GDP (current LCU), annual growth rate in Madagascar
Madagascar: GDP (current LCU), annual growth rate was 12.15 % change on previous year in 2024. ◆ Volatile
GDP (current LCU), annual growth rate in Madagascar, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gdp (current lcu), annual growth rate in Madagascar stood at 12.15 % change on previous year.
Compared with earlier readings it is up 1.4% on the previous year and up 18.0% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Madagascar peaked at 51.54 % change on previous year in 1995 and was at its lowest, -3.13 % change on previous year, in 2020.
Madagascar ranks 48th of 211 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Madagascar, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 7.66 % change on previous year | — |
| 1972 | 1.71 % change on previous year | -77.6% |
| 1973 | 8.97 % change on previous year | +423.6% |
| 1974 | 25.27 % change on previous year | +181.7% |
| 1975 | 6.01 % change on previous year | -76.2% |
| 1976 | 6.55 % change on previous year | +9.1% |
| 1977 | 11.16 % change on previous year | +70.3% |
| 1978 | 3.95 % change on previous year | -64.6% |
| 1979 | 22.3 % change on previous year | +464.2% |
| 1980 | 49.17 % change on previous year | +120.5% |
| 1981 | 17.67 % change on previous year | -64.1% |
| 1982 | 29.4 % change on previous year | +66.4% |
| 1983 | 20.54 % change on previous year | -30.1% |
| 1984 | 11.65 % change on previous year | -43.3% |
| 1985 | 11.84 % change on previous year | +1.7% |
| 1986 | 16.74 % change on previous year | +41.3% |
| 1987 | 16.82 % change on previous year | +0.5% |
| 1988 | 30.64 % change on previous year | +82.2% |
| 1989 | 13.46 % change on previous year | -56.1% |
| 1990 | 15.36 % change on previous year | +14.1% |
| 1991 | 1.69 % change on previous year | -89.0% |
| 1992 | 15.92 % change on previous year | +839.4% |
| 1993 | 12.3 % change on previous year | -22.7% |
| 1994 | 38.93 % change on previous year | +216.5% |
| 1995 | 51.54 % change on previous year | +32.4% |
| 1996 | 22.34 % change on previous year | -56.7% |
| 1997 | 8.35 % change on previous year | -62.6% |
| 1998 | 10.37 % change on previous year | +24.2% |
| 1999 | 12.23 % change on previous year | +17.9% |
| 2000 | 16.54 % change on previous year | +35.3% |
| 2001 | 14.37 % change on previous year | -13.1% |
| 2002 | 2.04 % change on previous year | -85.8% |
| 2003 | 7.91 % change on previous year | +287.3% |
| 2004 | 19.95 % change on previous year | +152.0% |
| 2005 | 23.99 % change on previous year | +20.3% |
| 2006 | 16.74 % change on previous year | -30.2% |
| 2007 | 16.59 % change on previous year | -0.9% |
| 2008 | 14.7 % change on previous year | -11.4% |
| 2009 | 2.67 % change on previous year | -81.8% |
| 2010 | 10.9 % change on previous year | +307.5% |
| 2011 | 12.13 % change on previous year | +11.3% |
| 2012 | 8.64 % change on previous year | -28.7% |
| 2013 | 7.88 % change on previous year | -8.8% |
| 2014 | 10.3 % change on previous year | +30.7% |
| 2015 | 9.84 % change on previous year | -4.4% |
| 2016 | 13.31 % change on previous year | +35.3% |
| 2017 | 9.09 % change on previous year | -31.7% |
| 2018 | 11.76 % change on previous year | +29.3% |
| 2019 | 11.22 % change on previous year | -4.6% |
| 2020 | -3.13 % change on previous year | -127.9% |
| 2021 | 11.21 % change on previous year | -457.7% |
| 2022 | 14.18 % change on previous year | +26.5% |
| 2023 | 11.98 % change on previous year | -15.5% |
| 2024 | 12.15 % change on previous year | +1.4% |
Madagascar compared with similar countries
- Madagascar's 12.15 % change on previous year is below the median for low income countries, which is 13.85 % change on previous year, 88% of the median. (24 countries reporting)
- Madagascar's 12.15 % change on previous year is above the median for Sub-Saharan Africa, which is 9.13 % change on previous year, 1.3× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP (current LCU), annual growth rate 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 |
|---|---|---|---|
| 1992 | +839.4% | 1.69 % change on previous year | 15.92 % change on previous year |
| 1979 | +464.2% | 3.95 % change on previous year | 22.3 % change on previous year |
| 2021 | +457.7% | -3.13 % change on previous year | 11.21 % change on previous year |
| 1973 | +423.6% | 1.71 % change on previous year | 8.97 % change on previous year |
| 2010 | +307.5% | 2.67 % change on previous year | 10.9 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 10.4 % change on previous year | 1.71 % change on previous year | 25.27 % change on previous year | 9 |
| 1980s | 21.79 % change on previous year | 11.65 % change on previous year | 49.17 % change on previous year | 10 |
| 1990s | 18.9 % change on previous year | 1.69 % change on previous year | 51.54 % change on previous year | 10 |
| 2000s | 13.55 % change on previous year | 2.04 % change on previous year | 23.99 % change on previous year | 10 |
| 2010s | 10.51 % change on previous year | 7.88 % change on previous year | 13.31 % change on previous year | 10 |
| 2020s | 9.28 % change on previous year | -3.13 % change on previous year | 14.18 % change on previous year | 5 |
Countries ranked near Madagascar
- 45 Belarus 13.13 % change on previous year compare
- 46 Rwanda 12.99 % change on previous year compare
- 47 Papua New Guinea 12.37 % change on previous year compare
- 49 Vietnam 11.55 % change on previous year compare
- 50 Bangladesh 11.4 % change on previous year compare
- 51 Aruba 11.26 % change on previous year 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)
- World population growth 0.4% (2100)
- Population density 146.69 people per km² (2100)
- Number of children under 5, by world region 6.06 million people (2100)
- Population growth rate, by level of development 0.4% (2100)
- Number of people living in urban and rural areas, annual growth rate 3.9 % change on previous year (2025)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Madagascar?
- Gdp (current lcu), annual growth rate in Madagascar was 12.15 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Madagascar?
- The highest recorded value was 51.54 % change on previous year in 1995.
- What is the lowest gdp (current lcu), annual growth rate recorded in Madagascar?
- The lowest recorded value was -3.13 % change on previous year in 2020.
- How does Madagascar rank for gdp (current lcu), annual growth rate?
- Madagascar ranks 48th out of 211 countries with data for 2024.
- Is gdp (current lcu), annual growth rate rising or falling in Madagascar?
- Over the last ten years it is up 18.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of GDP (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.