Imports of goods and services, Percent of GDP (Balance of Payments) in Madagascar
Madagascar: Imports of goods and services, Percent of GDP (Balance of Payments) was 31.88 in 2027. ▲ Rising
Imports of goods and services, Percent of GDP (Balance of Payments) in Madagascar, 2000–2027
Source: International Monetary Fund.
Analysis
The most recent figure for imports of goods and services, percent of gdp (balance of payments) in Madagascar is 31.88, measured in 2027.
That represents a change of down 2.5% on the previous year and down 6.9% over ten years.
Over the whole period, imports of goods and services, percent of gdp (balance of payments) in Madagascar peaked at 44.33 in 2008 and was at its lowest, 21.44, in 2003.
Madagascar ranks 22nd 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.
Imports of goods and services, Percent of GDP (Balance of Payments) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 24.94 | — |
| 2001 | 22.11 | -11.4% |
| 2002 | 29.91 | +35.3% |
| 2003 | 21.44 | -28.3% |
| 2004 | 30.91 | +44.2% |
| 2005 | 36.7 | +18.7% |
| 2006 | 36.5 | -0.6% |
| 2007 | 39.9 | +9.3% |
| 2008 | 44.33 | +11.1% |
| 2009 | 40.65 | -8.3% |
| 2010 | 34.18 | -15.9% |
| 2011 | 33.06 | -3.3% |
| 2012 | 33.89 | +2.5% |
| 2013 | 33.45 | -1.3% |
| 2014 | 31.67 | -5.3% |
| 2015 | 30.58 | -3.4% |
| 2016 | 30.18 | -1.3% |
| 2017 | 34.24 | +13.4% |
| 2018 | 35.12 | +2.6% |
| 2019 | 33.39 | -4.9% |
| 2020 | 28.67 | -14.1% |
| 2021 | 33.39 | +16.4% |
| 2022 | 39.45 | +18.2% |
| 2023 | 34.45 | -12.7% |
| 2024 | 32.03 | -7.0% |
| 2025 | 30.83 | -3.7% |
| 2026 | 32.7 | +6.0% |
| 2027 | 31.88 | -2.5% |
Madagascar compared with similar countries
- Madagascar's 31.88 is above the median for Sub-Saharan Africa, which is 31.7, 1.0× the median. (45 countries reporting)
- Madagascar's 31.88 is above the median for low income countries, which is 31.7, 1.0× the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 32.74 | 21.44 | 44.33 | 10 |
| 2010s | 32.98 | 30.18 | 35.12 | 10 |
| 2020s | 32.92 | 28.67 | 39.45 | 8 |
Countries ranked near Madagascar
- 19 Uganda 34.83 compare
- 20 Central African Republic 34.13 compare
- 21 Comoros 32.19 compare
- 23 Chad 31.7 compare
- 24 Burkina Faso 31.59 compare
- 25 South Africa 30.97 compare
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 imports of goods and services, percent of gdp (balance of payments) in Madagascar?
- Imports of goods and services, percent of gdp (balance of payments) in Madagascar was 31.88 in 2027, according to International Monetary Fund.
- What is the highest imports of goods and services, percent of gdp (balance of payments) recorded in Madagascar?
- The highest recorded value was 44.33 in 2008.
- What is the lowest imports of goods and services, percent of gdp (balance of payments) recorded in Madagascar?
- The lowest recorded value was 21.44 in 2003.
- How does Madagascar rank for imports of goods and services, percent of gdp (balance of payments)?
- Madagascar ranks 22nd out of 45 countries with data for 2027.
- Is imports of goods and services, percent of gdp (balance of payments) rising or falling in Madagascar?
- Over the last ten years it is down 6.9%. 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 Imports 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.
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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.