External debt stocks, private nonguaranteed (PNG) (DOD, current US$) in Madagascar
Madagascar: External debt stocks, private nonguaranteed (PNG) (DOD, current US$) was 480.67 million DOD, current US$ in 2025. ◆ Volatile
External debt stocks, private nonguaranteed (PNG) in Madagascar, 2008–2025
Source: International Debt Statistics, World Bank (WB). Measured in DOD, current US$.
Analysis
The most recent figure for external debt stocks, private nonguaranteed (png) in Madagascar is 480.67 million DOD, current US$, measured in 2025.
The figure is down 1.8% on the previous year and up 3,675.6% over ten years.
Over the whole period, external debt stocks, private nonguaranteed (png) in Madagascar peaked at 506.67 million DOD, current US$ in 2022 and was at its lowest, 4.99 million DOD, current US$, in 2016.
Madagascar ranks 74th of 98 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
External debt stocks, private nonguaranteed (PNG) (DOD, current US$) in Madagascar, year by year
| Year | DOD, current US$ | Change |
|---|---|---|
| 2008 | 21.21 million DOD, current US$ | — |
| 2009 | 18.79 million DOD, current US$ | -11.4% |
| 2010 | 14.84 million DOD, current US$ | -21.0% |
| 2011 | 12.41 million DOD, current US$ | -16.4% |
| 2012 | 9.55 million DOD, current US$ | -23.0% |
| 2013 | 7.74 million DOD, current US$ | -18.9% |
| 2014 | 5.46 million DOD, current US$ | -29.5% |
| 2015 | 12.73 million DOD, current US$ | +133.3% |
| 2016 | 4.99 million DOD, current US$ | -60.8% |
| 2017 | 29.69 million DOD, current US$ | +494.8% |
| 2018 | 83.63 million DOD, current US$ | +181.7% |
| 2019 | 101.36 million DOD, current US$ | +21.2% |
| 2020 | 104.00 million DOD, current US$ | +2.6% |
| 2021 | 95.33 million DOD, current US$ | -8.3% |
| 2022 | 506.67 million DOD, current US$ | +431.5% |
| 2023 | 498.00 million DOD, current US$ | -1.7% |
| 2024 | 489.33 million DOD, current US$ | -1.7% |
| 2025 | 480.67 million DOD, current US$ | -1.8% |
Madagascar compared with similar countries
- Madagascar's 480.67 million DOD, current US$ is above the median for low income countries, which is 145.76 million DOD, current US$, 3.3× the median. (11 countries reporting)
- Madagascar's 480.67 million DOD, current US$ is below the median for Sub-Saharan Africa, which is 1.75 billion DOD, current US$, 27% of the median. (27 countries reporting)
Biggest year-on-year movements
Years where External debt stocks, private nonguaranteed (PNG) (DOD, current US$) 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 |
|---|---|---|---|
| 2017 | +494.8% | 4.99 million DOD, current US$ | 29.69 million DOD, current US$ |
| 2022 | +431.5% | 95.33 million DOD, current US$ | 506.67 million DOD, current US$ |
| 2018 | +181.7% | 29.69 million DOD, current US$ | 83.63 million DOD, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 20.00 million DOD, current US$ | 18.79 million DOD, current US$ | 21.21 million DOD, current US$ | 2 |
| 2010s | 28.24 million DOD, current US$ | 4.99 million DOD, current US$ | 101.36 million DOD, current US$ | 10 |
| 2020s | 362.33 million DOD, current US$ | 95.33 million DOD, current US$ | 506.67 million DOD, current US$ | 6 |
Countries ranked near Madagascar
- 71 Lesotho 716.35 million DOD, current US$ compare
- 72 Nepal 676.00 million DOD, current US$ compare
- 73 Fiji 622.90 million DOD, current US$ compare
- 75 Myanmar 431.24 million DOD, current US$ compare
- 76 Maldives 350.04 million DOD, current US$ compare
- 77 Cameroon 320.34 million DOD, current US$ compare
More external debt data for Madagascar
- Net financial flows, IBRD 0 NFL, current US$ (2000)
- 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)
- 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, IDA (NFL, current US$), per square kilometre 565.13 NFL, current US$ per square kilometre (2023)
- Use of IMF credit 1.48 billion DOD, current US$ (2025)
- External debt stocks, public and publicly guaranteed (PPG) 5.67 billion DOD, current US$ (2025)
- External debt stocks, long-term 6.15 billion DOD, current US$ (2025)
Frequently asked questions
- What is external debt stocks, private nonguaranteed (png) in Madagascar?
- External debt stocks, private nonguaranteed (png) in Madagascar was 480.67 million DOD, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest external debt stocks, private nonguaranteed (png) recorded in Madagascar?
- The highest recorded value was 506.67 million DOD, current US$ in 2022.
- What is the lowest external debt stocks, private nonguaranteed (png) recorded in Madagascar?
- The lowest recorded value was 4.99 million DOD, current US$ in 2016.
- How does Madagascar rank for external debt stocks, private nonguaranteed (png)?
- Madagascar ranks 74th out of 98 countries with data for 2025.
- Is external debt stocks, private nonguaranteed (png) rising or falling in Madagascar?
- Over the last ten years it is up 3,675.6%. 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 External debt stocks, private nonguaranteed (PNG) (DOD, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 18 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Private nonguaranteed external debt comprises long-term external obligations of private debtors that are not guaranteed for repayment by a public entity. Data are in current U.S. dollars.