Total debt service in Madagascar
Madagascar: Total debt service was 1.7% in 2024. ◆ Volatile
Total debt service in Madagascar, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of GNI.
Analysis
In 2024, total debt service in Madagascar stood at 1.7%.
That represents a change of up 0.6% on the previous year and up 109.7% over ten years.
Over the whole period, total debt service in Madagascar peaked at 8.1% in 1987 and was at its lowest, 0.4%, in 2008.
Madagascar ranks 100th of 121 countries on this measure, 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 GNI | Change |
|---|---|---|
| 1970 | 5.5% | — |
| 1971 | 5.6% | +1.7% |
| 1972 | 5.5% | -2.9% |
| 1973 | 5.1% | -6.5% |
| 1974 | 4.5% | -11.7% |
| 1975 | 2.8% | -37.4% |
| 1976 | 0.5% | -82.1% |
| 1977 | 6.2% | +1126.1% |
| 1978 | 0.8% | -87.1% |
| 1979 | 1.1% | +39.6% |
| 1980 | 1.9% | +74.3% |
| 1981 | 2.4% | +20.8% |
| 1982 | 2.3% | -0.4% |
| 1983 | 1.8% | -22.9% |
| 1984 | 3.3% | +80.6% |
| 1985 | 4.1% | +25.0% |
| 1986 | 5.0% | +23.3% |
| 1987 | 8.1% | +60.5% |
| 1988 | 7.3% | -10.0% |
| 1989 | 7.9% | +9.3% |
| 1990 | 5.9% | -25.6% |
| 1991 | 5.2% | -12.0% |
| 1992 | 2.7% | -48.0% |
| 1993 | 2.0% | -26.1% |
| 1994 | 1.9% | -2.9% |
| 1995 | 1.6% | -18.2% |
| 1996 | 1.7% | +9.4% |
| 1997 | 5.1% | +193.2% |
| 1998 | 2.9% | -43.0% |
| 1999 | 3.8% | +30.5% |
| 2000 | 2.6% | -32.1% |
| 2001 | 1.3% | -50.8% |
| 2002 | 1.2% | -1.8% |
| 2003 | 1.1% | -9.7% |
| 2004 | 1.7% | +47.9% |
| 2005 | 1.4% | -16.3% |
| 2006 | 1.0% | -30.0% |
| 2007 | 0.4% | -57.8% |
| 2008 | 0.4% | -9.6% |
| 2009 | 0.5% | +42.1% |
| 2010 | 0.6% | +19.9% |
| 2011 | 0.4% | -29.8% |
| 2012 | 0.6% | +45.8% |
| 2013 | 0.6% | -7.0% |
| 2014 | 0.8% | +35.4% |
| 2015 | 1.3% | +57.6% |
| 2016 | 1.1% | -16.3% |
| 2017 | 1.0% | -4.3% |
| 2018 | 1.0% | -4.6% |
| 2019 | 0.9% | -5.7% |
| 2020 | 1.0% | +12.9% |
| 2021 | 1.2% | +14.2% |
| 2022 | 1.4% | +20.8% |
| 2023 | 1.7% | +17.8% |
| 2024 | 1.7% | +0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.8% | 0.5% | 6.2% | 10 |
| 1980s | 4.4% | 1.8% | 8.1% | 10 |
| 1990s | 3.3% | 1.6% | 5.9% | 10 |
| 2000s | 1.2% | 0.4% | 2.6% | 10 |
| 2010s | 0.8% | 0.4% | 1.3% | 10 |
| 2020s | 1.4% | 1.0% | 1.7% | 5 |
Countries ranked near Madagascar
- 97 Bangladesh 1.8% compare
- 98 Guinea-Bissau 1.8% compare
- 99 Guatemala 1.8% compare
- 101 Solomon Islands 1.6% compare
- 102 Comoros 1.5% compare
- 103 Malawi 1.5% compare
More economy & growth data for Madagascar
- Industry (including construction), value added (constant 2015 US$) 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.156 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 93.46 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual 4.5 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 326.78 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 195,828 constant LCU per person (2025)
- 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)
Frequently asked questions
- What is total debt service in Madagascar?
- Total debt service in Madagascar was 1.7% 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 8.1% in 1987.
- What is the lowest total debt service recorded in Madagascar?
- The lowest recorded value was 0.4% in 2008.
- How does Madagascar rank for total debt service?
- Madagascar ranks 100th out of 121 countries with data for 2024.
- Is total debt service rising or falling in Madagascar?
- Over the last ten years it is up 109.7%. 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 GNI). Statizoid updates them automatically from the source API.
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About this data
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.