Net trade in goods and services in Madagascar
Madagascar: Net trade in goods and services was -1.32 billion BoP, current US$ in 2024. ◆ Volatile
Net trade in 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$.
Analysis
The most recent figure for net trade in goods and services in Madagascar is -1.32 billion BoP, current US$, measured in 2024.
That represents a change of down 38.3% on the previous year and down 189.5% over ten years.
Over the whole period, net trade in goods and services in Madagascar peaked at -62.68 million BoP, current US$ in 1977 and was at its lowest, -2.09 billion BoP, current US$, in 2008.
That places Madagascar 132nd out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -144.06 million BoP, current US$ | -441.28 million BoP, current US$ | -62.68 million BoP, current US$ | 6 |
| 1980s | -216.82 million BoP, current US$ | -559.17 million BoP, current US$ | -95.89 million BoP, current US$ | 10 |
| 1990s | -259.44 million BoP, current US$ | -338.25 million BoP, current US$ | -195.53 million BoP, current US$ | 10 |
| 2000s | -894.81 million BoP, current US$ | -2.09 billion BoP, current US$ | -187.18 million BoP, current US$ | 10 |
| 2010s | -683.71 million BoP, current US$ | -1.26 billion BoP, current US$ | -175.42 million BoP, current US$ | 10 |
| 2020s | -1.24 billion BoP, current US$ | -1.41 billion BoP, current US$ | -955.78 million BoP, current US$ | 5 |
Countries ranked near Madagascar
- 129 Mali -1.29 billion BoP, current US$ compare
- 130 Sierra Leone -1.31 billion BoP, current US$ compare
- 131 Mauritania -1.32 billion BoP, current US$ compare
- 133 Bulgaria -1.37 billion BoP, current US$ compare
- 134 Algeria -1.41 billion BoP, current US$ compare
- 135 New Caledonia -1.50 billion 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 trade in goods and services in Madagascar?
- Net trade in goods and services in Madagascar was -1.32 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 trade in goods and services recorded in Madagascar?
- The highest recorded value was -62.68 million BoP, current US$ in 1977.
- What is the lowest net trade in goods and services recorded in Madagascar?
- The lowest recorded value was -2.09 billion BoP, current US$ in 2008.
- How does Madagascar rank for net trade in goods and services?
- Madagascar ranks 132nd out of 199 countries with data for 2024.
- Is net trade in goods and services rising or falling in Madagascar?
- Over the last ten years it is down 189.5%. 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 trade in goods and services (BoP, current US$). 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 indicator is expressed in United States dollars.