Exports of goods and services, Percent of GDP (Balance of Payments) in Madagascar
Madagascar: Exports of goods and services, Percent of GDP (Balance of Payments) was 21.69 in 2027. ▲ Rising
Exports of goods and services, Percent of GDP (Balance of Payments) in Madagascar, 2000–2027
Source: International Monetary Fund.
Analysis
Madagascar recorded 21.69 for exports of goods and services, percent of gdp (balance of payments) in 2027.
That represents a change of up 2.3% on the previous year and down 29.8% over ten years.
Over the whole period, exports of goods and services, percent of gdp (balance of payments) in Madagascar peaked at 31.67 in 2018 and was at its lowest, 12.73, in 2003.
Madagascar ranks 31st of 45 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 28 years of available data.
Exports of goods and services, Percent of GDP (Balance of Payments) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 17.78 | — |
| 2001 | 18.66 | +5.0% |
| 2002 | 20.29 | +8.7% |
| 2003 | 12.73 | -37.2% |
| 2004 | 18.09 | +42.1% |
| 2005 | 22.61 | +25.0% |
| 2006 | 25.56 | +13.0% |
| 2007 | 26.43 | +3.4% |
| 2008 | 24.81 | -6.1% |
| 2009 | 20.45 | -17.6% |
| 2010 | 21.59 | +5.6% |
| 2011 | 23.12 | +7.1% |
| 2012 | 24.62 | +6.5% |
| 2013 | 25.32 | +2.8% |
| 2014 | 27.94 | +10.3% |
| 2015 | 27.6 | -1.2% |
| 2016 | 28.27 | +2.4% |
| 2017 | 30.91 | +9.3% |
| 2018 | 31.67 | +2.4% |
| 2019 | 28.66 | -9.5% |
| 2020 | 19.69 | -31.3% |
| 2021 | 23.35 | +18.6% |
| 2022 | 30.3 | +29.8% |
| 2023 | 26.93 | -11.1% |
| 2024 | 23.22 | -13.8% |
| 2025 | 21.2 | -8.7% |
| 2026 | 21.2 | +0.0% |
| 2027 | 21.69 | +2.3% |
Madagascar compared with similar countries
- Madagascar's 21.69 is below the median for Sub-Saharan Africa, which is 30.37, 71% of the median. (45 countries reporting)
- Madagascar's 21.69 is below the median for low income countries, which is 29.81, 73% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.74 | 12.73 | 26.43 | 10 |
| 2010s | 26.97 | 21.59 | 31.67 | 10 |
| 2020s | 23.45 | 19.69 | 30.3 | 8 |
Countries ranked near Madagascar
More trade data for Madagascar
- Commodity Net Export Price Index, Individual Commodities Weighted by 135.07 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 102.59 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 100.49 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 113.89 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 97.95 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 66.81 (2025)
- Imports of low carbon technology products, Percent of GDP 0.7431 (2023)
- Imports of low carbon technology products, US dollar (World), per 3.78 units per person (2023)
- Imports of low carbon technology products, US dollar (World), per 0.0074 units per US$ of GDP (2023)
- Exports of low carbon technology products, US dollar (World), gaps 2.18 million (2023)
Frequently asked questions
- What is exports of goods and services, percent of gdp (balance of payments) in Madagascar?
- Exports of goods and services, percent of gdp (balance of payments) in Madagascar was 21.69 in 2027, according to International Monetary Fund.
- What is the highest exports of goods and services, percent of gdp (balance of payments) recorded in Madagascar?
- The highest recorded value was 31.67 in 2018.
- What is the lowest exports of goods and services, percent of gdp (balance of payments) recorded in Madagascar?
- The lowest recorded value was 12.73 in 2003.
- How does Madagascar rank for exports of goods and services, percent of gdp (balance of payments)?
- Madagascar ranks 31st out of 45 countries with data for 2027.
- Is exports of goods and services, percent of gdp (balance of payments) rising or falling in Madagascar?
- Over the last ten years it is down 29.8%. The long-run trend across the full record is rising.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Exports of goods and services, Percent of GDP (Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6)). Statizoid updates them automatically from the source API.
Download this data
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About this data
Sub-Saharan Africa Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in sub-Saharan Africa. Data for the REO for sub-Saharan Africa are prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall.