Services, value added (constant LCU) in Madagascar
Madagascar: Services, value added (constant LCU) was 10.84 trillion constant LCU in 2025. ▲ Rising
Services, value added in Madagascar, 1995–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in constant LCU.
Analysis
Madagascar recorded 10.84 trillion constant LCU for services, value added in 2025. 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 10.84 trillion constant LCU in 2025 and was at its lowest, 4.36 trillion constant LCU, in 1995.
Madagascar ranks 32nd of 199 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 31 years of available data.
Services, value added (constant LCU) in Madagascar, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1995 | 4.36 trillion constant LCU | — |
| 1996 | 4.68 trillion constant LCU | +7.5% |
| 1997 | 4.92 trillion constant LCU | +5.2% |
| 1998 | 5.18 trillion constant LCU | +5.3% |
| 1999 | 5.50 trillion constant LCU | +6.1% |
| 2000 | 5.78 trillion constant LCU | +5.1% |
| 2001 | 6.11 trillion constant LCU | +5.7% |
| 2002 | 5.19 trillion constant LCU | -15.0% |
| 2003 | 5.86 trillion constant LCU | +12.9% |
| 2004 | 6.24 trillion constant LCU | +6.5% |
| 2005 | 6.63 trillion constant LCU | +6.3% |
| 2006 | 7.13 trillion constant LCU | +7.6% |
| 2007 | 7.67 trillion constant LCU | +7.6% |
| 2008 | 8.02 trillion constant LCU | +4.5% |
| 2009 | 7.76 trillion constant LCU | -3.2% |
| 2010 | 7.77 trillion constant LCU | +0.1% |
| 2011 | 7.82 trillion constant LCU | +0.6% |
| 2012 | 8.01 trillion constant LCU | +2.5% |
| 2013 | 8.08 trillion constant LCU | +0.8% |
| 2014 | 8.31 trillion constant LCU | +2.9% |
| 2015 | 8.41 trillion constant LCU | +1.2% |
| 2016 | 8.77 trillion constant LCU | +4.3% |
| 2017 | 9.18 trillion constant LCU | +4.7% |
| 2018 | 9.13 trillion constant LCU | -0.6% |
| 2019 | 9.48 trillion constant LCU | +3.8% |
| 2020 | 9.02 trillion constant LCU | -4.8% |
| 2021 | 9.43 trillion constant LCU | +4.6% |
| 2022 | 9.78 trillion constant LCU | +3.6% |
| 2023 | 10.05 trillion constant LCU | +2.8% |
| 2024 | 10.51 trillion constant LCU | +4.6% |
| 2025 | 10.84 trillion constant LCU | +3.2% |
Madagascar compared with similar countries
- Madagascar's 10.84 trillion constant LCU is above the median for low income countries, which is 826.12 billion constant LCU, 13.1× the median. (22 countries reporting)
- Madagascar's 10.84 trillion constant LCU is above the median for Sub-Saharan Africa, which is 1.66 trillion constant LCU, 6.5× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.93 trillion constant LCU | 4.36 trillion constant LCU | 5.50 trillion constant LCU | 5 |
| 2000s | 6.64 trillion constant LCU | 5.19 trillion constant LCU | 8.02 trillion constant LCU | 10 |
| 2010s | 8.49 trillion constant LCU | 7.77 trillion constant LCU | 9.48 trillion constant LCU | 10 |
| 2020s | 9.94 trillion constant LCU | 9.02 trillion constant LCU | 10.84 trillion constant LCU | 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 10.84 trillion constant LCU 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 10.84 trillion constant LCU in 2025.
- What is the lowest services, value added recorded in Madagascar?
- The lowest recorded value was 4.36 trillion constant LCU in 1995.
- How does Madagascar rank for services, value added?
- Madagascar ranks 32nd out of 199 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 LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.