Inflation, GDP deflator: linked series in Madagascar

Madagascar: Inflation, GDP deflator: linked series was 8.4% in 2025. ◆ Volatile

Latest (2025)
8.4%
Change on year
up 12.7%
World rank
33rd
of 213 countries
All-time high
49.0%
in 1995
All-time low
-1.7%
in 2003
Years of data
36
1990–2025

Inflation, GDP deflator: linked series in Madagascar, 1990–2025

020401990200720251990: 11.9 annual %1991: 8.5 annual %1992: 14.6 annual %1993: 10 annual %1994: 39 annual %1995: 49 annual %1996: 19.8 annual %1997: 4.5 annual %1998: 6.2 annual %1999: 7.2 annual %2000: 11.6 annual %2001: 7.9 annual %2002: 16.5 annual %2003: -1.7 annual %2004: 14 annual %2005: 18.4 annual %2006: 10.8 annual %2007: 10.3 annual %2008: 7.5 annual %2009: 6.9 annual %2010: 10.2 annual %2011: 10.4 annual %2012: 5.5 annual %2013: 5.5 annual %2014: 6.7 annual %2015: 6.5 annual %2016: 9 annual %2017: 5 annual %2018: 8.3 annual %2019: 6.5 annual %2020: 4.3 annual %2021: 6.3 annual %2022: 9.8 annual %2023: 8.4 annual %2024: 7.4 annual %2025: 8.4 annual %

Source: Staff estimates, World Bank (WB). Measured in annual %.

Analysis

In 2025, inflation, gdp deflator: linked series in Madagascar stood at 8.4%.

That represents a change of up 12.7% on the previous year and up 28.8% over ten years.

Over the whole period, inflation, gdp deflator: linked series in Madagascar peaked at 49.0% in 1995 and was at its lowest, -1.7%, in 2003.

That places Madagascar 33rd out of 213 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.

Averages by decade

DecadeAverage LowestHighest Years
1990s 17.1% 4.5% 49.0% 10
2000s 10.2% -1.7% 18.4% 10
2010s 7.4% 5.0% 10.4% 10
2020s 7.4% 4.3% 9.8% 6

Countries ranked near Madagascar

  1. 30 Belarus 10.9% compare
  2. 31 Kazakhstan 9.6% compare
  3. 32 Burkina Faso 8.8% compare
  4. 34 Romania 8.2% compare
  5. 35 Honduras 8.0% compare
  6. 36 Gambia 7.9% compare

See the full ranking of 213 places →

More financial sector data for Madagascar

All data for Madagascar →

Frequently asked questions

What is inflation, gdp deflator: linked series in Madagascar?
Inflation, gdp deflator: linked series in Madagascar was 8.4% in 2025, according to Staff estimates, World Bank (WB).
What is the highest inflation, gdp deflator: linked series recorded in Madagascar?
The highest recorded value was 49.0% in 1995.
What is the lowest inflation, gdp deflator: linked series recorded in Madagascar?
The lowest recorded value was -1.7% in 2003.
How does Madagascar rank for inflation, gdp deflator: linked series?
Madagascar ranks 33rd out of 213 countries with data for 2025.
Is inflation, gdp deflator: linked series rising or falling in Madagascar?
Over the last ten years it is up 28.8%. The long-run trend across the full record is volatile.
Where does this Madagascar data come from?
The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.

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About this data

Indicator
Inflation, GDP deflator: linked series (annual %)
Unit
annual %
Source
Staff estimates, World Bank (WB)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
213 places, 7,277 data points, 1990–2025
Last refreshed

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.