[ Nominal GDP in billions of USD ]
Year -
$17.42 billions
Madagascar GDP expanded from 1960 to 2024, increasing from $0.67 billion to $17.42 billion.The compound annual growth rate (CAGR) averaged 5.22% over the period. The economy recorded its peak level in 2024 and its lowest level in 1960. Growth volatility remained high. The maximum drawdown reached 38.85%, indicating the largest cyclical decline from peak levels. The country experienced 13 recession episode(s) during the observed period.
| Metric | Nominal GDP (Current USD) | GDP (PPP, Int$) |
|---|---|---|
| Latest Year | 2024 | 2024 |
| Latest GDP | $ 17.42 Billions | $ 60.21 Int Billions |
| Growth (YoY) | 9.77% | 6.72% |
| Net Change vs Previous Year | $ 1.55 Billion | $ 3.79 Int Billion |
| % of World GDP | 0.02% | 0.03% |
| Meaning | Nominal GDP (Current USD, exchange-rate based) | GDP (PPP, cost-of-living adjusted) |
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.67 | - | - | - | - | - |
| 1961 | 0.7 | 0.03 | 3.875 % | - | - | - |
| 1962 | 0.74 | 0.04 | 5.739 % | - | - | - |
| 1963 | 0.76 | 0.02 | 2.713 % | - | - | - |
| 1964 | 0.8 | 0.04 | 5.681 % | - | - | - |
| 1965 | 0.83 | 0.03 | 3.873 % | - | - | - |
| 1966 | 0.9 | 0.07 | 8.002 % | - | - | - |
| 1967 | 0.96 | 0.06 | 6.24 % | - | - | - |
| 1968 | 1.03 | 0.08 | 7.866 % | - | - | - |
| 1969 | 1.06 | 0.02 | 2.396 % | - | - | - |
| 1970 | 1.11 | 0.06 | 5.251 % | - | - | - |
| 1971 | 1.2 | 0.09 | 7.883 % | - | - | - |
| 1972 | 1.34 | 0.14 | 11.845 % | - | - | - |
| 1973 | 1.65 | 0.31 | 23.217 % | - | - | - |
| 1974 | 1.92 | 0.26 | 15.997 % | - | - | - |
| 1975 | 2.28 | 0.37 | 19.063 % | - | - | - |
| 1976 | 2.18 | -0.1 | -4.433 % | - | - | - |
| 1977 | 2.36 | 0.18 | 8.116 % | - | - | - |
| 1978 | 2.67 | 0.31 | 13.177 % | - | - | - |
| 1979 | 3.46 | 0.79 | 29.733 % | - | - | - |
| 1980 | 5.2 | 1.74 | 50.187 % | - | - | - |
| 1981 | 4.76 | -0.44 | -8.506 % | - | - | - |
| 1982 | 4.78 | 0.03 | 0.539 % | - | - | - |
| 1983 | 4.69 | -0.1 | -2.059 % | - | - | - |
| 1984 | 3.91 | -0.78 | -16.655 % | - | - | - |
| 1985 | 3.8 | -0.1 | -2.647 % | - | - | - |
| 1986 | 4.35 | 0.55 | 14.344 % | - | - | - |
| 1987 | 3.21 | -1.14 | -26.106 % | - | - | - |
| 1988 | 3.19 | -0.02 | -0.73 % | - | - | - |
| 1989 | 3.18 | -0.01 | -0.433 % | - | - | - |
| 1990 | 3.93 | 0.76 | 23.797 % | 14.05 | - | - |
| 1991 | 3.25 | -0.68 | -17.211 % | 13.61 | -0.44 | -3.138 % |
| 1992 | 3.71 | 0.46 | 14.141 % | 14.09 | 0.47 | 3.487 % |
| 1993 | 4.06 | 0.35 | 9.376 % | 14.73 | 0.64 | 4.52 % |
| 1994 | 3.52 | -0.54 | -13.316 % | 15.03 | 0.31 | 2.092 % |
| 1995 | 3.84 | 0.32 | 8.968 % | 15.61 | 0.57 | 3.81 % |
| 1996 | 4.93 | 1.09 | 28.497 % | 16.23 | 0.63 | 4.024 % |
| 1997 | 4.26 | -0.67 | -13.563 % | 17.12 | 0.89 | 5.482 % |
| 1998 | 4.4 | 0.14 | 3.261 % | 17.99 | 0.87 | 5.085 % |
| 1999 | 4.28 | -0.12 | -2.818 % | 19.11 | 1.11 | 6.181 % |
| 2000 | 4.63 | 0.35 | 8.213 % | 20.41 | 1.3 | 6.823 % |
| 2001 | 5.44 | 0.81 | 17.478 % | 22.12 | 1.71 | 8.367 % |
| 2002 | 5.35 | -0.09 | -1.593 % | 19.67 | -2.44 | -11.047 % |
| 2003 | 6.37 | 1.02 | 19.074 % | 22.03 | 2.35 | 11.952 % |
| 2004 | 5.06 | -1.31 | -20.522 % | 23.81 | 1.78 | 8.087 % |
| 2005 | 5.86 | 0.79 | 15.688 % | 25.72 | 1.91 | 8.04 % |
| 2006 | 6.4 | 0.54 | 9.155 % | 27.95 | 2.22 | 8.649 % |
| 2007 | 8.52 | 2.13 | 33.286 % | 30.34 | 2.4 | 8.575 % |
| 2008 | 10.73 | 2.2 | 25.814 % | 33 | 2.66 | 8.769 % |
| 2009 | 9.62 | -1.11 | -10.333 % | 31.89 | -1.12 | -3.386 % |
| 2010 | 9.98 | 0.37 | 3.804 % | 32.47 | 0.59 | 1.842 % |
| 2011 | 11.55 | 1.57 | 15.718 % | 33.67 | 1.19 | 3.674 % |
| 2012 | 11.58 | 0.03 | 0.235 % | 34.34 | 0.67 | 2 % |
| 2013 | 12.42 | 0.84 | 7.294 % | 35.52 | 1.18 | 3.444 % |
| 2014 | 12.52 | 0.1 | 0.8 % | 37.12 | 1.6 | 4.49 % |
| 2015 | 11.32 | -1.2 | -9.582 % | 38.05 | 0.94 | 2.522 % |
| 2016 | 11.85 | 0.53 | 4.642 % | 40.76 | 2.7 | 7.1 % |
| 2017 | 13.18 | 1.33 | 11.206 % | 41.44 | 0.68 | 1.675 % |
| 2018 | 13.76 | 0.58 | 4.43 % | 42.52 | 1.09 | 2.619 % |
| 2019 | 14.1 | 0.34 | 2.505 % | 45.5 | 2.97 | 6.996 % |
| 2020 | 13.05 | -1.05 | -7.467 % | 43.15 | -2.35 | -5.161 % |
| 2021 | 14.35 | 1.3 | 9.986 % | 46.84 | 3.69 | 8.541 % |
| 2022 | 15.33 | 0.97 | 6.763 % | 52.26 | 5.42 | 11.582 % |
| 2023 | 15.87 | 0.54 | 3.552 % | 56.42 | 4.16 | 7.953 % |
| 2024 | 17.42 | 1.55 | 9.77 % | 60.21 | 3.79 | 6.72 % |
Between 1960 to 2024, Madagascar experienced the following economic phases:
The most remarkable growth occurred in 1980 with an increase of 50.187%, while the largest decline was in 1987 at -26.106%.