PPG, official creditors in Madagascar

Madagascar: PPG, official creditors was 423.25 million NFL, US$ in 2024. ◆ Volatile

Latest (2024)
423.25 million NFL, US$
Change on year
down 12.4%
World rank
39th
of 123 countries
All-time high
482.98 million NFL, US$
in 2023
All-time low
-83.33 million NFL, US$
in 1977
Years of data
55
1970–2024

PPG, official creditors in Madagascar, 1970–2024

0200.0M400.0M197019972024

Source: International Debt Statistics, World Bank (WB). Measured in NFL, US$.

Analysis

In 2024, ppg, official creditors in Madagascar stood at 423.25 million NFL, US$.

The figure is down 12.4% on the previous year and up 126.9% over ten years.

Over the whole period, ppg, official creditors in Madagascar peaked at 482.98 million NFL, US$ in 2023 and was at its lowest, -83.33 million NFL, US$, in 1977.

That places Madagascar 39th out of 123 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.

PPG, official creditors in Madagascar, year by year

Annual values for PPG, official creditors (NFL, US$) in Madagascar, 1970 to 2024.
Year NFL, US$ Change
1970 9.54 million NFL, US$
1971 -1.01 million NFL, US$ -110.6%
1972 14.02 million NFL, US$ -1491.6%
1973 -10.59 million NFL, US$ -175.6%
1974 239.52 million NFL, US$ -2361.2%
1975 111.53 million NFL, US$ -53.4%
1976 25.79 million NFL, US$ -76.9%
1977 -83.33 million NFL, US$ -423.1%
1978 23.22 million NFL, US$ -127.9%
1979 137.15 million NFL, US$ +490.7%
1980 192.81 million NFL, US$ +40.6%
1981 189.09 million NFL, US$ -1.9%
1982 198.78 million NFL, US$ +5.1%
1983 218.38 million NFL, US$ +9.9%
1984 160.15 million NFL, US$ -26.7%
1985 137.32 million NFL, US$ -14.3%
1986 157.03 million NFL, US$ +14.4%
1987 273.17 million NFL, US$ +74.0%
1988 165.82 million NFL, US$ -39.3%
1989 129.49 million NFL, US$ -21.9%
1990 158.96 million NFL, US$ +22.8%
1991 160.92 million NFL, US$ +1.2%
1992 84.82 million NFL, US$ -47.3%
1993 97.25 million NFL, US$ +14.7%
1994 56.06 million NFL, US$ -42.4%
1995 70.18 million NFL, US$ +25.2%
1996 98.02 million NFL, US$ +39.7%
1997 218.73 million NFL, US$ +123.1%
1998 45.05 million NFL, US$ -79.4%
1999 65.33 million NFL, US$ +45.0%
2000 76.66 million NFL, US$ +17.3%
2001 108.14 million NFL, US$ +41.1%
2002 156.79 million NFL, US$ +45.0%
2003 181.54 million NFL, US$ +15.8%
2004 429.31 million NFL, US$ +136.5%
2005 220.03 million NFL, US$ -48.7%
2006 246.69 million NFL, US$ +12.1%
2007 252.06 million NFL, US$ +2.2%
2008 326.92 million NFL, US$ +29.7%
2009 97.01 million NFL, US$ -70.3%
2010 160.13 million NFL, US$ +65.1%
2011 114.46 million NFL, US$ -28.5%
2012 97.25 million NFL, US$ -15.0%
2013 111.02 million NFL, US$ +14.2%
2014 186.54 million NFL, US$ +68.0%
2015 165.59 million NFL, US$ -11.2%
2016 64.66 million NFL, US$ -60.9%
2017 109.90 million NFL, US$ +70.0%
2018 182.93 million NFL, US$ +66.5%
2019 242.13 million NFL, US$ +32.4%
2020 274.91 million NFL, US$ +13.5%
2021 341.61 million NFL, US$ +24.3%
2022 401.34 million NFL, US$ +17.5%
2023 482.98 million NFL, US$ +20.3%
2024 423.25 million NFL, US$ -12.4%

