Current account balance (credit less debit), Net (credits less debits) in Madagascar
Madagascar: Current account balance (credit less debit), Net (credits less debits) was -829.38 million in 2022. ◆ Volatile
Current account balance (credit less debit), Net (credits less debits) in Madagascar, 2005–2022
Source: International Monetary Fund.
Analysis
In 2022, current account balance (credit less debit), net (credits less debits) in Madagascar stood at -829.38 million.
The figure is down 14.9% on the previous year and up 4.0% over ten years.
Over the whole period, current account balance (credit less debit), net (credits less debits) in Madagascar peaked at 98.05 million in 2018 and was at its lowest, -1.75 billion, in 2009.
Madagascar ranks 126th of 198 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.
Current account balance (credit less debit), Net (credits less debits) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -734.22 million | — |
| 2006 | -585.54 million | -20.2% |
| 2007 | -842.72 million | +43.9% |
| 2008 | -1.68 billion | +99.0% |
| 2009 | -1.75 billion | +4.2% |
| 2010 | -893.31 million | -48.9% |
| 2011 | -777.18 million | -13.0% |
| 2012 | -864.11 million | +11.2% |
| 2013 | -808.21 million | -6.5% |
| 2014 | -81.29 million | -89.9% |
| 2015 | -255.83 million | +214.7% |
| 2016 | 44.80 million | -117.5% |
| 2017 | -30.12 million | -167.2% |
| 2018 | 98.05 million | -425.5% |
| 2019 | -301.23 million | -407.2% |
| 2020 | -623.65 million | +107.0% |
| 2021 | -721.95 million | +15.8% |
| 2022 | -829.38 million | +14.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.12 billion | -1.75 billion | -585.54 million | 5 |
| 2010s | -386.84 million | -893.31 million | 98.05 million | 10 |
| 2020s | -724.99 million | -829.38 million | -623.65 million | 3 |
Countries ranked near Madagascar
More financial sector data for Madagascar
- Net domestic credit (current LCU), per capita 555,983 current LCU per person (2024)
- Net domestic credit (current LCU), per unit of GDP 1,010 current LCU per US$ of GDP (2024)
- Net domestic credit (current LCU), annual growth rate 14.89 % change on previous year (2024)
- Reserves excluding gold, foreign exchange 2.08 billion SDR (2024)
- Reserves excluding gold 2.14 billion SDR (2024)
- Total reserves (gold at market value) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) 2.14 billion SDR (2024)
- Total reserves (gold at national valuation) (SDR), per capita 66.8 SDR per person (2024)
- Total reserves (gold at national valuation) (SDR), annual growth rate 8.84 % change on previous year (2024)
- Total reserves (gold at market value) (SDR), per capita 66.8 SDR per person (2024)
Frequently asked questions
- What is current account balance (credit less debit), net (credits less debits) in Madagascar?
- Current account balance (credit less debit), net (credits less debits) in Madagascar was -829.38 million in 2022, according to International Monetary Fund.
- What is the highest current account balance (credit less debit), net (credits less debits) recorded in Madagascar?
- The highest recorded value was 98.05 million in 2018.
- What is the lowest current account balance (credit less debit), net (credits less debits) recorded in Madagascar?
- The lowest recorded value was -1.75 billion in 2009.
- How does Madagascar rank for current account balance (credit less debit), net (credits less debits)?
- Madagascar ranks 126th out of 198 countries with data for 2022.
- Is current account balance (credit less debit), net (credits less debits) rising or falling in Madagascar?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Current account balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
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About this data
The World and Country Group Aggregates (historically called BOPSY) is an annual publication, released each November, of major balance of payments and international investment position components for countries, country groups, and the world.