Services balance (credit less debit), Net (credits less debits) (US) in Madagascar
Madagascar: Services balance (credit less debit), Net (credits less debits) (US) was -382.07 million in 2022. ◆ Volatile
Services balance (credit less debit), Net (credits less debits) in Madagascar, 2005–2022
Source: International Monetary Fund.
Analysis
The most recent figure for services balance (credit less debit), net (credits less debits) in Madagascar is -382.07 million, measured in 2022.
The figure is up 12.7% on the previous year and down 1,038.5% over ten years.
Over the whole period, services balance (credit less debit), net (credits less debits) in Madagascar peaked at 241.35 million in 2019 and was at its lowest, -437.81 million, in 2021.
That places Madagascar 122nd out of 197 countries with data for 2022, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Services balance (credit less debit), Net (credits less debits) (US) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2005 | -207.20 million | — |
| 2006 | -134.77 million | -35.0% |
| 2007 | -143.62 million | +6.6% |
| 2008 | -195.16 million | +35.9% |
| 2009 | -293.07 million | +50.2% |
| 2010 | -211.32 million | -27.9% |
| 2011 | -151.23 million | -28.4% |
| 2012 | 40.71 million | -126.9% |
| 2013 | -64.45 million | -258.3% |
| 2014 | 91.73 million | -242.3% |
| 2015 | -27.87 million | -130.4% |
| 2016 | 90.67 million | -425.3% |
| 2017 | 105.91 million | +16.8% |
| 2018 | 44.01 million | -58.4% |
| 2019 | 241.35 million | +448.4% |
| 2020 | -228.75 million | -194.8% |
| 2021 | -437.81 million | +91.4% |
| 2022 | -382.07 million | -12.7% |
Madagascar compared with similar countries
- Madagascar's -382.07 million is above the median for low income countries, which is -384.30 million, 99% of the median. (20 countries reporting)
- Madagascar's -382.07 million is above the median for Sub-Saharan Africa, which is -399.59 million, 96% of the median. (43 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -194.76 million | -293.07 million | -134.77 million | 5 |
| 2010s | 15.95 million | -211.32 million | 241.35 million | 10 |
| 2020s | -349.54 million | -437.81 million | -228.75 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 services balance (credit less debit), net (credits less debits) in Madagascar?
- Services balance (credit less debit), net (credits less debits) in Madagascar was -382.07 million in 2022, according to International Monetary Fund.
- What is the highest services balance (credit less debit), net (credits less debits) recorded in Madagascar?
- The highest recorded value was 241.35 million in 2019.
- What is the lowest services balance (credit less debit), net (credits less debits) recorded in Madagascar?
- The lowest recorded value was -437.81 million in 2021.
- How does Madagascar rank for services balance (credit less debit), net (credits less debits)?
- Madagascar ranks 122nd out of 197 countries with data for 2022.
- Is services balance (credit less debit), net (credits less debits) rising or falling in Madagascar?
- Over the last ten years it is down 1,038.5%. 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 Services 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.