Net financial flows, IMF nonconcessional (NFL, current US$) in Madagascar
Madagascar: Net financial flows, IMF nonconcessional (NFL, current US$) was 120.79 million NFL, current US$ in 2025. ◆ Volatile
Latest (2025)
120.79 million NFL, current US$
Change on year
up 1,418.6%
World rank
16th
of 113 countries
All-time high
375.74 million NFL, current US$
in 2020
All-time low
-35.80 million NFL, current US$
in 1988
Years of data
56
1970–2025
Net financial flows, IMF nonconcessional in Madagascar, 1970–2025
Source: International Debt Statistics, World Bank (WB). Measured in NFL, current US$.
Analysis
In 2025, net financial flows, imf nonconcessional in Madagascar stood at 120.79 million NFL, current US$.
Compared with earlier readings it is up 1,418.6% on the previous year and up 359.0% over ten years.
Over the whole period, net financial flows, imf nonconcessional in Madagascar peaked at 375.74 million NFL, current US$ in 2020 and was at its lowest, -35.80 million NFL, current US$, in 1988.
That places Madagascar 16th out of 113 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net financial flows, IMF nonconcessional (NFL, current US$) in Madagascar, year by year
| Year | NFL, current US$ | Change |
|---|---|---|
| 1970 | 0 NFL, current US$ | — |
| 1971 | 0 NFL, current US$ | — |
| 1972 | 0 NFL, current US$ | — |
| 1973 | 0 NFL, current US$ | — |
| 1974 | 10.20 million NFL, current US$ | — |
| 1975 | 13.18 million NFL, current US$ | +29.2% |
| 1976 | 0 NFL, current US$ | -100.0% |
| 1977 | 1.60 million NFL, current US$ | — |
| 1978 | 10.19 million NFL, current US$ | +537.0% |
| 1979 | -4.82 million NFL, current US$ | -147.3% |
| 1980 | 67.92 million NFL, current US$ | -1509.3% |
| 1981 | 37.32 million NFL, current US$ | -45.1% |
| 1982 | 51.90 million NFL, current US$ | +39.1% |
| 1983 | 7.00 million NFL, current US$ | -86.5% |
| 1984 | 15.91 million NFL, current US$ | +127.2% |
| 1985 | -6.76 million NFL, current US$ | -142.5% |
| 1986 | -1.79 million NFL, current US$ | -73.5% |
| 1987 | 2.51 million NFL, current US$ | -239.9% |
| 1988 | -35.80 million NFL, current US$ | -1526.7% |
| 1989 | -19.99 million NFL, current US$ | -44.2% |
| 1990 | -33.70 million NFL, current US$ | +68.6% |
| 1991 | -16.85 million NFL, current US$ | -50.0% |
| 1992 | -16.25 million NFL, current US$ | -3.6% |
| 1993 | -14.10 million NFL, current US$ | -13.2% |
| 1994 | -12.12 million NFL, current US$ | -14.0% |
| 1995 | -14.70 million NFL, current US$ | +21.3% |
| 1996 | 2.80 million NFL, current US$ | -119.1% |
| 1997 | 895,835 NFL, current US$ | -68.1% |
| 1998 | -13.91 million NFL, current US$ | -1652.9% |
| 1999 | 6.27 million NFL, current US$ | -145.1% |
| 2000 | 45.05 million NFL, current US$ | +618.1% |
| 2001 | 28.12 million NFL, current US$ | -37.6% |
| 2002 | 13.06 million NFL, current US$ | -53.6% |
| 2003 | 12.34 million NFL, current US$ | -5.5% |
| 2004 | 45.45 million NFL, current US$ | +268.4% |
| 2005 | 6.49 million NFL, current US$ | -85.7% |
| 2006 | 11.56 million NFL, current US$ | +78.2% |
| 2007 | 12.03 million NFL, current US$ | +4.0% |
| 2008 | 58.99 million NFL, current US$ | +390.5% |
| 2009 | 0 NFL, current US$ | -100.0% |
| 2010 | -1.73 million NFL, current US$ | — |
| 2011 | -3.58 million NFL, current US$ | +106.7% |
| 2012 | -7.09 million NFL, current US$ | +98.0% |
| 2013 | -10.61 million NFL, current US$ | +49.8% |
| 2014 | 26.86 million NFL, current US$ | -353.1% |
| 2015 | 26.32 million NFL, current US$ | -2.0% |
| 2016 | 28.94 million NFL, current US$ | +10.0% |
| 2017 | 118.09 million NFL, current US$ | +308.0% |
