Madagascar: GDP, current U.S. dollars

The latest value from 2024 is 17.42 billion U.S. dollars, an increase from 15.87 billion U.S. dollars in 2023. In comparison, the world average is 612.35 billion U.S. dollars, based on data from 176 countries. Historically, the average for Madagascar from 1960 to 2024 is 5.79 billion U.S. dollars. The minimum value, 0.67 billion U.S. dollars, was reached in 1960 while the maximum of 17.42 billion U.S. dollars was recorded in 2024. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

Definition: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. 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.