Gross external debt, Percent of GDP (Balance of Payments and) in Madagascar
Madagascar: Gross external debt, Percent of GDP (Balance of Payments and) was 39.67 in 2027. ◆ Volatile
Gross external debt, Percent of GDP (Balance of Payments and) in Madagascar, 2000–2027
Source: International Monetary Fund.
Analysis
Madagascar recorded 39.67 for gross external debt, percent of gdp (balance of payments and) in 2027.
That represents a change of up 4.4% on the previous year and up 64.5% over ten years.
Over the whole period, gross external debt, percent of gdp (balance of payments and) in Madagascar peaked at 83.34 in 2000 and was at its lowest, 20.64, in 2011.
Madagascar ranks 10th of 45 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross external debt, Percent of GDP (Balance of Payments and) in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 83.34 | — |
| 2001 | 70.6 | -15.3% |
| 2002 | 79.57 | +12.7% |
| 2003 | 73.17 | -8.0% |
| 2004 | 71.19 | -2.7% |
| 2005 | 60.65 | -14.8% |
| 2006 | 25.29 | -58.3% |
| 2007 | 21.7 | -14.2% |
| 2008 | 22.61 | +4.2% |
| 2009 | 28.02 | +23.9% |
| 2010 | 25.05 | -10.6% |
| 2011 | 20.64 | -17.6% |
| 2012 | 21.57 | +4.5% |
| 2013 | 21.02 | -2.6% |
| 2014 | 21.25 | +1.1% |
| 2015 | 24.87 | +17.1% |
| 2016 | 24.01 | -3.4% |
| 2017 | 24.11 | +0.4% |
| 2018 | 25.78 | +6.9% |
| 2019 | 27.35 | +6.1% |
| 2020 | 36.04 | +31.8% |
| 2021 | 33.64 | -6.7% |
| 2022 | 33.08 | -1.6% |
| 2023 | 36.26 | +9.6% |
| 2024 | 35.08 | -3.3% |
| 2025 | 36 | +2.6% |
| 2026 | 38 | +5.6% |
| 2027 | 39.67 | +4.4% |
Madagascar compared with similar countries
- Madagascar's 39.67 is above the median for Sub-Saharan Africa, which is 26.53, 1.5× the median. (45 countries reporting)
- Madagascar's 39.67 is above the median for low income countries, which is 24.57, 1.6× the median. (19 countries reporting)
Biggest year-on-year movements
Years where Gross external debt, Percent of GDP (Balance of Payments 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 |
|---|---|---|---|
| 2006 | -58.3% | 60.65 | 25.29 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 53.62 | 21.7 | 83.34 | 10 |
| 2010s | 23.57 | 20.64 | 27.35 | 10 |
| 2020s | 35.97 | 33.08 | 39.67 | 8 |
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 gross external debt, percent of gdp (balance of payments and) in Madagascar?
- Gross external debt, percent of gdp (balance of payments and) in Madagascar was 39.67 in 2027, according to International Monetary Fund.
- What is the highest gross external debt, percent of gdp (balance of payments and) recorded in Madagascar?
- The highest recorded value was 83.34 in 2000.
- What is the lowest gross external debt, percent of gdp (balance of payments and) recorded in Madagascar?
- The lowest recorded value was 20.64 in 2011.
- How does Madagascar rank for gross external debt, percent of gdp (balance of payments and)?
- Madagascar ranks 10th out of 45 countries with data for 2027.
- Is gross external debt, percent of gdp (balance of payments and) rising or falling in Madagascar?
- Over the last ten years it is up 64.5%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from International Monetary Fund, published as part of Gross external debt, 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.