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Country · MDG

Madagascar · Economy

Madagascar: GDP of 19.5 bn$ in 2025 (IMF), +49.2 % since 2020 in current dollars. Growth in 2025: +3.1 %.

Source: IMF, World Economic Outlook (October 2026) · copied on 2026-11-11

GDP, current dollars
19.5 bn$
2025 · +49.2 % since 2020
GDP per capita
619 $
2025 · +29.7 % since 2020
Inflation
8.0 %
2025 · +3.8 pt since 2020
Public debt
47.7 %
2025 · −5.2 pt since 2020

GDP, current dollars

Billions of current dollars · dashed: estimates and projections

10 15 20 25 30 35 2015 2020 2025 2030 Madagascar 30.4 10 15 20 25 30 35 2015 2020 2025 2030

In its region

GDP in current dollars, 2020 → 2025

  1. 1 Uganda +75.3 %
  2. 2 Seychelles +68.3 %
  3. 3 Rwanda +56.1 %
  4. 4 Somalia +52.0 %
  5. 5 Madagascar +49.2 %
  6. 6 Djibouti +42.8 %
  7. 7 Tanzania +41.4 %
  8. 8 Mauritius +40.9 %
  9. 9 Kenya +34.7 %
  10. 10 Comoros +32.0 %

All indicators

Value in 2025 and change since 2020

All indicators
Indicator 20202025Change
Real GDP growth −7.1 % +3.1 % +10.2 pt
GDP, current dollars 13.1 bn$ 19.5 bn$ +49.2 %
GDP per capita 477 $ 619 $ +29.7 %
GDP per capita, PPP 1,578 $ 2,035 $ +28.9 %
Inflation 4.2 % 8.0 % +3.8 pt
Public debt 52.9 % 47.7 % −5.2 pt
Population 27.3 M 31.4 M +15.0 %
Fiscal balance −4.0 % −2.1 % +1.9 pt
Current account −5.4 % −6.0 % −0.6 pt
Unemployment n/a n/a n/a

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