GDP per capita (current US$) (UNESCO Institute) in Madagascar
Madagascar: GDP per capita (current US$) (UNESCO Institute) was 545 current US$ in 2024. ▲ Rising
Latest (2024)
545 current US$
Change on year
up 7.1%
World rank
207th
of 211 countries
All-time high
577.59 current US$
in 1980
All-time low
166.65 current US$
in 1970
Years of data
55
1970–2024
GDP per capita in Madagascar, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
In 2024, gdp per capita in Madagascar stood at 545 current US$.
Compared with earlier readings it is up 7.1% on the previous year and up 7.8% over ten years.
Over the whole period, gdp per capita in Madagascar peaked at 577.59 current US$ in 1980 and was at its lowest, 166.65 current US$, in 1970.
That places Madagascar 207th out of 211 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 55 years of available data.
GDP per capita (current US$) (UNESCO Institute) in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 166.65 current US$ | — |
| 1971 | 174.63 current US$ | +4.8% |
| 1972 | 189.64 current US$ | +8.6% |
| 1973 | 226.82 current US$ | +19.6% |
| 1974 | 255.34 current US$ | +12.6% |
| 1975 | 294.99 current US$ | +15.5% |
| 1976 | 273.52 current US$ | -7.3% |
| 1977 | 286.9 current US$ | +4.9% |
| 1978 | 314.98 current US$ | +9.8% |
| 1979 | 396.4 current US$ | +25.8% |
| 1980 | 577.59 current US$ | +45.7% |
| 1981 | 512.91 current US$ | -11.2% |
| 1982 | 500.64 current US$ | -2.4% |
| 1983 | 476.12 current US$ | -4.9% |
| 1984 | 385.41 current US$ | -19.1% |
| 1985 | 364.47 current US$ | -5.4% |
| 1986 | 404.96 current US$ | +11.1% |
| 1987 | 290.83 current US$ | -28.2% |
| 1988 | 280.53 current US$ | -3.5% |
| 1989 | 271.31 current US$ | -3.3% |
| 1990 | 326.1 current US$ | +20.2% |
| 1991 | 262.02 current US$ | -19.6% |
| 1992 | 290.21 current US$ | +10.8% |
| 1993 | 307.89 current US$ | +6.1% |
| 1994 | 258.72 current US$ | -16.0% |
| 1995 | 273.15 current US$ | +5.6% |
| 1996 | 339.88 current US$ | +24.4% |
| 1997 | 284.37 current US$ | -16.3% |
| 1998 | 284.19 current US$ | -0.1% |
| 1999 | 267.36 current US$ | -5.9% |
| 2000 | 280.28 current US$ | +4.8% |
| 2001 | 319.28 current US$ | +13.9% |
| 2002 | 304.94 current US$ | -4.5% |
| 2003 | 352.62 current US$ | +15.6% |
| 2004 | 272.2 current US$ | -22.8% |
| 2005 | 305.81 current US$ | +12.3% |
| 2006 | 324.15 current US$ | +6.0% |
| 2007 | 419.55 current US$ | +29.4% |
| 2008 | 512.58 current US$ | +22.2% |
| 2009 | 446.31 current US$ | -12.9% |
| 2010 | 450.01 current US$ | +0.8% |
| 2011 | 506.16 current US$ | +12.5% |
| 2012 | 493.51 current US$ | -2.5% |
| 2013 | 515.3 current US$ | +4.4% |
| 2014 | 505.69 current US$ | -1.9% |
| 2015 | 445.32 current US$ | -11.9% |
| 2016 | 453.97 current US$ | +1.9% |
| 2017 | 491.87 current US$ | +8.3% |
| 2018 | 500.46 current US$ | +1.7% |
| 2019 | 499.82 current US$ | -0.1% |
| 2020 | 450.77 current US$ | -9.8% |
| 2021 | 483.47 current US$ | +7.3% |
| 2022 | 503.51 current US$ | +4.1% |
| 2023 | 508.72 current US$ | +1.0% |
| 2024 | 545 current US$ | +7.1% |
Madagascar compared with similar countries
- Madagascar's 545 current US$ is below the median for low income countries, which is 846.83 current US$, 64% of the median. (24 countries reporting)
- Madagascar's 545 current US$ is below the median for Sub-Saharan Africa, which is 1,136 current US$, 48% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 257.99 current US$ | 166.65 current US$ | 396.4 current US$ | 10 |
| 1980s | 406.48 current US$ | 271.31 current US$ | 577.59 current US$ | 10 |
| 1990s | 289.39 current US$ | 258.72 current US$ | 339.88 current US$ | 10 |
| 2000s | 353.77 current US$ | 272.2 current US$ | 512.58 current US$ | 10 |
| 2010s | 486.21 current US$ | 445.32 current US$ | 515.3 current US$ | 10 |
| 2020s | 498.29 current US$ | 450.77 current US$ | 545 current US$ | 5 |
Countries ranked near Madagascar
- 204 Mozambique 647.29 current US$ compare
- 205 Somalia 636.98 current US$ compare
- 206 Yemen 633.89 current US$ compare
- 208 Central African Republic 516.17 current US$ compare
- 209 Malawi 508.37 current US$ compare
- 210 Afghanistan 413.76 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 per capita in Madagascar?
- Gdp per capita in Madagascar was 545 current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp per capita recorded in Madagascar?
- The highest recorded value was 577.59 current US$ in 1980.
- What is the lowest gdp per capita recorded in Madagascar?
- The lowest recorded value was 166.65 current US$ in 1970.
- How does Madagascar rank for gdp per capita?
- Madagascar ranks 207th out of 211 countries with data for 2024.
- Is gdp per capita rising or falling in Madagascar?
- Over the last ten years it is up 7.8%. 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 per capita (current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
February 2026 Data Release