Volume of remittances (in United States dollars) … total in Madagascar
Madagascar: Volume of remittances (in United States dollars) … total was 2.3% in 2024. ▲ Rising
Volume of remittances (in United States dollars) as a proportion of in Madagascar, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for volume of remittances (in united states dollars) as a proportion of in Madagascar is 2.3%, measured in 2024.
The figure is up 18.8% on the previous year and down 15.2% over ten years.
Over the whole period, volume of remittances (in united states dollars) as a proportion of in Madagascar peaked at 4.6% in 2010 and was at its lowest, 0.2%, in 2001.
Madagascar ranks 105th of 205 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Volume of remittances (in United States dollars) … total in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 0.2% | — |
| 2001 | 0.2% | -17.9% |
| 2002 | 0.5% | +174.1% |
| 2003 | 0.3% | -53.5% |
| 2004 | 0.2% | -10.8% |
| 2005 | 1.7% | +663.8% |
| 2006 | 2.3% | +35.4% |
| 2007 | 3.0% | +27.1% |
| 2008 | 2.9% | -1.9% |
| 2009 | 3.0% | +0.8% |
| 2010 | 4.6% | +54.8% |
| 2011 | 2.9% | -36.5% |
| 2012 | 2.9% | -1.6% |
| 2013 | 2.9% | +0.9% |
| 2014 | 2.8% | -4.5% |
| 2015 | 2.9% | +4.9% |
| 2016 | 2.5% | -12.5% |
| 2017 | 2.6% | +3.0% |
| 2018 | 3.1% | +18.9% |
| 2019 | 2.9% | -6.5% |
| 2020 | 3.8% | +31.3% |
| 2021 | 3.1% | -19.3% |
| 2022 | 2.5% | -17.9% |
| 2023 | 2.0% | -21.9% |
| 2024 | 2.3% | +18.8% |
Madagascar compared with similar countries
- Madagascar's 2.3% is below the median for low income countries, which is 3.8%, 62% of the median. (18 countries reporting)
- Madagascar's 2.3% is below the median for Sub-Saharan Africa, which is 2.9%, 80% of the median. (39 countries reporting)
Biggest year-on-year movements
Years where Volume of remittances (in United States dollars) … total 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 |
|---|---|---|---|
| 2005 | +663.8% | 0.2% | 1.7% |
| 2002 | +174.1% | 0.2% | 0.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | 0.2% | 3.0% | 10 |
| 2010s | 3.0% | 2.5% | 4.6% | 10 |
| 2020s | 2.7% | 2.0% | 3.8% | 5 |
Countries ranked near Madagascar
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 volume of remittances (in united states dollars) as a proportion of in Madagascar?
- Volume of remittances (in united states dollars) as a proportion of in Madagascar was 2.3% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest volume of remittances (in united states dollars) as a proportion of recorded in Madagascar?
- The highest recorded value was 4.6% in 2010.
- What is the lowest volume of remittances (in united states dollars) as a proportion of recorded in Madagascar?
- The lowest recorded value was 0.2% in 2001.
- How does Madagascar rank for volume of remittances (in united states dollars) as a proportion of?
- Madagascar ranks 105th out of 205 countries with data for 2024.
- Is volume of remittances (in united states dollars) as a proportion of rising or falling in Madagascar?
- Over the last ten years it is down 15.2%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Volume of remittances (in United States dollars) as a proportion of total GDP (%). Statizoid updates them automatically from the source API.
Download this data
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