagascar's 3.2% is below the median for low income countries, which is 5.2%, 62% of the median. (22 countries reporting)
- Madagascar's 3.2% is below the median for Sub-Saharan Africa, which is 4.8%, 67% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Services, value added (annual % growth) 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 |
|---|---|---|---|
| 2019 | +737.8% | -0.6% | 3.8% |
| 2011 | +705.3% | 0.1% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.0% | 5.2% | 7.5% | 4 |
| 2000s | 3.8% | -15.0% | 12.9% | 10 |
| 2010s | 2.0% | -0.6% | 4.7% | 10 |
| 2020s | 2.3% | -4.8% | 4.6% | 6 |
Countries ranked near Madagascar
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 services, value added in Madagascar?
- Services, value added in Madagascar was 3.2% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest services, value added recorded in Madagascar?
- The highest recorded value was 12.9% in 2003.
- What is the lowest services, value added recorded in Madagascar?
- The lowest recorded value was -15.0% in 2002.
- How does Madagascar rank for services, value added?
- Madagascar ranks 112th out of 198 countries with data for 2025.
- Is services, value added rising or falling in Madagascar?
- Over the last ten years it is up 168.1%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Services, value added (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.