Terms of trade adjustment in Madagascar

Madagascar: Terms of trade adjustment was -328.58 billion constant LCU in 2025. ◆ Volatile

Latest (2025)
-328.58 billion constant LCU
Change on year
down 197.2%
World rank
162nd
of 178 countries
All-time high
1.81 trillion constant LCU
in 2016
All-time low
-598.92 billion constant LCU
in 1989
Years of data
66
1960–2025

Terms of trade adjustment in Madagascar, 1960–2025

-500.0B0500.0B1.0T1.5T2.0T196019922025

Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.

Analysis

Madagascar recorded -328.58 billion constant LCU for terms of trade adjustment in 2025.

The figure is down 197.2% on the previous year and down 134.4% over ten years.

Over the whole period, terms of trade adjustment in Madagascar peaked at 1.81 trillion constant LCU in 2016 and was at its lowest, -598.92 billion constant LCU, in 1989.

Madagascar ranks 162nd of 178 countries on this measure, in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

Terms of trade adjustment in Madagascar, year by year

Annual values for Terms of trade adjustment (constant LCU) in Madagascar, 1960 to 2025.
Year constant LCU Change
1960 419.30 billion constant LCU
1961 379.69 billion constant LCU -9.4%
1962 398.95 billion constant LCU +5.1%
1963 464.94 billion constant LCU +16.5%
1964 482.55 billion constant LCU +3.8%
1965 288.93 billion constant LCU -40.1%
1966 615.24 billion constant LCU +112.9%
1967 595.10 billion constant LCU -3.3%
1968 720.85 billion constant LCU +21.1%
1969 813.00 billion constant LCU +12.8%
1970 1.30 trillion constant LCU +59.9%
1971 955.52 billion constant LCU -26.5%
1972 933.91 billion constant LCU -2.3%
1973 805.83 billion constant LCU -13.7%
1974 393.81 billion constant LCU -51.1%
1975 139.87 billion constant LCU -64.5%
1976 272.78 billion constant LCU +95.0%
1977 246.80 billion constant LCU -9.5%
1978 -21.67 billion constant LCU -108.8%
1979 -395.20 billion constant LCU +1724.0%
1980 197.55 billion constant LCU -150.0%
1981 152.80 billion constant LCU -22.7%
1982 146.25 billion constant LCU -4.3%
1983 139.76 billion constant LCU -4.4%
1984 227.07 billion constant LCU +62.5%
1985 263.85 billion constant LCU +16.2%
1986 182.07 billion constant LCU -31.0%
1987 76.14 billion constant LCU -58.2%
1988 -34.41 billion constant LCU -145.2%
1989 -598.92 billion constant LCU +1640.7%
1990 -365.31 billion constant LCU -39.0%
1991 -444.13 billion constant LCU +21.6%
1992 -506.62 billion constant LCU +14.1%
1993 -520.20 billion constant LCU +2.7%
1994 -452.05 billion constant LCU -13.1%
1995 -453.79 billion constant LCU +0.4%
1996 -371.80 billion constant LCU -18.1%
1997 -435.10 billion constant LCU +17.0%
1998 -199.54 billion constant LCU -54.1%
1999 -356.16 billion constant LCU +78.5%
2000 -340.39 billion constant LCU -4.4%
2001 265.56 billion constant LCU -178.0%
2002 370.21 billion constant LCU +39.4%
2003 476.70 billion constant LCU +28.8%
2004 447.13 billion constant LCU -6.2%
2005 325.90 billion constant LCU -27.1%
2006 385.56 billion constant LCU +18.3%
2007 0 constant LCU -100.0%
2008 57.67 billion constant LCU
2009 -378.37 billion constant LCU -756.1%
2010 16.77 billion constant LCU -104.4%
2011 302.08 billion constant LCU +1701.4%
2012 568.52 billion constant LCU +88.2%
2013 628.14 billion constant LCU +10.5%
2014 283.27 billion constant LCU -54.9%
2015 956.47 billion constant LCU +237.7%
2016 1.81 trillion constant LCU +89.2%
2017 704.14 billion constant LCU -61.1%
2018 1.21 trillion constant LCU +72.5%
2019 231.81 billion constant LCU -80.9%
2020 829.97 billion constant LCU +258.0%
2021 153.59 billion constant LCU -81.5%
2022 344.62 billion constant LCU +124.4%
2023 -584.60 billion constant LCU -269.6%
2024 338.11 billion constant LCU -157.8%
2025 -328.58 billion constant LCU -197.2%

Averages by decade

DecadeAverage LowestHighest Years
1960s 517.85 billion constant LCU 288.93 billion constant LCU 813.00 billion constant LCU 10
1970s 463.18 billion constant LCU -395.20 billion constant LCU 1.30 trillion constant LCU 10
1980s 75.22 billion constant LCU -598.92 billion constant LCU 263.85 billion constant LCU 10
1990s -410.47 billion constant LCU -520.20 billion constant LCU -199.54 billion constant LCU 10
2000s 161.00 billion constant LCU -378.37 billion constant LCU 476.70 billion constant LCU 10
2010s 671.50 billion constant LCU 16.77 billion constant LCU 1.81 trillion constant LCU 10
2020s 125.52 billion constant LCU -584.60 billion constant LCU 829.97 billion constant LCU 6

Countries ranked near Madagascar

  1. 159 Saudi Arabia -210.18 billion constant LCU compare
  2. 160 Egypt -242.03 billion constant LCU compare
  3. 161 Sri Lanka -265.67 billion constant LCU compare
  4. 163 Thailand -333.72 billion constant LCU compare
  5. 164 Malawi -336.39 billion constant LCU compare
  6. 165 Armenia -348.18 billion constant LCU compare

See the full ranking of 178 places →

More economy & growth data for Madagascar

All data for Madagascar →

Frequently asked questions

What is terms of trade adjustment in Madagascar?
Terms of trade adjustment in Madagascar was -328.58 billion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
What is the highest terms of trade adjustment recorded in Madagascar?
The highest recorded value was 1.81 trillion constant LCU in 2016.
What is the lowest terms of trade adjustment recorded in Madagascar?
The lowest recorded value was -598.92 billion constant LCU in 1989.
How does Madagascar rank for terms of trade adjustment?
Madagascar ranks 162nd out of 178 countries with data for 2025.
Is terms of trade adjustment rising or falling in Madagascar?
Over the last ten years it is down 134.4%. The long-run trend across the full record is volatile.
Where does this Madagascar data come from?
The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Terms of trade adjustment (constant LCU). Statizoid updates them automatically from the source API.

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Terms of trade adjustment in Madagascar. Statizoid, drawing on Country official statistics, National Statistical Organizations and/or Central Banks. Retrieved 25 August 2026, from https://economy.statizoid.com/stat/terms-of-trade-adjustment-constant-lcu/madagascar/

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About this data

Indicator
Terms of trade adjustment (constant LCU)
Unit
constant LCU
Source
Country official statistics, National Statistical Organizations and/or Central Banks
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
178 places, 7,583 data points, 1960–2025
Last refreshed

The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. 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.