Current account balance (credit less debit), Net (credits less) in Madagascar
Madagascar: Current account balance (credit less debit), Net (credits less) 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) 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% |
Madagascar compared with similar countries
- Madagascar's -829.38 million is above the median for low income countries, which is -1.71 billion, 49% of the median. (20 countries reporting)
- Madagascar's -829.38 million is below the median for Sub-Saharan Africa, which is -606.36 million, 1.4× the median. (43 countries reporting)
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
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 1.28 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0016 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 0.9354 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0021 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 1.28 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
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.