Inflation, GDP deflator: linked series in Madagascar
Madagascar: Inflation, GDP deflator: linked series was 8.4% in 2025. ◆ Volatile
Inflation, GDP deflator: linked series in Madagascar, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
In 2025, inflation, gdp deflator: linked series in Madagascar stood at 8.4%.
That represents a change of up 12.7% on the previous year and up 28.8% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Madagascar peaked at 49.0% in 1995 and was at its lowest, -1.7%, in 2003.
That places Madagascar 33rd out of 212 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Inflation, GDP deflator: linked series in Madagascar, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 11.9% | — |
| 1991 | 8.5% | -28.0% |
| 1992 | 14.6% | +70.6% |
| 1993 | 10.0% | -31.4% |
| 1994 | 39.0% | +290.3% |
| 1995 | 49.0% | +25.8% |
| 1996 | 19.8% | -59.7% |
| 1997 | 4.5% | -77.3% |
| 1998 | 6.2% | +38.2% |
| 1999 | 7.2% | +15.8% |
| 2000 | 11.6% | +60.9% |
| 2001 | 7.9% | -31.6% |
| 2002 | 16.5% | +108.4% |
| 2003 | -1.7% | -110.3% |
| 2004 | 14.0% | -919.0% |
| 2005 | 18.4% | +31.6% |
| 2006 | 10.8% | -41.4% |
| 2007 | 10.3% | -4.4% |
| 2008 | 7.5% | -27.2% |
| 2009 | 6.9% | -7.4% |
| 2010 | 10.2% | +47.5% |
| 2011 | 10.4% | +1.6% |
| 2012 | 5.5% | -47.4% |
| 2013 | 5.5% | -0.3% |
| 2014 | 6.7% | +23.5% |
| 2015 | 6.5% | -3.4% |
| 2016 | 9.0% | +37.8% |
| 2017 | 5.0% | -44.6% |
| 2018 | 8.3% | +67.2% |
| 2019 | 6.5% | -21.4% |
| 2020 | 4.3% | -33.9% |
| 2021 | 6.3% | +45.4% |
| 2022 | 9.8% | +55.7% |
| 2023 | 8.4% | -13.5% |
| 2024 | 7.4% | -12.0% |
| 2025 | 8.4% | +12.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.1% | 4.5% | 49.0% | 10 |
| 2000s | 10.2% | -1.7% | 18.4% | 10 |
| 2010s | 7.4% | 5.0% | 10.4% | 10 |
| 2020s | 7.4% | 4.3% | 9.8% | 6 |
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 inflation, gdp deflator: linked series in Madagascar?
- Inflation, gdp deflator: linked series in Madagascar was 8.4% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Madagascar?
- The highest recorded value was 49.0% in 1995.
- What is the lowest inflation, gdp deflator: linked series recorded in Madagascar?
- The lowest recorded value was -1.7% in 2003.
- How does Madagascar rank for inflation, gdp deflator: linked series?
- Madagascar ranks 33rd out of 212 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Madagascar?
- Over the last ten years it is up 28.8%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.