Net secondary income in Madagascar
Madagascar: Net secondary income was 1.10 billion BoP, current US$ in 2024. ◆ Volatile
Net secondary income in Madagascar, 1974–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, net secondary income in Madagascar stood at 1.10 billion BoP, current US$. That is the highest value across all 51 years on record.
The figure is up 21.5% on the previous year and up 51.4% over ten years.
Over the whole period, net secondary income in Madagascar peaked at 1.10 billion BoP, current US$ in 2024 and was at its lowest, 42.40 million BoP, current US$, in 1979.
Madagascar ranks 65th of 199 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 52.02 million BoP, current US$ | 42.40 million BoP, current US$ | 61.11 million BoP, current US$ | 6 |
| 1980s | 112.73 million BoP, current US$ | 46.72 million BoP, current US$ | 201.35 million BoP, current US$ | 10 |
| 1990s | 154.31 million BoP, current US$ | 88.07 million BoP, current US$ | 234.17 million BoP, current US$ | 10 |
| 2000s | 276.60 million BoP, current US$ | 112.93 million BoP, current US$ | 516.40 million BoP, current US$ | 10 |
| 2010s | 676.96 million BoP, current US$ | 529.18 million BoP, current US$ | 972.04 million BoP, current US$ | 10 |
| 2020s | 965.76 million BoP, current US$ | 890.28 million BoP, current US$ | 1.10 billion BoP, current US$ | 5 |
Countries ranked near Madagascar
- 62 Bolivia 1.19 billion BoP, current US$ compare
- 63 Mozambique 1.15 billion BoP, current US$ compare
- 64 Guyana 1.15 billion BoP, current US$ compare
- 66 Belarus 1.08 billion BoP, current US$ compare
- 67 Latvia 1.02 billion BoP, current US$ compare
- 68 Democratic Republic of Congo 975.88 million BoP, current US$ compare
More economy & growth data for Madagascar
- DEC alternative conversion factor 4,530 LCU per US$ (2025)
- Agriculture, forestry, and fishing, value added 5.62 trillion constant 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)
- Taxes less subsidies on products 6.72 trillion current LCU (2025)
- Final consumption expenditure 87.4% (2025)
- Gross national expenditure 111.6% (2025)
Frequently asked questions
- What is net secondary income in Madagascar?
- Net secondary income in Madagascar was 1.10 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net secondary income recorded in Madagascar?
- The highest recorded value was 1.10 billion BoP, current US$ in 2024.
- What is the lowest net secondary income recorded in Madagascar?
- The lowest recorded value was 42.40 million BoP, current US$ in 1979.
- How does Madagascar rank for net secondary income?
- Madagascar ranks 65th out of 199 countries with data for 2024.
- Is net secondary income rising or falling in Madagascar?
- Over the last ten years it is up 51.4%. 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 Net secondary income (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Net secondary income (from abroad) comprises transfers of income between residents of the reporting country and the rest of the world that carry no provisions for repayment. Net secondary income is equal to the unrequited transfers of income from nonresidents to residents minus the unrequited transfers from residents to nonresidents. 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.