Short-term debt (% of total external debt) in Madagascar
Madagascar: Short-term debt (% of total external debt) was 1.5% in 2024. ◆ Volatile
Short-term debt in Madagascar, 1970–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of total external debt.
Analysis
The most recent figure for short-term debt in Madagascar is 1.5%, measured in 2024.
Compared with earlier readings it is down 23.6% on the previous year and down 84.2% over ten years.
Over the whole period, short-term debt in Madagascar peaked at 34.3% in 2007 and was at its lowest, 0.0%, in 1970.
That places Madagascar 103rd out of 122 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Short-term debt (% of total external debt) in Madagascar, year by year
| Year | % of total external debt | Change |
|---|---|---|
| 1970 | 0.0% | — |
| 1971 | 0.0% | — |
| 1972 | 0.0% | — |
| 1973 | 0.0% | — |
| 1974 | 0.0% | — |
| 1975 | 0.0% | -1.4% |
| 1976 | 0.1% | +300.7% |
| 1977 | 5.9% | +10197.9% |
| 1978 | 12.7% | +115.0% |
| 1979 | 21.1% | +66.5% |
| 1980 | 19.5% | -7.6% |
| 1981 | 5.7% | -70.7% |
| 1982 | 5.3% | -7.1% |
| 1983 | 8.8% | +65.4% |
| 1984 | 5.3% | -39.4% |
| 1985 | 4.7% | -12.0% |
| 1986 | 5.5% | +17.8% |
| 1987 | 3.9% | -30.0% |
| 1988 | 4.3% | +12.3% |
| 1989 | 3.6% | -16.9% |
| 1990 | 6.0% | +67.1% |
| 1991 | 6.7% | +11.6% |
| 1992 | 8.6% | +28.0% |
| 1993 | 10.4% | +21.2% |
| 1994 | 11.6% | +11.1% |
| 1995 | 12.6% | +8.6% |
| 1996 | 12.6% | -0.1% |
| 1997 | 4.0% | -68.1% |
| 1998 | 5.2% | +30.6% |
| 1999 | 6.8% | +29.5% |
| 2000 | 6.4% | -5.7% |
| 2001 | 5.7% | -10.4% |
| 2002 | 5.1% | -10.9% |
| 2003 | 3.1% | -38.3% |
| 2004 | 2.0% | -36.9% |
| 2005 | 2.8% | +41.5% |
| 2006 | 14.4% | +415.3% |
| 2007 | 34.3% | +137.2% |
| 2008 | 24.2% | -29.4% |
| 2009 | 22.8% | -5.8% |
| 2010 | 15.4% | -32.4% |
| 2011 | 15.0% | -2.6% |
| 2012 | 15.6% | +4.2% |
| 2013 | 11.7% | -25.0% |
| 2014 | 9.6% | -17.8% |
| 2015 | 6.8% | -29.7% |
| 2016 | 6.9% | +1.3% |
| 2017 | 5.2% | -23.8% |
| 2018 | 7.3% | +39.1% |
| 2019 | 7.0% | -4.4% |
| 2020 | 5.6% | -18.9% |
| 2021 | 4.3% | -23.7% |
| 2022 | 3.0% | -29.7% |
| 2023 | 2.0% | -34.0% |
| 2024 | 1.5% | -23.6% |
Madagascar compared with similar countries
- Madagascar's 1.5% is below the median for low income countries, which is 2.5%, 60% of the median. (23 countries reporting)
- Madagascar's 1.5% is below the median for Sub-Saharan Africa, which is 5.2%, 29% of the median. (44 countries reporting)
Biggest year-on-year movements
Years where Short-term debt (% of total external debt) 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 | +10197.9% | 0.1% | 5.9% |
| 2006 | +415.3% | 2.8% | 14.4% |
| 1976 | +300.7% | 0.0% | 0.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.0% | 0.0% | 21.1% | 10 |
| 1980s | 6.7% | 3.6% | 19.5% | 10 |
| 1990s | 8.4% | 4.0% | 12.6% | 10 |
| 2000s | 12.1% | 2.0% | 34.3% | 10 |
| 2010s | 10.1% | 5.2% | 15.6% | 10 |
| 2020s | 3.3% | 1.5% | 5.6% | 5 |
Countries ranked near Madagascar
- 100 Azerbaijan 1.8% compare
- 101 Mozambique 1.7% compare
- 102 Guyana 1.7% compare
- 104 Ecuador 1.0% compare
- 105 Ethiopia 1.0% compare
- 106 Papua New Guinea 0.9% compare
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 short-term debt in Madagascar?
- Short-term debt in Madagascar was 1.5% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest short-term debt recorded in Madagascar?
- The highest recorded value was 34.3% in 2007.
- What is the lowest short-term debt recorded in Madagascar?
- The lowest recorded value was 0.0% in 1970.
- How does Madagascar rank for short-term debt?
- Madagascar ranks 103rd out of 122 countries with data for 2024.
- Is short-term debt rising or falling in Madagascar?
- Over the last ten years it is down 84.2%. 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 Short-term debt (% of total external debt). Statizoid updates them automatically from the source API.
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About this data
Short-term debt includes all debt having an original maturity of one year or less and interest in arrears on long-term debt. Total external debt is debt owed to nonresidents repayable in currency, goods, or services. Total external debt is the sum of public, publicly guaranteed, and private nonguaranteed long-term debt, use of IMF credit, and short-term debt.