Net foreign assets in Madagascar
Madagascar: Net foreign assets was 10.30 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
10.30 trillion current LCU
Change on year
up 23.1%
World rank
27th
of 187 countries
All-time high
10.30 trillion current LCU
in 2024
All-time low
-581.28 billion current LCU
in 1991
Years of data
63
1962–2024
Net foreign assets in Madagascar, 1962–2024
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, net foreign assets in Madagascar stood at 10.30 trillion current LCU. That is the highest value across all 63 years on record.
The figure is up 23.1% on the previous year and up 383.7% over ten years.
Over the whole period, net foreign assets in Madagascar peaked at 10.30 trillion current LCU in 2024 and was at its lowest, -581.28 billion current LCU, in 1991.
Madagascar ranks 27th of 187 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net foreign assets in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 1962 | 2.93 billion current LCU | — |
| 1963 | 2.58 billion current LCU | -12.0% |
| 1964 | 2.64 billion current LCU | +2.3% |
| 1965 | 2.97 billion current LCU | +12.7% |
| 1966 | 3.09 billion current LCU | +3.8% |
| 1967 | 2.90 billion current LCU | -6.2% |
| 1968 | 2.37 billion current LCU | -18.3% |
| 1969 | 2.00 billion current LCU | -15.5% |
| 1970 | 3.14 billion current LCU | +57.2% |
| 1971 | 2.88 billion current LCU | -8.5% |
| 1972 | 3.38 billion current LCU | +17.5% |
| 1973 | 3.87 billion current LCU | +14.5% |
| 1974 | 3.33 billion current LCU | -14.0% |
| 1975 | 1.99 billion current LCU | -40.2% |
| 1976 | 2.46 billion current LCU | +23.5% |
| 1977 | 3.15 billion current LCU | +28.0% |
| 1978 | 2.30 billion current LCU | -26.9% |
| 1979 | -8.74 billion current LCU | -479.9% |
| 1980 | -25.16 billion current LCU | +187.8% |
| 1981 | -35.65 billion current LCU | +41.7% |
| 1982 | -44.39 billion current LCU | +24.5% |
| 1983 | -88.01 billion current LCU | +98.3% |
| 1984 | -120.70 billion current LCU | +37.1% |
| 1985 | -140.13 billion current LCU | +16.1% |
| 1986 | -184.99 billion current LCU | +32.0% |
| 1987 | -349.51 billion current LCU | +88.9% |
| 1988 | -399.14 billion current LCU | +14.2% |
| 1989 | -409.38 billion current LCU | +2.6% |
| 1990 | -453.57 billion current LCU | +10.8% |
| 1991 | -581.28 billion current LCU | +28.2% |
| 1992 | -47.67 billion current LCU | -91.8% |
| 1993 | -23.57 billion current LCU | -50.6% |
| 1994 | -46.14 billion current LCU | +95.8% |
| 1995 | 23.29 billion current LCU | -150.5% |
| 1996 | 110.20 billion current LCU | +373.2% |
| 1997 | 284.97 billion current LCU | +158.6% |
| 1998 | 161.95 billion current LCU | -43.2% |
| 1999 | 254.98 billion current LCU | +57.4% |
| 2000 | 339.38 billion current LCU | +33.1% |
| 2001 | 424.82 billion current LCU | +25.2% |
| 2002 | 371.77 billion current LCU | -12.5% |
| 2003 | 437.70 billion current LCU | +17.7% |
| 2004 | 775.72 billion current LCU | +77.2% |
| 2005 | 844.60 billion current LCU | +8.9% |
| 2006 | 1.60 trillion current LCU | +89.6% |
| 2007 | 2.00 trillion current LCU | +24.9% |
| 2008 | 2.30 trillion current LCU | +15.1% |
| 2009 | 2.13 trillion current LCU | -7.4% |
| 2010 | 2.51 trillion current LCU | +17.9% |
| 2011 | 2.80 trillion current LCU | +11.4% |
| 2012 | 2.67 trillion current LCU | -4.5% |
| 2013 | 1.88 trillion current LCU | -29.5% |
| 2014 | 2.13 trillion current LCU | +13.0% |
| 2015 | 2.66 trillion current LCU | +24.9% |
| 2016 | 3.64 trillion current LCU | +36.9% |
| 2017 | 4.43 trillion current LCU | +21.5% |
| 2018 | 4.93 trillion current LCU | +11.3% |
| 2019 | 4.64 trillion current LCU | -5.8% |
| 2020 | 4.92 trillion current LCU | +6.0% |
| 2021 | 4.96 trillion current LCU | +0.7% |
| 2022 | 5.05 trillion current LCU | +1.8% |
| 2023 | 8.37 trillion current LCU | +65.8% |
| 2024 | 10.30 trillion current LCU | +23.1% |
Madagascar compared with similar countries
- Madagascar's 10.30 trillion current LCU is above the median for low income countries, which is 280.01 billion current LCU, 36.8× the median. (24 countries reporting)
- Madagascar's 10.30 trillion current LCU is above the median for Sub-Saharan Africa, which is 241.93 billion current LCU, 42.6× the median. (48 countries reporting)
Biggest year-on-year movements
Years where Net foreign assets in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1979 | -479.9% | 2.30 billion current LCU | -8.74 billion current LCU |
| 1996 | +373.2% | 23.29 billion current LCU | 110.20 billion current LCU |
| 1980 | -187.8% | -8.74 billion current LCU | -25.16 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.68 billion current LCU | 2.00 billion current LCU | 3.09 billion current LCU | 8 |
| 1970s | 1.78 billion current LCU | -8.74 billion current LCU | 3.87 billion current LCU | 10 |
| 1980s | -179.71 billion current LCU | -409.38 billion current LCU | -25.16 billion current LCU | 10 |
| 1990s | -31.68 billion current LCU | -581.28 billion current LCU | 284.97 billion current LCU | 10 |
| 2000s | 1.12 trillion current LCU | 339.38 billion current LCU | 2.30 trillion current LCU | 10 |
| 2010s | 3.23 trillion current LCU | 1.88 trillion current LCU | 4.93 trillion current LCU | 10 |
| 2020s | 6.72 trillion current LCU | 4.92 trillion current LCU | 10.30 trillion current LCU | 5 |
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 net foreign assets in Madagascar?
- Net foreign assets in Madagascar was 10.30 trillion current LCU in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest net foreign assets recorded in Madagascar?
- The highest recorded value was 10.30 trillion current LCU in 2024.
- What is the lowest net foreign assets recorded in Madagascar?
- The lowest recorded value was -581.28 billion current LCU in 1991.
- How does Madagascar rank for net foreign assets?
- Madagascar ranks 27th out of 187 countries with data for 2024.
- Is net foreign assets rising or falling in Madagascar?
- Over the last ten years it is up 383.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Net foreign assets (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net foreign assets are the sum of foreign assets held by monetary authorities and deposit money banks, less their foreign liabilities. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.