Taxes on incomes of individuals and corporations as share of GDP in Madagascar
Madagascar: Taxes on incomes of individuals and corporations as share of GDP was 2.9% in 2023. ▲ Rising
Taxes on incomes of individuals and corporations as share of GDP in Madagascar, 1990–2023
Source: UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for taxes on incomes of individuals and corporations as share of gdp in Madagascar is 2.9%, measured in 2023. That is the highest value across all 34 years on record.
Compared with earlier readings it is up 0.9% on the previous year and up 41.4% over ten years.
Over the whole period, taxes on incomes of individuals and corporations as share of gdp in Madagascar peaked at 2.9% in 2023 and was at its lowest, 1.0%, in 1995.
That places Madagascar 156th out of 184 countries with data for 2023, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 34 years of available data.
Taxes on incomes of individuals and corporations as share of GDP in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 1990 | 1.2% | — |
| 1991 | 1.1% | -9.0% |
| 1992 | 1.0% | -3.6% |
| 1993 | 1.3% | +27.9% |
| 1994 | 1.4% | +4.7% |
| 1995 | 1.0% | -26.5% |
| 1996 | 1.3% | +25.7% |
| 1997 | 1.5% | +17.7% |
| 1998 | 1.4% | -6.4% |
| 1999 | 1.5% | +4.3% |
| 2000 | 1.6% | +10.6% |
| 2001 | 1.8% | +11.1% |
| 2002 | 1.6% | -11.7% |
| 2003 | 1.6% | +0.8% |
| 2004 | 1.9% | +16.8% |
| 2005 | 2.1% | +10.3% |
| 2006 | 2.5% | +21.3% |
| 2007 | 2.4% | -4.1% |
| 2008 | 2.9% | +20.2% |
| 2009 | 2.5% | -15.0% |
| 2010 | 2.4% | -5.1% |
| 2011 | 2.3% | -2.9% |
| 2012 | 2.0% | -11.6% |
| 2013 | 2.1% | +3.1% |
| 2014 | 2.0% | -2.8% |
| 2015 | 2.1% | +5.2% |
| 2016 | 2.3% | +10.2% |
| 2017 | 2.4% | +4.2% |
| 2018 | 2.6% | +4.8% |
| 2019 | 2.8% | +10.0% |
| 2020 | 2.6% | -6.3% |
| 2021 | 2.6% | -0.2% |
| 2022 | 2.9% | +10.6% |
| 2023 | 2.9% | +0.9% |
Madagascar compared with similar countries
- Madagascar's 2.9% is below the median for low income countries, which is 4.1%, 71% of the median. (21 countries reporting)
- Madagascar's 2.9% is below the median for Sub-Saharan Africa, which is 4.7%, 62% of the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.3% | 1.0% | 1.5% | 10 |
| 2000s | 2.1% | 1.6% | 2.9% | 10 |
| 2010s | 2.3% | 2.0% | 2.8% | 10 |
| 2020s | 2.8% | 2.6% | 2.9% | 4 |
Countries ranked near Madagascar
- 153 Dominica 3.2% compare
- 154 North Macedonia 3.1% compare
- 155 Gambia 3.0% compare
- 157 Mauritania 2.9% compare
- 158 Sierra Leone 2.9% compare
- 159 Guinea-Bissau 2.9% compare
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 taxes on incomes of individuals and corporations as share of gdp in Madagascar?
- Taxes on incomes of individuals and corporations as share of gdp in Madagascar was 2.9% in 2023, according to UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data.
- What is the highest taxes on incomes of individuals and corporations as share of gdp recorded in Madagascar?
- The highest recorded value was 2.9% in 2023.
- What is the lowest taxes on incomes of individuals and corporations as share of gdp recorded in Madagascar?
- The lowest recorded value was 1.0% in 1995.
- How does Madagascar rank for taxes on incomes of individuals and corporations as share of gdp?
- Madagascar ranks 156th out of 184 countries with data for 2023.
- Is taxes on incomes of individuals and corporations as share of gdp rising or falling in Madagascar?
- Over the last ten years it is up 41.4%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from UNU-WIDER Government Revenue Dataset (2025) – with major processing by Our World in Data, published as part of Taxes on incomes of individuals and corporations as share of GDP. Statizoid updates them automatically from the source API.
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About this data
Tax revenue on incomes, profits and capital gains divided by gross domestic product, expressed as a percentage.