Goods balance (credit less debit), Percent of GDP (Balance of) in Madagascar
Madagascar: Goods balance (credit less debit), Percent of GDP (Balance of) was -10.58 in 2027. ▲ Rising
Goods balance (credit less debit), Percent of GDP (Balance of) in Madagascar, 2000–2027
Source: International Monetary Fund.
Analysis
In 2027, goods balance (credit less debit), percent of gdp (balance of) in Madagascar stood at -10.58.
The figure is up 7.8% on the previous year and down 211.9% over ten years.
Over the whole period, goods balance (credit less debit), percent of gdp (balance of) in Madagascar peaked at -2.23 in 2016 and was at its lowest, -17.7, in 2008.
Madagascar ranks 36th of 45 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 28 years of available data.
Goods balance (credit less debit), Percent of GDP (Balance of) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | -4.67 | — |
| 2001 | -2.9 | -37.8% |
| 2002 | -7.39 | +154.4% |
| 2003 | -4.69 | -36.6% |
| 2004 | -9.48 | +102.2% |
| 2005 | -10.55 | +11.3% |
| 2006 | -8.83 | -16.3% |
| 2007 | -11.79 | +33.4% |
| 2008 | -17.7 | +50.2% |
| 2009 | -17.16 | -3.1% |
| 2010 | -10.47 | -38.9% |
| 2011 | -8.63 | -17.6% |
| 2012 | -9.62 | +11.5% |
| 2013 | -7.61 | -20.9% |
| 2014 | -4.37 | -42.6% |
| 2015 | -2.9 | -33.5% |
| 2016 | -2.23 | -23.3% |
| 2017 | -3.39 | +52.1% |
| 2018 | -3.33 | -1.6% |
| 2019 | -5.98 | +79.4% |
| 2020 | -6.88 | +15.0% |
| 2021 | -6.74 | -2.1% |
| 2022 | -6.4 | -5.0% |
| 2023 | -5.93 | -7.3% |
| 2024 | -9.04 | +52.3% |
| 2025 | -9.75 | +7.9% |
| 2026 | -11.47 | +17.6% |
| 2027 | -10.58 | -7.8% |
Madagascar compared with similar countries
- Madagascar's -10.58 is below the median for Sub-Saharan Africa, which is -2.52, 4.2× the median. (45 countries reporting)
- Madagascar's -10.58 is below the median for low income countries, which is -2.52, 4.2× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -9.52 | -17.7 | -2.9 | 10 |
| 2010s | -5.85 | -10.47 | -2.23 | 10 |
| 2020s | -8.35 | -11.47 | -5.93 | 8 |
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 goods balance (credit less debit), percent of gdp (balance of) in Madagascar?
- Goods balance (credit less debit), percent of gdp (balance of) in Madagascar was -10.58 in 2027, according to International Monetary Fund.
- What is the highest goods balance (credit less debit), percent of gdp (balance of) recorded in Madagascar?
- The highest recorded value was -2.23 in 2016.
- What is the lowest goods balance (credit less debit), percent of gdp (balance of) recorded in Madagascar?
- The lowest recorded value was -17.7 in 2008.
- How does Madagascar rank for goods balance (credit less debit), percent of gdp (balance of)?
- Madagascar ranks 36th out of 45 countries with data for 2027.
- Is goods balance (credit less debit), percent of gdp (balance of) rising or falling in Madagascar?
- Over the last ten years it is down 211.9%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Goods balance (credit less debit), Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.