GDP (current US$) (UNESCO Institute) in Madagascar
Madagascar: GDP (current US$) (UNESCO Institute) was 17.42 billion current US$ in 2024. ◆ Volatile
Latest (2024)
17.42 billion current US$
Change on year
up 9.8%
World rank
137th
of 211 countries
All-time high
17.42 billion current US$
in 2024
All-time low
1.11 billion current US$
in 1970
Years of data
55
1970–2024
GDP in Madagascar, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
The most recent figure for gdp in Madagascar is 17.42 billion current US$, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 9.8% on the previous year and up 39.1% over ten years.
Over the whole period, gdp in Madagascar peaked at 17.42 billion current US$ in 2024 and was at its lowest, 1.11 billion current US$, in 1970.
Madagascar ranks 137th of 211 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 1.11 billion current US$ | — |
| 1971 | 1.20 billion current US$ | +7.9% |
| 1972 | 1.34 billion current US$ | +11.8% |
| 1973 | 1.65 billion current US$ | +23.2% |
| 1974 | 1.92 billion current US$ | +16.0% |
| 1975 | 2.28 billion current US$ | +19.1% |
| 1976 | 2.18 billion current US$ | -4.4% |
| 1977 | 2.36 billion current US$ | +8.1% |
| 1978 | 2.67 billion current US$ | +13.2% |
| 1979 | 3.46 billion current US$ | +29.7% |
| 1980 | 5.20 billion current US$ | +50.2% |
| 1981 | 4.76 billion current US$ | -8.5% |
| 1982 | 4.78 billion current US$ | +0.5% |
| 1983 | 4.69 billion current US$ | -2.1% |
| 1984 | 3.91 billion current US$ | -16.7% |
| 1985 | 3.80 billion current US$ | -2.6% |
| 1986 | 4.35 billion current US$ | +14.3% |
| 1987 | 3.21 billion current US$ | -26.1% |
| 1988 | 3.19 billion current US$ | -0.7% |
| 1989 | 3.18 billion current US$ | -0.4% |
| 1990 | 3.93 billion current US$ | +23.8% |
| 1991 | 3.25 billion current US$ | -17.2% |
| 1992 | 3.71 billion current US$ | +14.1% |
| 1993 | 4.06 billion current US$ | +9.4% |
| 1994 | 3.52 billion current US$ | -13.3% |
| 1995 | 3.84 billion current US$ | +9.0% |
| 1996 | 4.93 billion current US$ | +28.5% |
| 1997 | 4.26 billion current US$ | -13.6% |
| 1998 | 4.40 billion current US$ | +3.3% |
| 1999 | 4.28 billion current US$ | -2.8% |
| 2000 | 4.63 billion current US$ | +8.2% |
| 2001 | 5.44 billion current US$ | +17.5% |
| 2002 | 5.35 billion current US$ | -1.6% |
| 2003 | 6.37 billion current US$ | +19.1% |
| 2004 | 5.06 billion current US$ | -20.5% |
| 2005 | 5.86 billion current US$ | +15.7% |
| 2006 | 6.40 billion current US$ | +9.2% |
| 2007 | 8.52 billion current US$ | +33.3% |
| 2008 | 10.73 billion current US$ | +25.8% |
| 2009 | 9.62 billion current US$ | -10.3% |
| 2010 | 9.98 billion current US$ | +3.8% |
| 2011 | 11.55 billion current US$ | +15.7% |
| 2012 | 11.58 billion current US$ | +0.2% |
| 2013 | 12.42 billion current US$ | +7.3% |
| 2014 | 12.52 billion current US$ | +0.8% |
| 2015 | 11.32 billion current US$ | -9.6% |
| 2016 | 11.85 billion current US$ | +4.6% |
| 2017 | 13.18 billion current US$ | +11.2% |
| 2018 | 13.76 billion current US$ | +4.4% |
| 2019 | 14.10 billion current US$ | +2.5% |
| 2020 | 13.05 billion current US$ | -7.5% |
| 2021 | 14.35 billion current US$ | +10.0% |
| 2022 | 15.33 billion current US$ | +6.8% |
| 2023 | 15.87 billion current US$ | +3.6% |
| 2024 | 17.42 billion current US$ | +9.8% |
Madagascar compared with similar countries
- Madagascar's 17.42 billion current US$ is above the median for low income countries, which is 17.29 billion current US$, 1.0× the median. (24 countries reporting)
- Madagascar's 17.42 billion current US$ is below the median for Sub-Saharan Africa, which is 18.41 billion current US$, 95% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.02 billion current US$ | 1.11 billion current US$ | 3.46 billion current US$ | 10 |
| 1980s | 4.11 billion current US$ | 3.18 billion current US$ | 5.20 billion current US$ | 10 |
| 1990s | 4.02 billion current US$ | 3.25 billion current US$ | 4.93 billion current US$ | 10 |
| 2000s | 6.80 billion current US$ | 4.63 billion current US$ | 10.73 billion current US$ | 10 |
| 2010s | 12.23 billion current US$ | 9.98 billion current US$ | 14.10 billion current US$ | 10 |
| 2020s | 15.20 billion current US$ | 13.05 billion current US$ | 17.42 billion current US$ | 5 |
Countries ranked near Madagascar
- 134 Botswana 19.40 billion current US$ compare
- 135 Moldova 18.20 billion current US$ compare
- 136 Kyrgyzstan 17.48 billion current US$ compare
- 138 Afghanistan 17.15 billion current US$ compare
- 139 North Macedonia 16.69 billion current US$ compare
- 140 Laos 16.50 billion current 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 in Madagascar?
- Gdp in Madagascar was 17.42 billion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Madagascar?
- The highest recorded value was 17.42 billion current US$ in 2024.
- What is the lowest gdp recorded in Madagascar?
- The lowest recorded value was 1.11 billion current US$ in 1970.
- How does Madagascar rank for gdp?
- Madagascar ranks 137th out of 211 countries with data for 2024.
- Is gdp rising or falling in Madagascar?
- Over the last ten years it is up 39.1%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (current 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