Migrant remittance outflows in Madagascar
Madagascar: Migrant remittance outflows was 21.21 million current US$ in 2005. ▼ Falling
Migrant remittance outflows in Madagascar, 1974–2005
Source: World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008. Measured in current US$.
Analysis
The most recent figure for migrant remittance outflows in Madagascar is 21.21 million current US$, measured in 2005.
Compared with earlier readings it is up 135.6% on the previous year and up 91.4% over ten years.
Over the whole period, migrant remittance outflows in Madagascar peaked at 37.33 million current US$ in 1975 and was at its lowest, 4.71 million current US$, in 2002.
That places Madagascar 30th out of 49 countries with data for 2005, putting it in the middle of the range.
The long-run direction has been consistently falling across the 32 years of available data.
Migrant remittance outflows in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 20.32 million current US$ | — |
| 1975 | 37.33 million current US$ | +83.7% |
| 1976 | 34.74 million current US$ | -6.9% |
| 1977 | 26.01 million current US$ | -25.1% |
| 1978 | 27.39 million current US$ | +5.3% |
| 1979 | 26.33 million current US$ | -3.9% |
| 1980 | 31.24 million current US$ | +18.7% |
| 1981 | 23.33 million current US$ | -25.3% |
| 1982 | 20.10 million current US$ | -13.8% |
| 1983 | 12.20 million current US$ | -39.3% |
| 1984 | 10.65 million current US$ | -12.7% |
| 1985 | 14.43 million current US$ | +35.5% |
| 1986 | 16.31 million current US$ | +13.0% |
| 1987 | 11.91 million current US$ | -27.0% |
| 1988 | 13.84 million current US$ | +16.3% |
| 1989 | 13.46 million current US$ | -2.8% |
| 1990 | 17.50 million current US$ | +30.0% |
| 1991 | 9.99 million current US$ | -42.9% |
| 1992 | 9.44 million current US$ | -5.6% |
| 1993 | 6.70 million current US$ | -29.0% |
| 1994 | 8.45 million current US$ | +26.1% |
| 1995 | 11.08 million current US$ | +31.1% |
| 1996 | 13.21 million current US$ | +19.3% |
| 1997 | 15.13 million current US$ | +14.5% |
| 1998 | 13.00 million current US$ | -14.0% |
| 1999 | 11.21 million current US$ | -13.7% |
| 2000 | 11.90 million current US$ | +6.2% |
| 2001 | 11.42 million current US$ | -4.1% |
| 2002 | 4.71 million current US$ | -58.7% |
| 2003 | 17.92 million current US$ | +280.2% |
| 2004 | 9.00 million current US$ | -49.8% |
| 2005 | 21.21 million current US$ | +135.6% |
Madagascar compared with similar countries
- Madagascar's 21.21 million current US$ is above the median for low income countries, which is 21.21 million current US$, 1.0× the median. (17 countries reporting)
- Madagascar's 21.21 million current US$ is below the median for Sub-Saharan Africa, which is 30.76 million current US$, 69% of the median. (43 countries reporting)
Biggest year-on-year movements
Years where Migrant remittance outflows in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +280.2% | 4.71 million current US$ | 17.92 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.68 million current US$ | 20.32 million current US$ | 37.33 million current US$ | 6 |
| 1980s | 16.75 million current US$ | 10.65 million current US$ | 31.24 million current US$ | 10 |
| 1990s | 11.57 million current US$ | 6.70 million current US$ | 17.50 million current US$ | 10 |
| 2000s | 12.69 million current US$ | 4.71 million current US$ | 21.21 million current US$ | 6 |
Countries ranked near Madagascar
- 27 Central African Republic 27.38 million current US$ compare
- 28 Kenya 25.86 million current US$ compare
- 29 Niger 25.20 million current US$ compare
- 31 Sierra Leone 20.61 million current US$ compare
- 32 Seychelles 20.49 million current US$ compare
- 33 Guinea-Bissau 19.65 million current US$ 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 migrant remittance outflows in Madagascar?
- Migrant remittance outflows in Madagascar was 21.21 million current US$ in 2005, according to World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008.
- What is the highest migrant remittance outflows recorded in Madagascar?
- The highest recorded value was 37.33 million current US$ in 1975.
- What is the lowest migrant remittance outflows recorded in Madagascar?
- The lowest recorded value was 4.71 million current US$ in 2002.
- How does Madagascar rank for migrant remittance outflows?
- Madagascar ranks 30th out of 49 countries with data for 2005.
- Is migrant remittance outflows rising or falling in Madagascar?
- Over the last ten years it is up 91.4%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from World Bank staff estimates based on the International Monetary Fund's Balance of Payments Statistics Yearbook 2008, published as part of Migrant remittance outflows (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 32 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Migrants’ remittances are defined as the sum of worker’s remittances,