GDP at market prices (constant 2010 US$) in Madagascar
Madagascar: GDP at market prices (constant 2010 US$) was 14.49 billion constant 2010 US$ in 2024. ▲ Rising
Latest (2024)
14.49 billion constant 2010 US$
Change on year
up 4.2%
World rank
138th
of 208 countries
All-time high
14.49 billion constant 2010 US$
in 2024
All-time low
5.46 billion constant 2010 US$
in 1982
Years of data
55
1970–2024
GDP at market prices in Madagascar, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
Madagascar recorded 14.49 billion constant 2010 US$ for gdp at market prices in 2024. That is the highest value across all 55 years on record.
The figure is up 4.2% on the previous year and up 32.0% over ten years.
Over the whole period, gdp at market prices in Madagascar peaked at 14.49 billion constant 2010 US$ in 2024 and was at its lowest, 5.46 billion constant 2010 US$, in 1982.
Madagascar ranks 138th of 208 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP at market prices (constant 2010 US$) in Madagascar, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 5.58 billion constant 2010 US$ | — |
| 1971 | 5.80 billion constant 2010 US$ | +3.9% |
| 1972 | 5.73 billion constant 2010 US$ | -1.3% |
| 1973 | 5.58 billion constant 2010 US$ | -2.6% |
| 1974 | 5.69 billion constant 2010 US$ | +2.0% |
| 1975 | 5.76 billion constant 2010 US$ | +1.3% |
| 1976 | 5.58 billion constant 2010 US$ | -3.1% |
| 1977 | 5.72 billion constant 2010 US$ | +2.4% |
| 1978 | 5.56 billion constant 2010 US$ | -2.7% |
| 1979 | 6.11 billion constant 2010 US$ | +9.9% |
| 1980 | 6.17 billion constant 2010 US$ | +1.0% |
| 1981 | 5.57 billion constant 2010 US$ | -9.8% |
| 1982 | 5.46 billion constant 2010 US$ | -1.9% |
| 1983 | 5.51 billion constant 2010 US$ | +0.9% |
| 1984 | 5.61 billion constant 2010 US$ | +1.8% |
| 1985 | 5.67 billion constant 2010 US$ | +1.2% |
| 1986 | 5.78 billion constant 2010 US$ | +2.0% |
| 1987 | 5.85 billion constant 2010 US$ | +1.2% |
| 1988 | 6.05 billion constant 2010 US$ | +3.4% |
| 1989 | 6.30 billion constant 2010 US$ | +4.1% |
| 1990 | 6.49 billion constant 2010 US$ | +3.1% |
| 1991 | 6.08 billion constant 2010 US$ | -6.3% |
| 1992 | 6.15 billion constant 2010 US$ | +1.2% |
| 1993 | 6.28 billion constant 2010 US$ | +2.1% |
| 1994 | 6.28 billion constant 2010 US$ | -0.0% |
| 1995 | 6.39 billion constant 2010 US$ | +1.7% |
| 1996 | 6.52 billion constant 2010 US$ | +2.2% |
| 1997 | 6.77 billion constant 2010 US$ | +3.7% |
| 1998 | 7.03 billion constant 2010 US$ | +3.9% |
| 1999 | 7.36 billion constant 2010 US$ | +4.7% |
| 2000 | 7.69 billion constant 2010 US$ | +4.5% |
| 2001 | 8.15 billion constant 2010 US$ | +6.0% |
| 2002 | 7.14 billion constant 2010 US$ | -12.4% |
| 2003 | 7.84 billion constant 2010 US$ | +9.8% |
| 2004 | 8.25 billion constant 2010 US$ | +5.3% |
| 2005 | 8.64 billion constant 2010 US$ | +4.8% |
| 2006 | 9.11 billion constant 2010 US$ | +5.4% |
| 2007 | 9.63 billion constant 2010 US$ | +5.7% |
| 2008 | 10.27 billion constant 2010 US$ | +6.7% |
| 2009 | 9.86 billion constant 2010 US$ | -4.0% |
| 2010 | 9.93 billion constant 2010 US$ | +0.6% |
| 2011 | 10.08 billion constant 2010 US$ | +1.6% |
| 2012 | 10.39 billion constant 2010 US$ | +3.0% |
| 2013 | 10.62 billion constant 2010 US$ | +2.3% |
| 2014 | 10.98 billion constant 2010 US$ | +3.3% |
