External balance on goods and services in Madagascar
Madagascar: External balance on goods and services was -10.29 trillion current LCU in 2025. ◆ Volatile
External balance on goods and services in Madagascar, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for external balance on goods and services in Madagascar is -10.29 trillion current LCU, measured in 2025. That is the lowest value across all 66 years on record.
Compared with earlier readings it is down 35.7% on the previous year and down 597.7% over ten years.
Over the whole period, external balance on goods and services in Madagascar peaked at -1.50 billion current LCU in 1970 and was at its lowest, -10.29 trillion current LCU, in 2025.
That places Madagascar 183rd out of 192 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | -2.35 billion current LCU | -2.79 billion current LCU | -1.69 billion current LCU | 10 |
| 1970s | -5.95 billion current LCU | -23.30 billion current LCU | -1.50 billion current LCU | 10 |
| 1980s | -14.70 billion current LCU | -29.87 billion current LCU | -7.95 billion current LCU | 10 |
| 1990s | -116.62 billion current LCU | -227.48 billion current LCU | -45.54 billion current LCU | 10 |
| 2000s | -1.38 trillion current LCU | -4.07 trillion current LCU | -64.11 billion current LCU | 10 |
| 2010s | -2.12 trillion current LCU | -2.95 trillion current LCU | -997.23 billion current LCU | 10 |
| 2020s | -6.62 trillion current LCU | -10.29 trillion current LCU | -4.31 trillion current LCU | 6 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 5.47 trillion current LCU (2025)
- Net secondary income (Net current transfers from abroad) 1.21 billion current US$ (2025)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
- Taxes less subsidies on products 1.48 billion current US$ (2025)
- Net primary income (Net income from abroad) -2.06 trillion current LCU (2025)
- Net primary income (Net income from abroad) -454.90 million current US$ (2025)
- GNI per capita 2.65 million current LCU (2025)
- GNI per capita, Atlas method 560 current US$ (2025)
- GNI 86.81 trillion current LCU (2025)
Frequently asked questions
- What is external balance on goods and services in Madagascar?
- External balance on goods and services in Madagascar was -10.29 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Madagascar?
- The highest recorded value was -1.50 billion current LCU in 1970.
- What is the lowest external balance on goods and services recorded in Madagascar?
- The lowest recorded value was -10.29 trillion current LCU in 2025.
- How does Madagascar rank for external balance on goods and services?
- Madagascar ranks 183rd out of 192 countries with data for 2025.
- Is external balance on goods and services rising or falling in Madagascar?
- Over the last ten years it is down 597.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current LCU). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.