Trade in services (% of GDP) in Madagascar
Madagascar: Trade in services (% of GDP) was 15.9% in 2025. ▲ Rising
Trade in services in Madagascar, 1974–2025
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for trade in services in Madagascar is 15.9%, measured in 2025.
The figure is down 0.4% on the previous year and down 19.9% over ten years.
Over the whole period, trade in services in Madagascar peaked at 26.9% in 2008 and was at its lowest, 4.6%, in 1983.
That places Madagascar 125th out of 200 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 52 years of available data.
Trade in services (% of GDP) in Madagascar, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 7.7% | — |
| 1975 | 9.2% | +19.6% |
| 1976 | 7.9% | -14.0% |
| 1977 | 7.3% | -8.3% |
| 1978 | 7.6% | +5.2% |
| 1979 | 9.8% | +28.8% |
| 1980 | 7.5% | -23.7% |
| 1981 | 6.0% | -20.0% |
| 1982 | 5.2% | -13.1% |
| 1983 | 4.6% | -11.0% |
| 1984 | 5.3% | +15.1% |
| 1985 | 5.9% | +11.2% |
| 1986 | 6.4% | +8.6% |
| 1987 | 10.0% | +55.6% |
| 1988 | 11.6% | +15.2% |
| 1989 | 11.4% | -1.5% |
| 1990 | 10.1% | -11.7% |
| 1991 | 12.2% | +21.4% |
| 1992 | 12.4% | +1.7% |
| 1993 | 13.3% | +6.9% |
| 1994 | 16.7% | +26.1% |
| 1995 | 18.3% | +9.5% |
| 1996 | 14.4% | -21.6% |
| 1997 | 16.4% | +14.4% |
| 1998 | 17.5% | +6.6% |
| 1999 | 18.5% | +5.8% |
| 2000 | 20.1% | +8.3% |
| 2001 | 18.3% | -9.0% |
| 2002 | 24.1% | +32.0% |
| 2003 | 15.4% | -36.1% |
| 2004 | 21.8% | +41.6% |
| 2005 | 20.4% | -6.3% |
| 2006 | 22.9% | +12.4% |
| 2007 | 25.5% | +11.1% |
| 2008 | 26.9% | +5.7% |
| 2009 | 22.0% | -18.2% |
| 2010 | 22.3% | +1.0% |
| 2011 | 22.0% | -1.0% |
| 2012 | 22.7% | +3.0% |
| 2013 | 21.8% | -3.8% |
| 2014 | 21.1% | -3.3% |
| 2015 | 19.8% | -6.2% |
| 2016 | 20.0% | +1.0% |
| 2017 | 19.6% | -2.1% |
| 2018 | 19.6% | +0.2% |
| 2019 | 19.1% | -2.5% |
| 2020 | 11.6% | -39.5% |
| 2021 | 12.2% | +5.1% |
| 2022 | 17.5% | +43.6% |
| 2023 | 15.7% | -10.3% |
| 2024 | 15.9% | +1.7% |
| 2025 | 15.9% | -0.4% |
Madagascar compared with similar countries
- Madagascar's 15.9% is above the median for low income countries, which is 11.3%, 1.4× the median. (23 countries reporting)
- Madagascar's 15.9% is above the median for Sub-Saharan Africa, which is 12.7%, 1.2× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.3% | 7.3% | 9.8% | 6 |
| 1980s | 7.4% | 4.6% | 11.6% | 10 |
| 1990s | 15.0% | 10.1% | 18.5% | 10 |
| 2000s | 21.7% | 15.4% | 26.9% | 10 |
| 2010s | 20.8% | 19.1% | 22.7% | 10 |
| 2020s | 14.8% | 11.6% | 17.5% | 6 |
Countries ranked near Madagascar
- 122 Cambodia 16.7% compare
- 123 Mozambique 16.5% compare
- 124 Burundi 16.5% compare
- 126 Dominican Republic 15.8% compare
- 127 Uruguay 15.6% compare
- 128 Uzbekistan 15.6% compare
More economy & growth data for Madagascar
- SDRs holdings, US dollar, annual growth rate 102.48 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0027 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1.59 units per person (2025)
- SDRs holdings, SDR, annual growth rate 92.82 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0019 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1.16 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0149 units per US$ of GDP (2025)
- IMF holdings of currency, US dollar, per capita 8.94 units per person (2025)
- IMF holdings of currency, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is trade in services in Madagascar?
- Trade in services in Madagascar was 15.9% in 2025, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest trade in services recorded in Madagascar?
- The highest recorded value was 26.9% in 2008.
- What is the lowest trade in services recorded in Madagascar?
- The lowest recorded value was 4.6% in 1983.
- How does Madagascar rank for trade in services?
- Madagascar ranks 125th out of 200 countries with data for 2025.
- Is trade in services rising or falling in Madagascar?
- Over the last ten years it is down 19.9%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Trade in services (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Total trade in services includes services provided by residents to non-residents plus services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.