Exports of goods and services in Madagascar
Madagascar: Exports of goods and services was 4.11 billion BoP, current US$ in 2024. ◆ Volatile
Exports of goods and services in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, exports of goods and services in Madagascar stood at 4.11 billion BoP, current US$.
That represents a change of down 5.5% on the previous year and up 15.4% over ten years.
Over the whole period, exports of goods and services in Madagascar peaked at 4.69 billion BoP, current US$ in 2022 and was at its lowest, 280.35 million BoP, current US$, in 1974.
Madagascar ranks 141st of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 384.14 million BoP, current US$ | 280.35 million BoP, current US$ | 487.68 million BoP, current US$ | 6 |
| 1980s | 405.83 million BoP, current US$ | 349.88 million BoP, current US$ | 515.91 million BoP, current US$ | 10 |
| 1990s | 620.37 million BoP, current US$ | 470.51 million BoP, current US$ | 780.79 million BoP, current US$ | 10 |
| 2000s | 1.45 billion BoP, current US$ | 811.50 million BoP, current US$ | 2.66 billion BoP, current US$ | 10 |
| 2010s | 3.36 billion BoP, current US$ | 2.16 billion BoP, current US$ | 4.41 billion BoP, current US$ | 10 |
| 2020s | 3.82 billion BoP, current US$ | 2.59 billion BoP, current US$ | 4.69 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 138 Benin 4.51 billion BoP, current US$ compare
- 139 South Sudan 4.50 billion BoP, current US$ compare
- 140 Rwanda 4.28 billion BoP, current US$ compare
- 142 Mauritania 4.05 billion BoP, current US$ compare
- 143 San Marino 3.77 billion BoP, current US$ compare
- 144 Montenegro 3.74 billion BoP, current US$ compare
More economy & growth data for Madagascar
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Final consumption expenditure 87.4% (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
- Households and NPISHs final consumption expenditure 72.8% (2025)
- Final consumption expenditure 17.15 billion current US$ (2025)
- Final consumption expenditure 77.70 trillion current LCU (2025)
- Final consumption expenditure 12.67 billion constant 2015 US$ (2025)
- Final consumption expenditure 2.1% (2025)
- Agriculture, forestry, and fishing, value added 5.62 trillion constant LCU (2025)
- Agriculture, forestry, and fishing, value added 3.51 billion constant 2015 US$ (2025)
Frequently asked questions
- What is exports of goods and services in Madagascar?
- Exports of goods and services in Madagascar was 4.11 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest exports of goods and services recorded in Madagascar?
- The highest recorded value was 4.69 billion BoP, current US$ in 2022.
- What is the lowest exports of goods and services recorded in Madagascar?
- The lowest recorded value was 280.35 million BoP, current US$ in 1974.
- How does Madagascar rank for exports of goods and services?
- Madagascar ranks 141st out of 199 countries with data for 2024.
- Is exports of goods and services rising or falling in Madagascar?
- Over the last ten years it is up 15.4%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Exports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.