Madagascar — GDP
GDP (Nominal) for Madagascar, 1960–2025.
GDP for Madagascar was 19.62 billion in 2025, according to the latest World Bank data. The series covers 66 years, from 1960 to 2025. The latest year is also the highest value on record for this series. The lowest was 673.08 million in 1960 (about 29.2× the low point). Across that span the compound annual growth rate works out to 5.33% per year.
Madagascar ranks 137 of 212 economies on this measure (1 = highest), putting it in the top 65%. The median for Sub-Saharan Africa is 19.93 billion, so Madagascar sits below it. Over the last decade (2015–2025) the figure moved up 73%. Within Sub-Saharan Africa it ranks 25 of 47 economies; Rwanda (16.37 billion) is just below it. Its sharpest one-year move was up 50% in 1980. That is 35% above this series' own ten-year average.
Data highlights
From its 1960 level: doubled by 1973; grown tenfold by 2007. Doubling roughly every 13 years at that pace.
World ranking. Slipped: 66th of 111 in 1960 → 79th of 146 in 1970 → 78th of 163 in 1980 → 109th of 192 in 1990 → 123rd of 204 in 2000 → 135th of 212 in 2010 → 133rd of 210 in 2020 → 132nd of 186 in 2025.
Key figures
Full history — 1960 to 2025
| Year | current US$ | Change |
|---|---|---|
| 2025 | 19,620,352,035.79 | +11.5% |
| 2024 | 17,592,832,696.13 | +9.7% |
| 2023 | 16,036,707,975.76 | +4.5% |
| 2022 | 15,342,178,598.25 | +6.9% |
| 2021 | 14,354,731,964.33 | +10.0% |
| 2020 | 13,051,441,204.05 | -7.5% |
| 2019 | 14,104,664,678.51 | +2.5% |
| 2018 | 13,760,033,282.29 | +4.4% |
| 2017 | 13,176,313,593.55 | +11.2% |
| 2016 | 11,848,613,858.44 | +4.6% |
| 2015 | 11,323,020,701.3 | -9.6% |
| 2014 | 12,522,957,399.23 | +0.8% |
| 2013 | 12,423,555,455.39 | +7.3% |
| 2012 | 11,578,975,061.95 | +0.2% |
| 2011 | 11,551,819,617.87 | +15.7% |
| 2010 | 9,982,711,338.07 | +3.8% |
| 2009 | 9,616,879,409.44 | -10.3% |
| 2008 | 10,725,137,723.65 | +25.8% |
| 2007 | 8,524,620,889.58 | +33.3% |
| 2006 | 6,395,712,490.94 | +9.2% |
| 2005 | 5,859,269,752.61 | +15.7% |
| 2004 | 5,064,732,626.29 | -20.5% |
| 2003 | 6,372,498,889.67 | +19.1% |
| 2002 | 5,351,701,663.41 | -1.6% |
| 2001 | 5,438,332,601.91 | +17.5% |
| 2000 | 4,629,247,203.85 | +8.2% |
| 1999 | 4,277,903,780.29 | -2.8% |
| 1998 | 4,401,967,632.74 | +3.3% |
| 1997 | 4,262,965,419.75 | -13.6% |
| 1996 | 4,931,861,038.71 | +28.5% |
| 1995 | 3,838,100,903.75 | +9.0% |
| 1994 | 3,522,227,092.23 | -13.3% |
| 1993 | 4,063,298,919.29 | +9.4% |
| 1992 | 3,714,966,678.33 | +14.1% |
| 1991 | 3,254,713,056.02 | -17.2% |
| 1990 | 3,931,334,875.01 | +23.8% |
| 1989 | 3,175,638,332.64 | -0.4% |
| 1988 | 3,189,456,965.05 | -0.7% |
| 1987 | 3,212,900,555.81 | -26.1% |
| 1986 | 4,347,989,788.09 | +14.3% |
| 1985 | 3,802,557,894.87 | -2.6% |
| 1984 | 3,905,938,480.86 | -16.7% |
| 1983 | 4,686,457,031.23 | -2.1% |
| 1982 | 4,784,977,325.96 | +0.5% |
| 1981 | 4,759,333,998.37 | -8.5% |
| 1980 | 5,201,818,347.8 | +50.2% |
| 1979 | 3,463,565,853.81 | +29.7% |
| 1978 | 2,669,755,115.11 | +13.2% |
| 1977 | 2,358,930,406.07 | +8.1% |
| 1976 | 2,181,844,178.55 | -4.4% |
| 1975 | 2,283,049,215.35 | +19.1% |
| 1974 | 1,917,508,190.05 | +16.0% |
| 1973 | 1,653,062,335 | +23.2% |
| 1972 | 1,341,590,690.41 | +11.8% |
| 1971 | 1,199,507,631.08 | +7.9% |
| 1970 | 1,111,859,570.88 | +5.3% |
| 1969 | 1,056,391,055.6 | +2.4% |
| 1968 | 1,031,669,637.4 | +7.9% |
| 1967 | 956,436,932.1 | +6.2% |
| 1966 | 900,264,584.59 | +8.0% |
| 1965 | 833,563,473 | +3.9% |
| 1964 | 802,482,183.73 | +5.7% |
| 1963 | 759,345,863.73 | +2.7% |
| 1962 | 739,286,907.59 | +5.7% |
| 1961 | 699,161,944.56 | +3.9% |
| 1960 | 673,081,724.75 | — |
Frequently asked questions
What was Madagascar’s GDP in 1961?
699,161,944.56 (1961). The full year-by-year table above lists every published year, most recent first.
Are Madagascar’s GDP figures nominal or inflation-adjusted?
They are exactly as the World Bank publishes them — current US$ — with no inflation restatement and no PPP conversion. Years the source does not report are omitted rather than interpolated.
Is Madagascar’s GDP growing or shrinking?
Between 1960 and 2025 the series was growing overall: +2815.0% in total — about 5.3% a year compounded.
Where does this data come from?
World Bank Open Data (CC BY-4.0), indicator NY.GDP.MKTP.CD. Values are reproduced as published; this page only computes summary statistics such as change, CAGR and extremes.
What are the most recent published figures?
The last five published years: 2025: 19,620,352,035.79; 2024: 17,592,832,696.13; 2023: 16,036,707,975.76; 2022: 15,342,178,598.25; 2021: 14,354,731,964.33. Earlier years are in the full-history table below.
Related data
NY.GDP.MKTP.CD — GDP (Nominal). Data licensed under CC BY 4.0. Values are reproduced as published; this page computes the summary statistics (change, CAGR, extremes) from the underlying annual series. View the original dataset on data.worldbank.org.