Travel services in Madagascar
Madagascar: Travel services was 13.9% in 2024. ▼ Falling
Travel services in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Madagascar recorded 13.9% for travel services in 2024.
The figure is up 4.2% on the previous year and up 13.2% over ten years.
Over the whole period, travel services in Madagascar peaked at 27.2% in 1998 and was at its lowest, 7.6%, in 2020.
That places Madagascar 129th out of 198 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 51 years of available data.
Travel services in Madagascar, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1974 | 14.1% | — |
| 1975 | 13.1% | -6.7% |
| 1976 | 14.4% | +9.3% |
| 1977 | 13.4% | -6.5% |
| 1978 | 13.3% | -0.9% |
| 1979 | 10.5% | -20.7% |
| 1980 | 9.9% | -6.4% |
| 1981 | 11.5% | +16.8% |
| 1982 | 12.2% | +6.0% |
| 1983 | 14.3% | +17.3% |
| 1984 | 13.5% | -5.6% |
| 1985 | 14.4% | +6.3% |
| 1986 | 15.3% | +6.5% |
| 1987 | 11.4% | -25.9% |
| 1988 | 11.9% | +4.5% |
| 1989 | 16.7% | +40.7% |
| 1990 | 16.6% | -0.4% |
| 1991 | 12.9% | -22.6% |
| 1992 | 12.9% | +0.5% |
| 1993 | 9.6% | -25.7% |
| 1994 | 12.2% | +27.2% |
| 1995 | 12.8% | +4.4% |
| 1996 | 17.4% | +36.3% |
| 1997 | 20.7% | +18.7% |
| 1998 | 27.2% | +31.7% |
| 1999 | 24.4% | -10.4% |
| 2000 | 22.1% | -9.3% |
| 2001 | 25.4% | +14.9% |
| 2002 | 22.8% | -10.4% |
| 2003 | 10.3% | -54.7% |
| 2004 | 14.7% | +42.1% |
| 2005 | 10.6% | -27.4% |
| 2006 | 10.7% | +0.4% |
| 2007 | 8.4% | -21.8% |
| 2008 | 9.1% | +9.4% |
| 2009 | 9.2% | +0.8% |
| 2010 | 8.6% | -7.1% |
| 2011 | 11.2% | +30.4% |
| 2012 | 8.4% | -25.0% |
| 2013 | 9.6% | +14.9% |
| 2014 | 12.3% | +27.6% |
| 2015 | 12.4% | +1.3% |
| 2016 | 12.4% | -0.5% |
| 2017 | 13.3% | +7.4% |
| 2018 | 13.8% | +3.8% |
| 2019 | 14.4% | +4.6% |
| 2020 | 7.6% | -47.7% |
| 2021 | 8.8% | +16.6% |
| 2022 | 11.4% | +29.1% |
| 2023 | 13.3% | +17.2% |
| 2024 | 13.9% | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 13.1% | 10.5% | 14.4% | 6 |
| 1980s | 13.1% | 9.9% | 16.7% | 10 |
| 1990s | 16.7% | 9.6% | 27.2% | 10 |
| 2000s | 14.3% | 8.4% | 25.4% | 10 |
| 2010s | 11.6% | 8.4% | 14.4% | 10 |
| 2020s | 11.0% | 7.6% | 13.9% | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Total reserves minus gold (current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.1583 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 87.11 current US$ per person (2024)
- General government final consumption expenditure (current US$) 10.36 % change on previous year (2025)
- General government final consumption expenditure (current US$), per 0.1461 current US$ per US$ of GDP (2025)
- General government final consumption expenditure (current US$), per 87.56 current US$ per person (2025)
- General government final consumption expenditure (current LCU) 10.46 % change on previous year (2025)
- General government final consumption expenditure (current LCU), per 661.88 current LCU per US$ of GDP (2025)
- General government final consumption expenditure (current LCU), per 396,644 current LCU per person (2025)
- General government final consumption expenditure (constant 2015 US$) -4.59 % change on previous year (2025)
Frequently asked questions
- What is travel services in Madagascar?
- Travel services in Madagascar was 13.9% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Madagascar?
- The highest recorded value was 27.2% in 1998.
- What is the lowest travel services recorded in Madagascar?
- The lowest recorded value was 7.6% in 2020.
- How does Madagascar rank for travel services?
- Madagascar ranks 129th out of 198 countries with data for 2024.
- Is travel services rising or falling in Madagascar?
- Over the last ten years it is up 13.2%. The long-run trend across the full record is falling.
- 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.