What is the difference in reserves excluding gold between Luxembourg and Madagascar?

133.94 million SDR, with Madagascar ahead.

How many years of comparable data are there for Luxembourg and Madagascar?

40 years are reported by both, from 1984 to 2024.

Where does this data come from?

International Monetary Fund, published as Reserves excluding gold (SDR). Statizoid refreshes it automatically from the source and publishes the full history for both places.

Luxembourg vs Madagascar: Reserves excluding gold

Luxembourg

2.00 billion SDR

in 2025

Madagascar

2.14 billion SDR

in 2024

Luxembourg rank

125th

Madagascar rank

122nd

Reserves excluding gold over time

Luxembourg
Madagascar

How they compare

Madagascar currently reports 2.14 billion SDR against 2.00 billion SDR in Luxembourg, a difference of 133.94 million SDR.

That makes Madagascar's figure about 1.1 times Luxembourg's.

The two have swapped places 6 times across 40 shared years of data; in 1984 it was Madagascar ahead.

Luxembourg ranks 125th and Madagascar ranks 122nd of 194 countries.

Across the 5 decades both report, Luxembourg averaged higher in 1 and Madagascar in 4.

Head to head by decade

Decade	Luxembourg	Madagascar	Difference	Ahead
1980s	34.47 million SDR	113.54 million SDR	79.07 million SDR	Madagascar
1990s	52.58 million SDR	101.23 million SDR	48.65 million SDR	Madagascar
2000s	172.27 million SDR	393.04 million SDR	220.78 million SDR	Madagascar
2010s	575.06 million SDR	820.61 million SDR	245.55 million SDR	Madagascar
2020s	1.77 billion SDR	1.75 billion SDR	15.09 million SDR	Luxembourg

Averages of every year both report within each decade.

Frequently asked questions

Which has higher reserves excluding gold, Luxembourg or Madagascar?: Madagascar, at 2.14 billion SDR against 2.00 billion SDR in Luxembourg as of 2024.
What is the difference in reserves excluding gold between Luxembourg and Madagascar?: 133.94 million SDR, with Madagascar ahead.
How many years of comparable data are there for Luxembourg and Madagascar?: 40 years are reported by both, from 1984 to 2024.
How do Luxembourg and Madagascar rank globally for reserves excluding gold?: Luxembourg ranks 125th and Madagascar ranks 122nd of 194 countries.
Where does this data come from?: International Monetary Fund, published as Reserves excluding gold (SDR). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Luxembourg vs Madagascar: Reserves excluding gold. Statizoid, drawing on International Monetary Fund. Retrieved 20 August 2026, from https://financial-sector.statizoid.com/compare/reserves-excluding-gold-sdr-3/luxembourg/madagascar/

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About this data

Indicator: Reserves excluding gold (SDR)
Unit: SDR
Source: International Monetary Fund
Licence: IMF Terms and Conditions (attribution required)
Coverage: 208 places, 11,411 data points, 1950–2025
Last refreshed: 19 August 2026

International Liquidity (IL) 2026 April