Total reserves in months of imports (reserves International Financial) in Madagascar
Madagascar: Total reserves in months of imports (reserves International Financial) was 5.55 in 2024. ◆ Volatile
Total reserves in months of imports in Madagascar, 1974–2024
Source: International Financial Statistics database, International Monetary Fund (IMF).
Analysis
In 2024, total reserves in months of imports in Madagascar stood at 5.55.
Compared with earlier readings it is up 0.9% on the previous year and up 162.6% over ten years.
Over the whole period, total reserves in months of imports in Madagascar peaked at 5.73 in 2020 and was at its lowest, 0.0631, in 1979.
That places Madagascar 59th out of 179 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Total reserves in months of imports (reserves International Financial) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | 1.6 | — |
| 1975 | 0.8502 | -46.8% |
| 1976 | 1.22 | +43.8% |
| 1977 | 1.81 | +48.4% |
| 1978 | 1.22 | -33.0% |
| 1979 | 0.0631 | -94.8% |
| 1980 | 0.0974 | +54.4% |
| 1981 | 0.3848 | +295.1% |
| 1982 | 0.3183 | -17.3% |
| 1983 | 0.5223 | +64.1% |
| 1984 | 1.06 | +103.1% |
| 1985 | 0.9138 | -13.8% |
| 1986 | 1.97 | +115.9% |
| 1987 | 3.06 | +55.2% |
| 1988 | 3.53 | +15.1% |
| 1989 | 3.89 | +10.3% |
| 1990 | 1.12 | -71.1% |
| 1991 | 1.26 | +12.5% |
| 1992 | 1.15 | -9.2% |
| 1993 | 0.9973 | -13.0% |
| 1994 | 0.833 | -16.5% |
| 1995 | 1.13 | +35.2% |
| 1996 | 2.51 | +123.2% |
| 1997 | 3.23 | +28.4% |
| 1998 | 1.91 | -40.7% |
| 1999 | 2.52 | +31.6% |
| 2000 | 2.81 | +11.4% |
| 2001 | 3.65 | +30.1% |
| 2002 | 2.45 | -32.9% |
| 2003 | 3.4 | +38.9% |
| 2004 | 3.65 | +7.2% |
| 2005 | 2.52 | -31.1% |
| 2006 | 2.79 | +10.7% |
| 2007 | 2.87 | +3.0% |
| 2008 | 2.4 | -16.5% |
| 2009 | 2.88 | +20.2% |
| 2010 | 3.36 | +16.6% |
| 2011 | 3.3 | -1.7% |
| 2012 | 2.91 | -12.0% |
| 2013 | 2.02 | -30.5% |
| 2014 | 2.11 | +4.6% |
| 2015 | 2.52 | +19.2% |
| 2016 | 3.49 | +38.8% |
| 2017 | 3.88 | +11.2% |
| 2018 | 3.91 | +0.8% |
| 2019 | 3.88 | -0.9% |
| 2020 | 5.73 | +47.7% |
| 2021 | 5.47 | -4.6% |
| 2022 | 3.97 | -27.4% |
| 2023 | 5.49 | +38.3% |
| 2024 | 5.55 | +0.9% |
Madagascar compared with similar countries
- Madagascar's 5.55 is above the median for low income countries, which is 2.02, 2.8× the median. (19 countries reporting)
- Madagascar's 5.55 is above the median for Sub-Saharan Africa, which is 3.67, 1.5× the median. (39 countries reporting)
Biggest year-on-year movements
Years where Total reserves in months of imports (reserves International Financial) 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 |
|---|---|---|---|
| 1981 | +295.1% | 0.0974 | 0.3848 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.13 | 0.0631 | 1.81 | 6 |
| 1980s | 1.57 | 0.0974 | 3.89 | 10 |
| 1990s | 1.67 | 0.833 | 3.23 | 10 |
| 2000s | 2.94 | 2.4 | 3.65 | 10 |
| 2010s | 3.14 | 2.02 | 3.91 | 10 |
| 2020s | 5.24 | 3.97 | 5.73 | 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 total reserves in months of imports in Madagascar?
- Total reserves in months of imports in Madagascar was 5.55 in 2024, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest total reserves in months of imports recorded in Madagascar?
- The highest recorded value was 5.73 in 2020.
- What is the lowest total reserves in months of imports recorded in Madagascar?
- The lowest recorded value was 0.0631 in 1979.
- How does Madagascar rank for total reserves in months of imports?
- Madagascar ranks 59th out of 179 countries with data for 2024.
- Is total reserves in months of imports rising or falling in Madagascar?
- Over the last ten years it is up 162.6%. 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 Total reserves in months of imports. Statizoid updates them automatically from the source API.
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About this data
Reserve assets are external assets, including monetary gold, that are readily available to and controlled by monetary authorities for meeting balance of payments financing needs, for intervention in exchange markets to affect the currency exchange rate, and for other related purposes (such as maintaining confidence in the currency and the economy, and serving as a basis for foreign borrowing). Reserve assets must be denominated and settled in foreign currency. This item is expressed in terms of the number of months of imports of goods and services they could pay for [X/(Imports/12)].