| 2018 | 36.16 million NFL, current US$ | -69.4% |
| 2019 | 82.63 million NFL, current US$ | +128.5% |
| 2020 | 375.74 million NFL, current US$ | +354.7% |
| 2021 | 47.75 million NFL, current US$ | -87.3% |
| 2022 | 77.56 million NFL, current US$ | +62.4% |
| 2023 | 15.60 million NFL, current US$ | -79.9% |
| 2024 | -9.16 million NFL, current US$ | -158.7% |
| 2025 | 120.79 million NFL, current US$ | -1418.6% |
Madagascar compared with similar countries
- Madagascar's 120.79 million NFL, current US$ is above the median for Sub-Saharan Africa, which is 10.70 million NFL, current US$, 11.3× the median. (42 countries reporting)
Biggest year-on-year movements
Years where Net financial flows, IMF nonconcessional (NFL, current US$) 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 |
|---|---|---|---|
| 1998 | -1652.9% | 895,835 NFL, current US$ | -13.91 million NFL, current US$ |
| 1988 | -1526.7% | 2.51 million NFL, current US$ | -35.80 million NFL, current US$ |
| 1980 | +1509.3% | -4.82 million NFL, current US$ | 67.92 million NFL, current US$ |
| 2025 | +1418.6% | -9.16 million NFL, current US$ | 120.79 million NFL, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.03 million NFL, current US$ | -4.82 million NFL, current US$ | 13.18 million NFL, current US$ | 10 |
| 1980s | 11.82 million NFL, current US$ | -35.80 million NFL, current US$ | 67.92 million NFL, current US$ | 10 |
| 1990s | -11.16 million NFL, current US$ | -33.70 million NFL, current US$ | 6.27 million NFL, current US$ | 10 |
| 2000s | 23.31 million NFL, current US$ | 0 NFL, current US$ | 58.99 million NFL, current US$ | 10 |
| 2010s | 29.60 million NFL, current US$ | -10.61 million NFL, current US$ | 118.09 million NFL, current US$ | 10 |
| 2020s | 104.71 million NFL, current US$ | -9.16 million NFL, current US$ | 375.74 million NFL, current US$ | 6 |
Countries ranked near Madagascar
- 13 Jordan 159.78 million NFL, current US$ compare
- 14 El Salvador 135.68 million NFL, current US$ compare
- 15 Cameroon 135.05 million NFL, current US$ compare
- 17 Kosovo (UNSCR 1244) 104.66 million NFL, current US$ compare
- 18 Suriname 63.17 million NFL, current US$ compare
- 19 Niger 57.73 million NFL, 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 net financial flows, imf nonconcessional in Madagascar?
- Net financial flows, imf nonconcessional in Madagascar was 120.79 million NFL, current US$ in 2025, according to International Debt Statistics, World Bank (WB).
- What is the highest net financial flows, imf nonconcessional recorded in Madagascar?
- The highest recorded value was 375.74 million NFL, current US$ in 2020.
- What is the lowest net financial flows, imf nonconcessional recorded in Madagascar?
- The lowest recorded value was -35.80 million NFL, current US$ in 1988.
- How does Madagascar rank for net financial flows, imf nonconcessional?
- Madagascar ranks 16th out of 113 countries with data for 2025.
- Is net financial flows, imf nonconcessional rising or falling in Madagascar?
- Over the last ten years it is up 359.0%. 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 Net financial flows, IMF nonconcessional (NFL, current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Net financial flows received by the borrower during the year are disbursements of loans and credits less repayments of principal. IMF is the International Monetary Fund, which provides nonconcessional lending through the credit it provides to its members, mainly to meet balance of payments needs. Data are in current U.S. dollars.