| 2015 | 11.32 billion constant 2010 US$ | +3.1% |
| 2016 | 11.78 billion constant 2010 US$ | +4.0% |
| 2017 | 12.24 billion constant 2010 US$ | +3.9% |
| 2018 | 12.63 billion constant 2010 US$ | +3.2% |
| 2019 | 13.19 billion constant 2010 US$ | +4.4% |
| 2020 | 12.25 billion constant 2010 US$ | -7.1% |
| 2021 | 12.81 billion constant 2010 US$ | +4.6% |
| 2022 | 13.35 billion constant 2010 US$ | +4.2% |
| 2023 | 13.91 billion constant 2010 US$ | +4.2% |
| 2024 | 14.49 billion constant 2010 US$ | +4.2% |
Madagascar compared with similar countries
- Madagascar's 14.49 billion constant 2010 US$ is below the median for low income countries, which is 15.47 billion constant 2010 US$, 94% of the median. (24 countries reporting)
- Madagascar's 14.49 billion constant 2010 US$ is below the median for Sub-Saharan Africa, which is 15.37 billion constant 2010 US$, 94% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.71 billion constant 2010 US$ | 5.56 billion constant 2010 US$ | 6.11 billion constant 2010 US$ | 10 |
| 1980s | 5.80 billion constant 2010 US$ | 5.46 billion constant 2010 US$ | 6.30 billion constant 2010 US$ | 10 |
| 1990s | 6.54 billion constant 2010 US$ | 6.08 billion constant 2010 US$ | 7.36 billion constant 2010 US$ | 10 |
| 2000s | 8.66 billion constant 2010 US$ | 7.14 billion constant 2010 US$ | 10.27 billion constant 2010 US$ | 10 |
| 2010s | 11.31 billion constant 2010 US$ | 9.93 billion constant 2010 US$ | 13.19 billion constant 2010 US$ | 10 |
| 2020s | 13.36 billion constant 2010 US$ | 12.25 billion constant 2010 US$ | 14.49 billion constant 2010 US$ | 5 |
Countries ranked near Madagascar
- 135 Rwanda 15.26 billion constant 2010 US$ compare
- 136 Jamaica 15.08 billion constant 2010 US$ compare
- 137 Mauritius 14.65 billion constant 2010 US$ compare
- 139 Brunei 13.70 billion constant 2010 US$ compare
- 140 Bahamas 13.63 billion constant 2010 US$ compare
- 141 Haiti 13.60 billion constant 2010 US$ compare
More population data for Madagascar
- Population regions with projections, annual growth rate 0.445 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate 0.153 % change on previous year (2050)
- Population long run with projections, annual growth rate 0.445 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate 0.463 % change on previous year (2100)
- Projected population under age 5, annual growth rate -0.2896 % change on previous year (2100)
- Population growth rate 0.436 (2100)
- Population density 146.69 (2100)
- Projected population under age 5 6.06 million (2100)
- Population growth rate by level of development 0.436 (2100)
- Urbanization vs gdp, annual growth rate 1.44 % change on previous year (2025)
Frequently asked questions
- What is gdp at market prices in Madagascar?
- Gdp at market prices in Madagascar was 14.49 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Madagascar?
- The highest recorded value was 14.49 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Madagascar?
- The lowest recorded value was 5.46 billion constant 2010 US$ in 1982.
- How does Madagascar rank for gdp at market prices?
- Madagascar ranks 138th out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Madagascar?
- Over the last ten years it is up 32.0%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release