Reserves excluding gold in Madagascar

Madagascar: Reserves excluding gold was 2.14 billion SDR in 2024. ◆ Volatile

Latest (2024)
2.14 billion SDR
Change on year
up 8.8%
World rank
121st
of 188 countries
All-time high
2.14 billion SDR
in 2024
All-time low
3.83 million SDR
in 1979
Years of data
63
1962–2024

Reserves excluding gold in Madagascar, 1962–2024

0500.0M1.0B1.5B2.0B196219932024

Source: International Monetary Fund. Measured in SDR.

Analysis

In 2024, reserves excluding gold in Madagascar stood at 2.14 billion SDR. That is the highest value across all 63 years on record.

Compared with earlier readings it is up 8.8% on the previous year and up 299.8% over ten years.

Over the whole period, reserves excluding gold in Madagascar peaked at 2.14 billion SDR in 2024 and was at its lowest, 3.83 million SDR, in 1979.

Madagascar ranks 121st of 188 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.

Reserves excluding gold in Madagascar, year by year

Annual values for Reserves excluding gold (SDR) in Madagascar, 1962 to 2024.
Year SDR Change
1962 48.00 million SDR —
1963 42.80 million SDR -10.8%
1964 51.08 million SDR +19.3%
1965 49.88 million SDR -2.3%
1966 51.48 million SDR +3.2%
1967 42.88 million SDR -16.7%
1968 30.58 million SDR -28.7%
1969 19.38 million SDR -36.6%
1970 37.12 million SDR +91.5%
1971 42.69 million SDR +15.0%
1972 48.12 million SDR +12.7%
1973 56.29 million SDR +17.0%
1974 40.35 million SDR -28.3%
1975 30.39 million SDR -24.7%
1976 36.29 million SDR +19.4%
1977 56.74 million SDR +56.4%
1978 45.46 million SDR -19.9%
1979 3.83 million SDR -91.6%
1980 7.13 million SDR +86.5%
1981 22.79 million SDR +219.4%
1982 18.09 million SDR -20.6%
1983 27.91 million SDR +54.3%
1984 60.09 million SDR +115.3%
1985 44.10 million SDR -26.6%
1986 93.63 million SDR +112.3%
1987 130.54 million SDR +39.4%
1988 166.25 million SDR +27.3%
1989 186.63 million SDR +12.3%
1990 64.73 million SDR -65.3%
1991 62.12 million SDR -4.0%
1992 61.40 million SDR -1.2%
1993 58.71 million SDR -4.4%
1994 49.07 million SDR -16.4%
1995 73.30 million SDR +49.4%
1996 167.52 million SDR +128.5%
1997 208.71 million SDR +24.6%
1998 121.72 million SDR -41.7%
1999 165.53 million SDR +36.0%
2000 218.88 million SDR +32.2%
2001 316.97 million SDR +44.8%
2002 267.21 million SDR -15.7%
2003 278.79 million SDR +4.3%
2004 324.23 million SDR +16.3%
2005 336.74 million SDR +3.9%
2006 387.65 million SDR +15.1%
2007 535.79 million SDR +38.2%
2008 637.75 million SDR +19.0%
2009 626.45 million SDR -1.8%
2010 664.25 million SDR +6.0%
2011 739.00 million SDR +11.3%
2012 685.01 million SDR -7.3%
2013 503.99 million SDR -26.4%
2014 534.11 million SDR +6.0%
2015 600.41 million SDR +12.4%
2016 880.50 million SDR +46.7%
2017 1.12 billion SDR +27.6%
2018 1.25 billion SDR +11.3%
2019 1.22 billion SDR -2.1%
2020 1.38 billion SDR +12.3%
2021 1.67 billion SDR +21.3%
2022 1.62 billion SDR -2.7%
2023 1.96 billion SDR +20.9%
2024 2.14 billion SDR +8.8%

Madagascar compared with similar countries

  • Madagascar's 2.14 billion SDR is above the median for low income countries, which is 711.04 million SDR, 3.0× the median. (20 countries reporting)
  • Madagascar's 2.14 billion SDR is above the median for Sub-Saharan Africa, which is 872.46 million SDR, 2.4× the median. (40 countries reporting)

Biggest year-on-year movements

Years where Reserves excluding gold 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.

YearChange FromTo
1981 +219.4% 7.13 million SDR 22.79 million SDR

Averages by decade

DecadeAverage LowestHighest Years
1960s 42.01 million SDR 19.38 million SDR 51.48 million SDR 8
1970s 39.73 million SDR 3.83 million SDR 56.74 million SDR 10
1980s 75.72 million SDR 7.13 million SDR 186.63 million SDR 10
1990s 103.28 million SDR 49.07 million SDR 208.71 million SDR 10
2000s 393.04 million SDR 218.88 million SDR 637.75 million SDR 10
2010s 820.61 million SDR 503.99 million SDR 1.25 billion SDR 10
2020s 1.75 billion SDR 1.38 billion SDR 2.14 billion SDR 5

Countries ranked near Madagascar

  1. 118 Haiti 2.29 billion SDR compare
  2. 119 Namibia 2.27 billion SDR compare
  3. 120 Slovenia 2.16 billion SDR compare
  4. 122 Venezuela 2.13 billion SDR compare
  5. 123 Bahamas 2.05 billion SDR compare
  6. 124 Luxembourg 2.00 billion SDR compare

See the full ranking of 208 places →

More financial sector data for Madagascar

All data for Madagascar →

Frequently asked questions

What is reserves excluding gold in Madagascar?
Reserves excluding gold in Madagascar was 2.14 billion SDR in 2024, according to International Monetary Fund.
What is the highest reserves excluding gold recorded in Madagascar?
The highest recorded value was 2.14 billion SDR in 2024.
What is the lowest reserves excluding gold recorded in Madagascar?
The lowest recorded value was 3.83 million SDR in 1979.
How does Madagascar rank for reserves excluding gold?
Madagascar ranks 121st out of 188 countries with data for 2024.
Is reserves excluding gold rising or falling in Madagascar?
Over the last ten years it is up 299.8%. 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 Reserves excluding gold (SDR). Statizoid updates them automatically from the source API.

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Reserves excluding gold in Madagascar. Statizoid, drawing on International Monetary Fund. Retrieved 03 October 2026, from https://financial-sector.statizoid.com/stat/reserves-excluding-gold-sdr/madagascar/

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About this data

Indicator
Reserves excluding gold (SDR)
Unit
SDR
Source
International Monetary Fund
Licence
IMF Terms and Conditions (attribution required)
Coverage
208 places, 11,419 data points, 1950–2025
Last refreshed

International liquidity consists of all the resources that are available to the monetary authorities of countries for the purpose of meeting balance of payments financing needs.