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Madagascar Real GDP

Madagascar's real GDP rose to $14.49 billion in 2024, up from $13.91 billion in 2023, according to World Bank. This represents an increase of 4.2% ($584.15 million) from the previous year and accounts for 0.01% of the world's total real GDP. Madagascar has real GDP lower than the global median ($14.49 billion vs median $29.34 billion). Compared with the median in Africa, Madagascar is lower ($14.49 billion vs regional median $17.15 billion) and ranks 32nd 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 Real GDP (Billion USD)
2024 14.49
2023 13.91
2022 13.35
2021 12.81
2020 12.25
2019 13.19
2018 12.63
2017 12.24
2016 11.78
2015 11.32
2014 10.98
2013 10.62
2012 10.39
2011 10.08
2010 9.93
2009 9.86
2008 10.27
2007 9.63
2006 9.11
2005 8.64
2004 8.25
2003 7.84
2002 7.14
2001 8.15
2000 7.69
1999 7.36
1998 7.03
1997 6.77
1996 6.52
1995 6.39
1994 6.28
1993 6.28
1992 6.15
1991 6.08
1990 6.49
1989 6.3
1988 6.05
1987 5.85
1986 5.78
1985 5.67
1984 5.61
1983 5.51
1982 5.46
1981 5.57
1980 6.17
1979 6.11
1978 5.56
1977 5.72
1976 5.58
1975 5.76
1974 5.69
1973 5.58
1972 5.73
1971 5.8
1970 5.58
1969 5.3
1968 5.11
1967 4.78
1966 4.53
1965 4.44
1964 4.46
1963 4.29
1962 4.33
1961 4.24
1960 4.15
Madagascar Real GDP : Definition
Real GDP is defined as the value of all goods and services produced in Madagascar, measured in US dollars adjusted to 2015 prices. By fixing prices to a base year, it removes the effect of inflation, so this represents real GDP rather than nominal GDP.
Indicator Last Value Prior Value Period
GDP $17.42B $15.87B 2024
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