Secondary income balance (credit less debit), Net (credits less) in Madagascar
Madagascar: Secondary income balance (credit less debit), Net (credits less) was 942.02 million in 2022. ▲ Rising
Secondary income balance (credit less debit), Net (credits less) in Madagascar, 2005–2022
Source: International Monetary Fund.
Analysis
In 2022, secondary income balance (credit less debit), net (credits less) in Madagascar stood at 942.02 million.
Compared with earlier readings it is down 5.3% on the previous year and up 62.4% over ten years.
Over the whole period, secondary income balance (credit less debit), net (credits less) in Madagascar peaked at 995.24 million in 2021 and was at its lowest, 213.75 million, in 2005.
That places Madagascar 69th out of 197 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently rising across the 18 years of available data.
Secondary income balance (credit less debit), Net (credits less) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | 213.75 million | — |
| 2006 | 261.07 million | +22.1% |
| 2007 | 391.51 million | +50.0% |
| 2008 | 516.40 million | +31.9% |
| 2009 | 342.30 million | -33.7% |
| 2010 | 542.97 million | +58.6% |
| 2011 | 582.61 million | +7.3% |
| 2012 | 580.20 million | -0.4% |
| 2013 | 624.83 million | +7.7% |
| 2014 | 725.26 million | +16.1% |
| 2015 | 529.18 million | -27.0% |
| 2016 | 689.37 million | +30.3% |
| 2017 | 730.17 million | +5.9% |
| 2018 | 972.04 million | +33.1% |
| 2019 | 793.01 million | -18.4% |
| 2020 | 890.28 million | +12.3% |
| 2021 | 995.24 million | +11.8% |
| 2022 | 942.02 million | -5.3% |
Madagascar compared with similar countries
- Madagascar's 942.02 million is above the median for low income countries, which is 930.01 million, 1.0× the median. (20 countries reporting)
- Madagascar's 942.02 million is above the median for Sub-Saharan Africa, which is 679.29 million, 1.4× the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 345.01 million | 213.75 million | 516.40 million | 5 |
| 2010s | 676.96 million | 529.18 million | 972.04 million | 10 |
| 2020s | 942.51 million | 890.28 million | 995.24 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 secondary income balance (credit less debit), net (credits less) in Madagascar?
- Secondary income balance (credit less debit), net (credits less) in Madagascar was 942.02 million in 2022, according to International Monetary Fund.
- What is the highest secondary income balance (credit less debit), net (credits less) recorded in Madagascar?
- The highest recorded value was 995.24 million in 2021.
- What is the lowest secondary income balance (credit less debit), net (credits less) recorded in Madagascar?
- The lowest recorded value was 213.75 million in 2005.
- How does Madagascar rank for secondary income balance (credit less debit), net (credits less)?
- Madagascar ranks 69th out of 197 countries with data for 2022.
- Is secondary income balance (credit less debit), net (credits less) rising or falling in Madagascar?
- Over the last ten years it is up 62.4%. 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 Secondary income balance (credit less debit), Net (credits less debits) (US dollar). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under IMF Terms and Conditions (attribution required).
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.