Value Added (Total Manufacturing) — Value Standard Local Currency in Madagascar
Madagascar: Value Added (Total Manufacturing) — Value Standard Local Currency was 9.00 million million SLC in 2023. ◆ Volatile
Value Added (Total Manufacturing) — Value Standard Local Currency in Madagascar, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, value added (total manufacturing) — value standard local currency in Madagascar stood at 9.00 million million SLC. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 14.0% on the previous year and up 280.2% over ten years.
Over the whole period, value added (total manufacturing) — value standard local currency in Madagascar peaked at 9.00 million million SLC in 2023 and was at its lowest, 5,899 million SLC, in 1970.
Madagascar ranks 31st of 231 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Value Added (Total Manufacturing) — Value Standard Local Currency in Madagascar, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 5,899 million SLC | — |
| 1971 | 6,309 million SLC | +7.0% |
| 1972 | 6,707 million SLC | +6.3% |
| 1973 | 7,720 million SLC | +15.1% |
| 1974 | 8,553 million SLC | +10.8% |
| 1975 | 9,053 million SLC | +5.8% |
| 1976 | 9,771 million SLC | +7.9% |
| 1977 | 11,528 million SLC | +18.0% |
| 1978 | 12,003 million SLC | +4.1% |
| 1979 | 14,683 million SLC | +22.3% |
| 1980 | 15,940 million SLC | +8.6% |
| 1981 | 16,068 million SLC | +0.8% |
| 1982 | 19,222 million SLC | +19.6% |
| 1983 | 23,775 million SLC | +23.7% |
| 1984 | 27,428 million SLC | +15.4% |
| 1985 | 31,593 million SLC | +15.2% |
| 1986 | 35,870 million SLC | +13.5% |
| 1987 | 46,142 million SLC | +28.6% |
| 1988 | 56,443 million SLC | +22.3% |
| 1989 | 75,754 million SLC | +34.2% |
| 1990 | 84,250 million SLC | +11.2% |
| 1991 | 91,286 million SLC | +8.4% |
| 1992 | 100,464 million SLC | +10.1% |
| 1993 | 116,992 million SLC | +16.5% |
| 1994 | 163,714 million SLC | +39.9% |
| 1995 | 238,794 million SLC | +45.9% |
| 1996 | 284,609 million SLC | +19.2% |
| 1997 | 311,355 million SLC | +9.4% |
| 1998 | 356,625 million SLC | +14.5% |
| 1999 | 401,609 million SLC | +12.6% |
| 2000 | 464,310 million SLC | +15.6% |
| 2001 | 559,643 million SLC | +20.5% |
| 2002 | 582,501 million SLC | +4.1% |
| 2003 | 695,624 million SLC | +19.4% |
| 2004 | 861,164 million SLC | +23.8% |
| 2005 | 1.05 million million SLC | +22.4% |
| 2006 | 1.25 million million SLC | +18.8% |
| 2007 | 1.46 million million SLC | +16.9% |
| 2008 | 1.78 million million SLC | +21.3% |
| 2009 | 1.72 million million SLC | -3.0% |
| 2010 | 1.87 million million SLC | +8.5% |
| 2011 | 2.04 million million SLC | +9.2% |
| 2012 | 2.20 million million SLC | +7.9% |
| 2013 | 2.37 million million SLC | +7.4% |
| 2014 | 2.73 million million SLC | +15.5% |
| 2015 | 2.83 million million SLC | +3.4% |
| 2016 | 3.84 million million SLC | +35.8% |
| 2017 | 3.77 million million SLC | -1.7% |
| 2018 | 4.30 million million SLC | +14.0% |
| 2019 | 5.15 million million SLC | +19.8% |
| 2020 | 4.81 million million SLC | -6.6% |
| 2021 | 6.25 million million SLC | +30.0% |
| 2022 | 7.89 million million SLC | +26.3% |
| 2023 | 9.00 million million SLC | +14.0% |
Madagascar compared with similar countries
- Madagascar's 9.00 million million SLC is above the median for low income countries, which is 1.14 million million SLC, 7.9× the median. (23 countries reporting)
- Madagascar's 9.00 million million SLC is above the median for Sub-Saharan Africa, which is 756,855 million SLC, 11.9× the median. (45 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9,223 million SLC | 5,899 million SLC | 14,683 million SLC | 10 |
| 1980s | 34,823 million SLC | 15,940 million SLC | 75,754 million SLC | 10 |
| 1990s | 214,970 million SLC | 84,250 million SLC | 401,609 million SLC | 10 |
| 2000s | 1.04 million million SLC | 464,310 million SLC | 1.78 million million SLC | 10 |
| 2010s | 3.11 million million SLC | 1.87 million million SLC | 5.15 million million SLC | 10 |
| 2020s | 6.99 million million SLC | 4.81 million million SLC | 9.00 million million SLC | 4 |
Countries ranked near Madagascar
- 28 Iraq 11.78 million million SLC compare
- 29 Pakistan 11.41 million million SLC compare
- 30 Bangladesh 10.03 million million SLC compare
- 32 Côte d'Ivoire 7.13 million million SLC compare
- 32 Cote d'Ivoire 7.13 million million SLC compare
- 34 Mexico 6.49 million million SLC compare
More economy & growth data for Madagascar
- Real gdp growth, annual growth rate 2.17 % change on previous year (2024)
- 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)
Frequently asked questions
- What is value added (total manufacturing) — value standard local currency in Madagascar?
- Value added (total manufacturing) — value standard local currency in Madagascar was 9.00 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest value added (total manufacturing) — value standard local currency recorded in Madagascar?
- The highest recorded value was 9.00 million million SLC in 2023.
- What is the lowest value added (total manufacturing) — value standard local currency recorded in Madagascar?
- The lowest recorded value was 5,899 million SLC in 1970.
- How does Madagascar rank for value added (total manufacturing) — value standard local currency?
- Madagascar ranks 31st out of 231 countries with data for 2023.
- Is value added (total manufacturing) — value standard local currency rising or falling in Madagascar?
- Over the last ten years it is up 280.2%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Value Added (Total Manufacturing) — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).