Primary income balance (credit less debit), Net (credits less debits) in Madagascar
Madagascar: Primary income balance (credit less debit), Net (credits less debits) was -419.51 million in 2022. ▼ Falling
Primary income balance (credit less debit), Net (credits less debits) in Madagascar, 2005–2022
Source: International Monetary Fund.
Analysis
Madagascar recorded -419.51 million for primary income balance (credit less debit), net (credits less debits) in 2022.
That represents a change of down 35.3% on the previous year and down 13.0% over ten years.
Over the whole period, primary income balance (credit less debit), net (credits less debits) in Madagascar peaked at -85.97 million in 2007 and was at its lowest, -491.23 million, in 2019.
Madagascar ranks 94th of 197 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 18 years of available data.
Primary income balance (credit less debit), Net (credits less debits) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -122.43 million | — |
| 2006 | -147.01 million | +20.1% |
| 2007 | -85.97 million | -41.5% |
| 2008 | -99.82 million | +16.1% |
| 2009 | -146.86 million | +47.1% |
| 2010 | -179.34 million | +22.1% |
| 2011 | -211.86 million | +18.1% |
| 2012 | -371.13 million | +75.2% |
| 2013 | -423.37 million | +14.1% |
| 2014 | -349.90 million | -17.4% |
| 2015 | -428.24 million | +22.4% |
| 2016 | -469.14 million | +9.6% |
| 2017 | -416.27 million | -11.3% |
| 2018 | -460.46 million | +10.6% |
| 2019 | -491.23 million | +6.7% |
| 2020 | -384.95 million | -21.6% |
| 2021 | -310.10 million | -19.4% |
| 2022 | -419.51 million | +35.3% |
Madagascar compared with similar countries
- Madagascar's -419.51 million is below the median for low income countries, which is -347.95 million, 1.2× the median. (20 countries reporting)
- Madagascar's -419.51 million is below the median for Sub-Saharan Africa, which is -393.85 million, 1.1× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -120.42 million | -147.01 million | -85.97 million | 5 |
| 2010s | -380.09 million | -491.23 million | -179.34 million | 10 |
| 2020s | -371.52 million | -419.51 million | -310.10 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 primary income balance (credit less debit), net (credits less debits) in Madagascar?
- Primary income balance (credit less debit), net (credits less debits) in Madagascar was -419.51 million in 2022, according to International Monetary Fund.
- What is the highest primary income balance (credit less debit), net (credits less debits) recorded in Madagascar?
- The highest recorded value was -85.97 million in 2007.
- What is the lowest primary income balance (credit less debit), net (credits less debits) recorded in Madagascar?
- The lowest recorded value was -491.23 million in 2019.
- How does Madagascar rank for primary income balance (credit less debit), net (credits less debits)?
- Madagascar ranks 94th out of 197 countries with data for 2022.
- Is primary income balance (credit less debit), net (credits less debits) rising or falling in Madagascar?
- Over the last ten years it is down 13.0%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Primary income 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.