Share of service in total exports in Madagascar
Madagascar: Share of service in total exports was 2.58 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
2.58 billion BoP, current US$
Change on year
down 16.8%
World rank
137th
of 198 countries
All-time high
3.55 billion BoP, current US$
in 2022
All-time low
240.17 million BoP, current US$
in 1974
Years of data
51
1974–2024
Share of service in total exports in Madagascar, 1974–2024
Source: International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data. Measured in BoP, current US$.
Analysis
In 2024, share of service in total exports in Madagascar stood at 2.58 billion BoP, current US$.
That represents a change of down 16.8% on the previous year and up 17.4% over ten years.
Over the whole period, share of service in total exports in Madagascar peaked at 3.55 billion BoP, current US$ in 2022 and was at its lowest, 240.17 million BoP, current US$, in 1974.
That places Madagascar 137th out of 198 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Share of service in total exports in Madagascar, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1974 | 240.17 million BoP, current US$ | — |
| 1975 | 319.53 million BoP, current US$ | +33.0% |
| 1976 | 289.01 million BoP, current US$ | -9.6% |
| 1977 | 350.66 million BoP, current US$ | +21.3% |
| 1978 | 405.00 million BoP, current US$ | +15.5% |
| 1979 | 413.78 million BoP, current US$ | +2.2% |
| 1980 | 436.44 million BoP, current US$ | +5.5% |
| 1981 | 331.91 million BoP, current US$ | -24.0% |
| 1982 | 327.22 million BoP, current US$ | -1.4% |
| 1983 | 309.93 million BoP, current US$ | -5.3% |
| 1984 | 337.14 million BoP, current US$ | +8.8% |
| 1985 | 291.29 million BoP, current US$ | -13.6% |
| 1986 | 322.99 million BoP, current US$ | +10.9% |
| 1987 | 326.50 million BoP, current US$ | +1.1% |
| 1988 | 284.50 million BoP, current US$ | -12.9% |
| 1989 | 321.33 million BoP, current US$ | +12.9% |
| 1990 | 317.61 million BoP, current US$ | -1.2% |
| 1991 | 335.10 million BoP, current US$ | +5.5% |
| 1992 | 326.25 million BoP, current US$ | -2.6% |
| 1993 | 334.56 million BoP, current US$ | +2.5% |
| 1994 | 449.70 million BoP, current US$ | +34.4% |
| 1995 | 504.92 million BoP, current US$ | +12.3% |
| 1996 | 487.52 million BoP, current US$ | -3.4% |
| 1997 | 325.78 million BoP, current US$ | -33.2% |
| 1998 | 336.75 million BoP, current US$ | +3.4% |
| 1999 | 393.58 million BoP, current US$ | +16.9% |
| 2000 | 416.35 million BoP, current US$ | +5.8% |
| 2001 | 533.28 million BoP, current US$ | +28.1% |
| 2002 | 500.91 million BoP, current US$ | -6.1% |
| 2003 | 449.48 million BoP, current US$ | -10.3% |
| 2004 | 449.30 million BoP, current US$ | -0.0% |
| 2005 | 830.78 million BoP, current US$ | +84.9% |
| 2006 | 968.90 million BoP, current US$ | +16.6% |
| 2007 | 1.24 billion BoP, current US$ | +27.9% |
| 2008 | 1.31 billion BoP, current US$ | +6.1% |
| 2009 | 1.05 billion BoP, current US$ | -19.8% |
| 2010 | 1.15 billion BoP, current US$ | +9.1% |
| 2011 | 1.47 billion BoP, current US$ | +28.1% |
| 2012 | 1.52 billion BoP, current US$ | +2.9% |
| 2013 | 1.82 billion BoP, current US$ | +20.2% |
| 2014 | 2.19 billion BoP, current US$ | +20.3% |
| 2015 | 2.05 billion BoP, current US$ | -6.7% |
| 2016 | 2.16 billion BoP, current US$ | +5.6% |
| 2017 | 2.80 billion BoP, current US$ | +29.8% |
| 2018 | 3.04 billion BoP, current US$ | +8.2% |
| 2019 | 2.61 billion BoP, current US$ | -14.0% |
| 2020 | 1.95 billion BoP, current US$ | -25.4% |
| 2021 | 2.71 billion BoP, current US$ | +39.0% |
| 2022 | 3.55 billion BoP, current US$ | +31.0% |
| 2023 | 3.09 billion BoP, current US$ | -12.8% |
| 2024 | 2.58 billion BoP, current US$ | -16.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 336.36 million BoP, current US$ | 240.17 million BoP, current US$ | 413.78 million BoP, current US$ | 6 |
| 1980s | 328.92 million BoP, current US$ | 284.50 million BoP, current US$ | 436.44 million BoP, current US$ | 10 |
| 1990s | 381.18 million BoP, current US$ | 317.61 million BoP, current US$ | 504.92 million BoP, current US$ | 10 |
| 2000s | 775.60 million BoP, current US$ | 416.35 million BoP, current US$ | 1.31 billion BoP, current US$ | 10 |
| 2010s | 2.08 billion BoP, current US$ | 1.15 billion BoP, current US$ | 3.04 billion BoP, current US$ | 10 |
| 2020s | 2.77 billion BoP, current US$ | 1.95 billion BoP, current US$ | 3.55 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 134 Rwanda 3.20 billion BoP, current US$ compare
- 135 Palestine, State of 3.01 billion BoP, current US$ compare
- 136 Suriname 2.97 billion BoP, current US$ compare
- 138 San Marino 2.53 billion BoP, current US$ compare
- 139 Mauritius 2.37 billion BoP, current US$ compare
- 140 Eswatini 2.33 billion BoP, current US$ compare
More economy & growth data for Madagascar
- Services, value added (current US$), annual growth rate 10.46 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4883 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 292.6 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 10.57 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 2,212 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 1.33 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 3.21 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3777 constant 2015 US$ per US$ of GDP (2025)
- Services, value added (constant 2015 US$), per capita 226.35 constant 2015 US$ per person (2025)
- Services, value added (constant LCU), per capita 331,202 constant LCU per person (2025)
Frequently asked questions
- What is share of service in total exports in Madagascar?
- Share of service in total exports in Madagascar was 2.58 billion BoP, current US$ in 2024, according to International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data.
- What is the highest share of service in total exports recorded in Madagascar?
- The highest recorded value was 3.55 billion BoP, current US$ in 2022.
- What is the lowest share of service in total exports recorded in Madagascar?
- The lowest recorded value was 240.17 million BoP, current US$ in 1974.
- How does Madagascar rank for share of service in total exports?
- Madagascar ranks 137th out of 198 countries with data for 2024.
- Is share of service in total exports rising or falling in Madagascar?
- Over the last ten years it is up 17.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund (IMF), via World Bank (2026) – processed by Our World in Data, published as part of Share of service in total exports. Statizoid updates them automatically from the source API.
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About this data
Services refer to economic output of intangible commodities that may be produced, transferred, and consumed at the same time. The share of services in total exports comes from comparing trade in goods and services at current US dollars.