Total debt service in Madagascar
Madagascar: Total debt service was 7.2% in 2024. ◆ Volatile
Total debt service in Madagascar, 1974–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Madagascar recorded 7.2% for total debt service in 2024.
That represents a change of up 17.6% on the previous year and up 158.5% over ten years.
Over the whole period, total debt service in Madagascar peaked at 56.8% in 1987 and was at its lowest, 1.4%, in 2008.
That places Madagascar 99th out of 120 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Total debt service in Madagascar, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1974 | 29.9% | — |
| 1975 | 16.6% | -44.5% |
| 1976 | 3.3% | -80.2% |
| 1977 | 37.8% | +1046.8% |
| 1978 | 4.8% | -87.3% |
| 1979 | 7.9% | +63.7% |
| 1980 | 19.4% | +146.2% |
| 1981 | 27.6% | +42.7% |
| 1982 | 28.7% | +4.0% |
| 1983 | 23.0% | -19.8% |
| 1984 | 31.0% | +34.6% |
| 1985 | 42.3% | +36.4% |
| 1986 | 52.3% | +23.6% |
| 1987 | 56.8% | +8.7% |
| 1988 | 52.5% | -7.5% |
| 1989 | 50.2% | -4.3% |
| 1990 | 45.9% | -8.7% |
| 1991 | 32.9% | -28.2% |
| 1992 | 19.0% | -42.2% |
| 1993 | 14.9% | -21.7% |
| 1994 | 9.9% | -33.4% |
| 1995 | 7.7% | -22.3% |
| 1996 | 10.5% | +36.5% |
| 1997 | 32.1% | +205.5% |
| 1998 | 18.0% | -44.0% |
| 1999 | 21.4% | +18.6% |
| 2000 | 13.9% | -34.7% |
| 2001 | 6.5% | -53.2% |
| 2002 | 5.7% | -12.1% |
| 2003 | 8.5% | +48.8% |
| 2004 | 8.9% | +4.2% |
| 2005 | 5.9% | -33.4% |
| 2006 | 3.6% | -38.3% |
| 2007 | 1.5% | -58.8% |
| 2008 | 1.4% | -3.6% |
| 2009 | 2.5% | +72.4% |
| 2010 | 2.8% | +12.0% |
| 2011 | 1.8% | -34.8% |
| 2012 | 2.5% | +37.2% |
| 2013 | 2.3% | -9.1% |
| 2014 | 2.8% | +22.2% |
| 2015 | 4.4% | +59.3% |
| 2016 | 3.6% | -18.7% |
| 2017 | 3.2% | -12.3% |
| 2018 | 2.9% | -6.7% |
| 2019 | 3.1% | +3.8% |
| 2020 | 5.0% | +64.8% |
| 2021 | 4.9% | -1.7% |
| 2022 | 4.6% | -7.8% |
| 2023 | 6.1% | +33.8% |
| 2024 | 7.2% | +17.6% |
Madagascar compared with similar countries
- Madagascar's 7.2% is below the median for low income countries, which is 9.3%, 77% of the median. (22 countries reporting)
- Madagascar's 7.2% is below the median for Sub-Saharan Africa, which is 11.8%, 61% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Total debt service 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 | +1046.8% | 3.3% | 37.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.7% | 3.3% | 37.8% | 6 |
| 1980s | 38.4% | 19.4% | 56.8% | 10 |
| 1990s | 21.2% | 7.7% | 45.9% | 10 |
| 2000s | 5.9% | 1.4% | 13.9% | 10 |
| 2010s | 2.9% | 1.8% | 4.4% | 10 |
| 2020s | 5.6% | 4.6% | 7.2% | 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 total debt service in Madagascar?
- Total debt service in Madagascar was 7.2% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Madagascar?
- The highest recorded value was 56.8% in 1987.
- What is the lowest total debt service recorded in Madagascar?
- The lowest recorded value was 1.4% in 2008.
- How does Madagascar rank for total debt service?
- Madagascar ranks 99th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Madagascar?
- Over the last ten years it is up 158.5%. 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 Total debt service (% 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
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.