Short-term debt in Madagascar
Madagascar: Short-term debt was 2.4% in 2024. ◆ Volatile
Short-term debt in Madagascar, 1974–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Madagascar recorded 2.4% for short-term debt in 2024.
The figure is down 17.0% on the previous year and down 69.8% over ten years.
Over the whole period, short-term debt in Madagascar peaked at 75.6% in 1993 and was at its lowest, 0.0%, in 1975.
Madagascar ranks 97th of 119 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt in Madagascar, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 0.0% | — |
| 1975 | 0.0% | -22.3% |
| 1976 | 0.0% | +11.0% |
| 1977 | 11.9% | +36320.5% |
| 1978 | 10.2% | -14.6% |
| 1979 | 33.3% | +227.9% |
| 1980 | 47.0% | +41.1% |
| 1981 | 23.2% | -50.7% |
| 1982 | 26.8% | +15.7% |
| 1983 | 50.0% | +86.4% |
| 1984 | 28.8% | -42.3% |
| 1985 | 33.4% | +15.8% |
| 1986 | 41.1% | +23.0% |
| 1987 | 32.9% | -19.9% |
| 1988 | 38.4% | +16.5% |
| 1989 | 26.2% | -31.7% |
| 1990 | 45.9% | +75.2% |
| 1991 | 53.8% | +17.3% |
| 1992 | 66.4% | +23.4% |
| 1993 | 75.6% | +13.8% |
| 1994 | 72.1% | -4.6% |
| 1995 | 71.9% | -0.2% |
| 1996 | 66.2% | -8.0% |
| 1997 | 24.9% | -62.4% |
| 1998 | 33.0% | +32.3% |
| 1999 | 43.1% | +30.8% |
| 2000 | 35.7% | -17.3% |
| 2001 | 23.0% | -35.4% |
| 2002 | 20.5% | -11.2% |
| 2003 | 18.9% | -7.6% |
| 2004 | 8.1% | -56.9% |
| 2005 | 7.3% | -9.8% |
| 2006 | 13.3% | +80.6% |
| 2007 | 34.7% | +161.6% |
| 2008 | 22.5% | -35.1% |
| 2009 | 32.4% | +44.1% |
| 2010 | 19.1% | -41.0% |
| 2011 | 15.6% | -18.7% |
| 2012 | 16.1% | +3.6% |
| 2013 | 10.8% | -32.7% |
| 2014 | 8.0% | -26.6% |
| 2015 | 6.4% | -19.4% |
| 2016 | 6.0% | -6.8% |
| 2017 | 4.2% | -29.2% |
| 2018 | 6.1% | +43.4% |
| 2019 | 6.8% | +11.9% |
| 2020 | 10.4% | +52.6% |
| 2021 | 6.8% | -34.8% |
| 2022 | 3.8% | -43.9% |
| 2023 | 2.9% | -23.6% |
| 2024 | 2.4% | -17.0% |
Madagascar compared with similar countries
- Madagascar's 2.4% is below the median for low income countries, which is 4.9%, 49% of the median. (21 countries reporting)
- Madagascar's 2.4% is below the median for Sub-Saharan Africa, which is 9.1%, 27% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Short-term debt 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 |
|---|---|---|---|
| 1977 | +36320.5% | 0.0% | 11.9% |
| 1979 | +227.9% | 10.2% | 33.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.2% | 0.0% | 33.3% | 6 |
| 1980s | 34.8% | 23.2% | 50.0% | 10 |
| 1990s | 55.3% | 24.9% | 75.6% | 10 |
| 2000s | 21.6% | 7.3% | 35.7% | 10 |
| 2010s | 9.9% | 4.2% | 19.1% | 10 |
| 2020s | 5.2% | 2.4% | 10.4% | 5 |
Countries ranked near Madagascar
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 short-term debt in Madagascar?
- Short-term debt in Madagascar was 2.4% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Madagascar?
- The highest recorded value was 75.6% in 1993.
- What is the lowest short-term debt recorded in Madagascar?
- The lowest recorded value was 0.0% in 1975.
- How does Madagascar rank for short-term debt?
- Madagascar ranks 97th out of 119 countries with data for 2024.
- Is short-term debt rising or falling in Madagascar?
- Over the last ten years it is down 69.8%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Short-term debt (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
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About this data
Short-term external debt is defined as debt that has an original maturity of one year or less. Available data permit no distinction between public and private nonguaranteed short-term debt. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.