Madagascar compared with similar countries

  • Madagascar's 423.25 million NFL, US$ is above the median for low income countries, which is 30.98 million NFL, US$, 13.7× the median. (23 countries reporting)
  • Madagascar's 423.25 million NFL, US$ is above the median for Sub-Saharan Africa, which is 203.60 million NFL, US$, 2.1× the median. (44 countries reporting)

Biggest year-on-year movements

Years where PPG, official creditors 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.

YearChange FromTo
1974 +2361.2% -10.59 million NFL, US$ 239.52 million NFL, US$
1972 +1491.6% -1.01 million NFL, US$ 14.02 million NFL, US$
1979 +490.7% 23.22 million NFL, US$ 137.15 million NFL, US$
1977 -423.1% 25.79 million NFL, US$ -83.33 million NFL, US$

Averages by decade

DecadeAverage LowestHighest Years
1970s 46.58 million NFL, US$ -83.33 million NFL, US$ 239.52 million NFL, US$ 10
1980s 182.21 million NFL, US$ 129.49 million NFL, US$ 273.17 million NFL, US$ 10
1990s 105.53 million NFL, US$ 45.05 million NFL, US$ 218.73 million NFL, US$ 10
2000s 209.51 million NFL, US$ 76.66 million NFL, US$ 429.31 million NFL, US$ 10
2010s 143.46 million NFL, US$ 64.66 million NFL, US$ 242.13 million NFL, US$ 10
2020s 384.82 million NFL, US$ 274.91 million NFL, US$ 482.98 million NFL, US$ 5

Countries ranked near Madagascar

  1. 36 Chad 453.23 million NFL, US$ compare
  2. 37 Burkina Faso 440.06 million NFL, US$ compare
  3. 38 Moldova 425.64 million NFL, US$ compare
  4. 40 Papua New Guinea 378.17 million NFL, US$ compare
  5. 41 Cameroon 368.35 million NFL, US$ compare
  6. 42 Honduras 318.65 million NFL, US$ compare

See the full ranking of 135 places →

More external debt data for Madagascar

All data for Madagascar →

Frequently asked questions

What is ppg, official creditors in Madagascar?
Ppg, official creditors in Madagascar was 423.25 million NFL, US$ in 2024, according to International Debt Statistics, World Bank (WB).
What is the highest ppg, official creditors recorded in Madagascar?
The highest recorded value was 482.98 million NFL, US$ in 2023.
What is the lowest ppg, official creditors recorded in Madagascar?
The lowest recorded value was -83.33 million NFL, US$ in 1977.
How does Madagascar rank for ppg, official creditors?
Madagascar ranks 39th out of 123 countries with data for 2024.
Is ppg, official creditors rising or falling in Madagascar?
Over the last ten years it is up 126.9%. 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 PPG, official creditors (NFL, US$). Statizoid updates them automatically from the source API.

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PPG, official creditors in Madagascar. Statizoid, drawing on International Debt Statistics, World Bank (WB). Retrieved 22 September 2026, from https://debt.statizoid.com/stat/ppg-official-creditors-nfl-us/madagascar/

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About this data

Indicator
PPG, official creditors (NFL, US$)
Unit
NFL, US$
Source
International Debt Statistics, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
135 places, 6,433 data points, 1970–2024
Last refreshed

Public and publicly guaranteed debt from official creditors includes loans from international organizations (multilateral loans) and loans from governments (bilateral loans). Loans from international organization include loans and credits from the World Bank, regional development banks, and other multilateral and intergovernmental agencies. Excluded are loans from funds administered by an international organization on behalf of a single donor government; these are classified as loans from governments. Government loans include loans from governments and their agencies (including central banks), loans from autonomous bodies, and direct loans from official export credit agencies. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.