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Madagascar Trade (% GDP)

Madagascar's trade (% GDP) fell to 54.97% in 2024, down from 61.13% in 2023, according to World Bank. This represents a decrease of 6.16% from the previous year. Madagascar has trade (% GDP) lower than the global median (54.97% vs median 84.49%). Compared with the median in Africa, Madagascar is lower (54.97% vs regional median 62.95%) and ranks 29th out of 48 countries in Africa.

Yearly Historical Data (1960-2024)

(in %)
Year Trade (% GDP)
2024 54.97%
2023 61.13%
2022 70.55%
2021 55.22%
2020 49.01%
2019 62.6%
2018 67.84%
2017 65.34%
2016 60.83%
2015 61.22%
2014 61.97%
2013 56.37%
2012 52.65%
2011 56.48%
2010 57.87%
2009 62.41%
2008 74.36%
2007 66.7%
2006 62.1%
2005 59.13%
2004 48.78%
2003 34.03%
2002 50.18%
2001 41.04%
2000 42.78%
1999 40.92%
1998 37.33%
1997 36.87%
1996 35.88%
1995 45.37%
1994 43.56%
1993 32.87%
1992 33.16%
1991 35.76%
1990 32.38%
1989 31.76%
1988 30.5%
1987 30.13%
1986 21.54%
1985 22.44%
1984 23.26%
1983 19.29%
1982 21.38%
1981 23.53%
1980 30.27%
1979 44.96%
1978 41.21%
1977 36.49%
1976 32.69%
1975 36.75%
1974 35.73%
1973 33.13%
1972 32.59%
1971 35.47%
1970 40.75%
1969 41.22%
1968 40.54%
1967 39.02%
1966 40.49%
1965 33.21%
1964 33.23%
1963 32.71%
1962 32.14%
1961 34.11%
1960 26.65%
Madagascar Trade (% GDP) : Definition
Trade (% GDP) measures the sum of exports and imports for Madagascar divided by its total economic output, shown as a percentage.
Indicator Last Value Prior Value Period
Annual Exports $3.28B $3.72B 2023
Annual Imports $4.82B $5.61B 2023
Exports (% GDP) 23.63% 27% 2024
FDI Inflows (% GDP) 2.61% 3.05% 2023
Imports (% GDP) 31.35% 34.13% 2024
Net Trade (Goods & Services, BoP) -$1.35B -$1.41B 2022
Tariff Rate 10.03% 8.53% 2022