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Madagascar GDP

Madagascar's GDP rose to $17.42 billion in 2024, up from $15.87 billion in 2023, according to World Bank. This represents an increase of 9.8% ($1.55 billion) from the previous year and accounts for 0.02% of the world's total GDP. Madagascar has GDP lower than the global median ($17.42 billion vs median $35.85 billion). Compared with the median in Africa, Madagascar is lower ($17.42 billion vs regional median $20.75 billion) and ranks 30th out of 52 countries in Africa.

Madagascar's GDP per capita rose to $453.38 in 2024, up from $445.83 in 2023.

Yearly Historical Data (1960-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 17.42
2023 15.87
2022 15.33
2021 14.35
2020 13.05
2019 14.1
2018 13.76
2017 13.18
2016 11.85
2015 11.32
2014 12.52
2013 12.42
2012 11.58
2011 11.55
2010 9.98
2009 9.62
2008 10.73
2007 8.52
2006 6.4
2005 5.86
2004 5.06
2003 6.37
2002 5.35
2001 5.44
2000 4.63
1999 4.28
1998 4.4
1997 4.26
1996 4.93
1995 3.84
1994 3.52
1993 4.06
1992 3.71
1991 3.25
1990 3.93
1989 3.18
1988 3.19
1987 3.21
1986 4.35
1985 3.8
1984 3.91
1983 4.69
1982 4.78
1981 4.76
1980 5.2
1979 3.46
1978 2.67
1977 2.36
1976 2.18
1975 2.28
1974 1.92
1973 1.65
1972 1.34
1971 1.2
1970 1.11
1969 1.06
1968 1.03
1967 0.96
1966 0.9
1965 0.83
1964 0.8
1963 0.76
1962 0.74
1961 0.7
1960 0.67
Madagascar GDP : Definition
GDP measures the total value of all goods and services produced in Madagascar, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.2% 4.2% 2024
GDP per Capita $453.38 $445.83 2024
GDP per Capita PPP $1,657.05 $1,629.46 2024
R&D Expenditure (% GDP) 0.01% 0.01% 2017
Real GDP $14.49B $13.91B 2024