Services, value added (constant 2015 US$) in Madagascar
Madagascar: Services, value added (constant 2015 US$) was 7.41 billion constant 2015 US$ in 2025. ▲ Rising
Services, value added in Madagascar, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant 2015 US$.
Analysis
In 2025, services, value added in Madagascar stood at 7.41 billion constant 2015 US$. That is the highest value across all 31 years on record.
The figure is up 3.2% on the previous year and up 28.9% over ten years.
Over the whole period, services, value added in Madagascar peaked at 7.41 billion constant 2015 US$ in 2025 and was at its lowest, 2.98 billion constant 2015 US$, in 1995.
Madagascar ranks 132nd of 196 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added (constant 2015 US$) in Madagascar, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1995 | 2.98 billion constant 2015 US$ | — |
| 1996 | 3.20 billion constant 2015 US$ | +7.5% |
| 1997 | 3.36 billion constant 2015 US$ | +5.2% |
| 1998 | 3.54 billion constant 2015 US$ | +5.3% |
| 1999 | 3.76 billion constant 2015 US$ | +6.1% |
| 2000 | 3.95 billion constant 2015 US$ | +5.1% |
| 2001 | 4.17 billion constant 2015 US$ | +5.7% |
| 2002 | 3.55 billion constant 2015 US$ | -15.0% |
| 2003 | 4.01 billion constant 2015 US$ | +12.9% |
| 2004 | 4.26 billion constant 2015 US$ | +6.5% |
| 2005 | 4.53 billion constant 2015 US$ | +6.3% |
| 2006 | 4.88 billion constant 2015 US$ | +7.6% |
| 2007 | 5.24 billion constant 2015 US$ | +7.6% |
| 2008 | 5.48 billion constant 2015 US$ | +4.5% |
| 2009 | 5.30 billion constant 2015 US$ | -3.2% |
| 2010 | 5.31 billion constant 2015 US$ | +0.1% |
| 2011 | 5.34 billion constant 2015 US$ | +0.6% |
| 2012 | 5.47 billion constant 2015 US$ | +2.5% |
| 2013 | 5.52 billion constant 2015 US$ | +0.8% |
| 2014 | 5.68 billion constant 2015 US$ | +2.9% |
| 2015 | 5.75 billion constant 2015 US$ | +1.2% |
| 2016 | 5.99 billion constant 2015 US$ | +4.3% |
| 2017 | 6.28 billion constant 2015 US$ | +4.7% |
| 2018 | 6.24 billion constant 2015 US$ | -0.6% |
| 2019 | 6.48 billion constant 2015 US$ | +3.8% |
| 2020 | 6.16 billion constant 2015 US$ | -4.8% |
| 2021 | 6.45 billion constant 2015 US$ | +4.6% |
| 2022 | 6.68 billion constant 2015 US$ | +3.6% |
| 2023 | 6.87 billion constant 2015 US$ | +2.8% |
| 2024 | 7.18 billion constant 2015 US$ | +4.6% |
| 2025 | 7.41 billion constant 2015 US$ | +3.2% |
Madagascar compared with similar countries
- Madagascar's 7.41 billion constant 2015 US$ is above the median for low income countries, which is 7.10 billion constant 2015 US$, 1.0× the median. (22 countries reporting)
- Madagascar's 7.41 billion constant 2015 US$ is above the median for Sub-Saharan Africa, which is 7.40 billion constant 2015 US$, 1.0× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.37 billion constant 2015 US$ | 2.98 billion constant 2015 US$ | 3.76 billion constant 2015 US$ | 5 |
| 2000s | 4.54 billion constant 2015 US$ | 3.55 billion constant 2015 US$ | 5.48 billion constant 2015 US$ | 10 |
| 2010s | 5.81 billion constant 2015 US$ | 5.31 billion constant 2015 US$ | 6.48 billion constant 2015 US$ | 10 |
| 2020s | 6.79 billion constant 2015 US$ | 6.16 billion constant 2015 US$ | 7.41 billion constant 2015 US$ | 6 |
Countries ranked near Madagascar
- 129 Nicaragua 7.76 billion constant 2015 US$ compare
- 130 Haiti 7.70 billion constant 2015 US$ compare
- 131 North Macedonia 7.44 billion constant 2015 US$ compare
- 133 Namibia 7.38 billion constant 2015 US$ compare
- 134 Palestine 7.00 billion constant 2015 US$ compare
- 135 Bermuda 6.85 billion constant 2015 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 services, value added in Madagascar?
- Services, value added in Madagascar was 7.41 billion constant 2015 US$ 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 7.41 billion constant 2015 US$ in 2025.
- What is the lowest services, value added recorded in Madagascar?
- The lowest recorded value was 2.98 billion constant 2015 US$ in 1995.
- How does Madagascar rank for services, value added?
- Madagascar ranks 132nd out of 196 countries with data for 2025.
- Is services, value added rising or falling in Madagascar?
- Over the last ten years it is up 28.9%. The long-run trend across the full record is rising.
- 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 (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
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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 defense, 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.