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Madagascar Economic Growth 1960-2024

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.
  • Madagascar economic growth for 2022 was $14.95B, a 2.75% increase from 2021.
  • Madagascar economic growth for 2021 was $14.55B, a 11.52% increase from 2020.
  • Madagascar economic growth for 2020 was $13.05B, a 7.47% decline from 2019.
  • Madagascar economic growth for 2019 was $14.10B, a 2.5% increase from 2018.
  
Data Source: World Bank

MLA Citation:
Similar Country Ranking
Country Name Billions of US $
Ethiopia $126.78B
Tanzania $75.71B
Democratic Republic of Congo $58.07B
Uganda $45.56B
Nepal $40.83B
Senegal $27.68B
Guinea $21.23B
Zimbabwe $20.68B
Haiti $20.25B
Burkina Faso $18.88B
Mali $18.83B
Mozambique $17.85B
Benin $17.40B
Madagascar $14.95B
Niger $13.97B
Rwanda $13.31B
Malawi $13.16B
Chad $12.70B
Tajikistan $10.49B
Togo $8.13B
Somalia $8.13B
Liberia $4.00B
Sierra Leone $3.97B
Burundi $3.07B
Central African Republic $2.38B
Gambia $2.27B
Guinea-Bissau $1.63B
Comoros $1.24B
Madagascar Economic Growth - Historical Data
Year GDP Per Capita Growth Rate
2022 $14.95B $505 3.80%
2021 $14.55B $503 5.74%
2020 $13.05B $462 -7.14%
2019 $14.10B $512 4.41%
2018 $13.76B $513 3.19%
2017 $13.18B $503 3.93%
2016 $11.85B $465 3.99%
2015 $11.32B $456 3.13%
2014 $12.52B $517 3.34%
2013 $12.42B $527 2.30%
2012 $11.58B $504 3.01%
2011 $11.55B $517 1.58%
2010 $9.98B $459 0.62%
2009 $9.62B $455 -3.98%
2008 $10.73B $523 6.71%
2007 $8.52B $428 5.71%
2006 $6.40B $331 5.40%
2005 $5.86B $312 4.76%
2004 $5.06B $278 5.26%
2003 $6.37B $360 9.78%
2002 $5.35B $311 -12.41%
2001 $5.44B $325 5.98%
2000 $4.63B $285 4.46%
1999 $4.28B $272 4.70%
1998 $4.40B $289 3.92%
1997 $4.26B $288 3.69%
1996 $4.93B $344 2.15%
1995 $3.84B $277 1.68%
1994 $3.52B $262 -0.04%
1993 $4.06B $312 2.10%
1992 $3.71B $294 1.18%
1991 $3.25B $266 -6.31%
1990 $3.93B $331 3.13%
1989 $3.18B $275 4.07%
1988 $3.19B $285 3.41%
1987 $3.21B $295 1.17%
1986 $4.35B $411 1.96%
1985 $3.80B $369 1.16%
1984 $3.91B $390 1.76%
1983 $4.69B $481 0.90%
1982 $4.78B $505 -1.90%
1981 $4.76B $517 -9.80%
1980 $5.20B $581 0.95%
1979 $3.46B $398 9.85%
1978 $2.67B $316 -2.66%
1977 $2.36B $288 2.36%
1976 $2.18B $274 -3.07%
1975 $2.28B $296 1.26%
1974 $1.92B $256 2.01%
1973 $1.65B $227 -2.62%
1972 $1.34B $190 -1.27%
1971 $1.20B $175 3.93%
1970 $1.11B $167 5.28%
1969 $1.06B $164 3.72%
1968 $1.03B $165 6.83%
1967 $0.96B $157 5.53%
1966 $0.90B $152 2.06%
1965 $0.83B $144 -0.45%
1964 $0.80B $143 3.96%
1963 $0.76B $138 -0.93%
1962 $0.74B $138 2.27%
1961 $0.70B $134 2.05%
1960 $0.67B $133 %