Debt service (PPG and IMF only, % of exports of goods, services and) in Madagascar
Madagascar: Debt service (PPG and IMF only, % of exports of goods, services and) was 6.5% in 2024. ◆ Volatile
Debt service (PPG and IMF only, % of exports of goods, services and) in Madagascar, 1974–2024
Source: International Debt Statistics, World Bank (WB).
Analysis
In 2024, debt service (ppg and imf only, % of exports of goods, services and) in Madagascar stood at 6.5%.
That represents a change of up 17.3% on the previous year and up 145.4% over ten years.
Over the whole period, debt service (ppg and imf only, % of exports of goods, services and) in Madagascar peaked at 56.0% in 1987 and was at its lowest, 0.9%, in 2007.
That places Madagascar 67th out of 118 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Debt service (PPG and IMF only, % of exports of goods, services and) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | 29.9% | — |
| 1975 | 16.6% | -44.5% |
| 1976 | 3.3% | -80.2% |
| 1977 | 37.8% | +1046.8% |
| 1978 | 4.8% | -87.3% |
| 1979 | 7.9% | +63.7% |
| 1980 | 13.9% | +76.3% |
| 1981 | 20.7% | +49.4% |
| 1982 | 25.7% | +24.1% |
| 1983 | 19.9% | -22.6% |
| 1984 | 28.0% | +40.8% |
| 1985 | 40.3% | +43.9% |
| 1986 | 50.8% | +26.2% |
| 1987 | 56.0% | +10.1% |
| 1988 | 52.2% | -6.7% |
| 1989 | 49.5% | -5.2% |
| 1990 | 44.4% | -10.4% |
| 1991 | 31.9% | -28.1% |
| 1992 | 18.4% | -42.4% |
| 1993 | 14.4% | -21.8% |
| 1994 | 9.6% | -33.5% |
| 1995 | 7.3% | -24.0% |
| 1996 | 10.0% | +38.2% |
| 1997 | 32.0% | +218.7% |
| 1998 | 17.7% | -44.7% |
| 1999 | 20.5% | +15.9% |
| 2000 | 12.9% | -37.3% |
| 2001 | 6.2% | -52.0% |
| 2002 | 5.4% | -12.2% |
| 2003 | 8.4% | +55.1% |
| 2004 | 8.9% | +5.7% |
| 2005 | 5.8% | -34.3% |
| 2006 | 3.5% | -39.6% |
| 2007 | 0.9% | -75.6% |
| 2008 | 1.0% | +11.5% |
| 2009 | 2.1% | +123.7% |
| 2010 | 2.5% | +18.0% |
| 2011 | 1.6% | -34.8% |
| 2012 | 2.3% | +39.0% |
| 2013 | 2.1% | -7.1% |
| 2014 | 2.6% | +24.1% |
| 2015 | 4.3% | +62.5% |
| 2016 | 3.2% | -24.4% |
| 2017 | 3.0% | -7.2% |
| 2018 | 2.5% | -18.6% |
| 2019 | 2.5% | +1.2% |
| 2020 | 4.3% | +72.9% |
| 2021 | 4.4% | +3.3% |
| 2022 | 3.4% | -22.5% |
| 2023 | 5.5% | +60.9% |
| 2024 | 6.5% | +17.3% |
Madagascar compared with similar countries
- Madagascar's 6.5% is below the median for low income countries, which is 7.3%, 89% of the median. (20 countries reporting)
- Madagascar's 6.5% is below the median for Sub-Saharan Africa, which is 8.0%, 81% of the median. (42 countries reporting)
Biggest year-on-year movements
Years where Debt service (PPG and IMF only, % of exports of goods, services and) 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 |
|---|---|---|---|
| 1977 | +1046.8% | 3.3% | 37.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16.7% | 3.3% | 37.8% | 6 |
| 1980s | 35.7% | 13.9% | 56.0% | 10 |
| 1990s | 20.6% | 7.3% | 44.4% | 10 |
| 2000s | 5.5% | 0.9% | 12.9% | 10 |
| 2010s | 2.7% | 1.6% | 4.3% | 10 |
| 2020s | 4.8% | 3.4% | 6.5% | 5 |
Countries ranked near Madagascar
More external debt data for Madagascar
- IFC, private nonguaranteed 36.33 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita 1.14 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP 0.0021 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 43.93 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 1.2% (2024)
- Net financial flows, IDA 334.13 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 10.45 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.019 NFL, current US$ per US$ of GDP (2024)
- Net financial flows, IBRD 0 NFL, current US$ (2000)
- Public and publicly guaranteed debt service 4.7% (2024)
Frequently asked questions
- What is debt service (ppg and imf only, % of exports of goods, services and) in Madagascar?
- Debt service (ppg and imf only, % of exports of goods, services and) in Madagascar was 6.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest debt service (ppg and imf only, % of exports of goods, services and) recorded in Madagascar?
- The highest recorded value was 56.0% in 1987.
- What is the lowest debt service (ppg and imf only, % of exports of goods, services and) recorded in Madagascar?
- The lowest recorded value was 0.9% in 2007.
- How does Madagascar rank for debt service (ppg and imf only, % of exports of goods, services and)?
- Madagascar ranks 67th out of 118 countries with data for 2024.
- Is debt service (ppg and imf only, % of exports of goods, services and) rising or falling in Madagascar?
- Over the last ten years it is up 145.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Debt service (PPG and IMF only, % of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Debt service, the sum of principal repayments and interest actually paid in currency, goods, or services, is expressed as a percentage of exports of goods and services--all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. This series differs from the standard debt to exports series in that it covers only long-term public and publicly guaranteed debt and repayments (repurchases and charges) to the IMF.