Madagascar vs Rwanda: Liquid liabilities to GDP

Madagascar
27.6%
in 2021
Rwanda
27.2%
in 2021
Madagascar rank
162nd
Rwanda rank
164th

Liquid liabilities to GDP over time

  • Madagascar
  • Rwanda
0102030196219912021

How they compare

Madagascar currently reports 27.6% against 27.2% in Rwanda, a difference of 0.4%.

The two have swapped places 16 times across 58 shared years of data; in 1964 it was Madagascar ahead.

Madagascar ranks 162nd and Rwanda ranks 164th of 185 countries.

Madagascar has averaged higher in every one of the 7 decades both report.

Head to head by decade

Decade Madagascar Rwanda Difference Ahead
1960s 17.1% 13.2% 3.9% Madagascar
1970s 19.1% 14.0% 5.1% Madagascar
1980s 16.0% 14.3% 1.7% Madagascar
1990s 19.4% 16.0% 3.4% Madagascar
2000s 19.8% 16.7% 3.1% Madagascar
2010s 21.6% 19.2% 2.4% Madagascar
2020s 27.3% 26.7% 0.6% Madagascar

Averages of every year both report within each decade.

Frequently asked questions

Which has higher liquid liabilities to gdp, Madagascar or Rwanda?
Madagascar, at 27.6% against 27.2% in Rwanda as of 2021.
What is the difference in liquid liabilities to gdp between Madagascar and Rwanda?
0.4%, with Madagascar ahead.
How many years of comparable data are there for Madagascar and Rwanda?
58 years are reported by both, from 1964 to 2021.
How do Madagascar and Rwanda rank globally for liquid liabilities to gdp?
Madagascar ranks 162nd and Rwanda ranks 164th of 185 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Liquid liabilities to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Madagascar vs Rwanda: Liquid liabilities to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 17 August 2026, from https://financial-sector.statizoid.com/compare/liquid-liabilities-to-gdp-percent/madagascar/rwanda/

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About this data

Indicator
Liquid liabilities to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
185 places, 8,531 data points, 1960–2021
Last refreshed

Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.