Madagascar: Savings, percent of GDP
* indicates monthly or quarterly data series
| Madagascar |
Savings as percent of GDP |
|---|---|
| Latest value | 16.44 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1974 - 2022 |
| Average | 16.13 |
| Min - Max | 1.15 - 40.08 |
| Source | The World Bank |
The latest value from 2022 is 16.44 percent, an increase from 12.48 percent in 2021. In comparison, the world average is 23.53 percent, based on data from 153 countries. Historically, the average for Madagascar from 1974 to 2022 is 16.13 percent. The minimum value, 1.15 percent, was reached in 1979 while the maximum of 40.08 percent was recorded in 1989.
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* indicates monthly or quarterly data series
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The savings in Madagascar and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.
Definition: Gross savings are calculated as gross national income less total consumption, plus net transfers.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Share of industry | 22.79 | 2024 | percent |
| Share of manufacturing | 12.65 | 2024 | percent |
| Share of services | 47.72 | 2024 | percent |
| Industry value added | 3.97 | 2024 | billion U.S. dollars |
| Manufacturing value added | 2.03 | 2023 | billion U.S. dollars |
| Services value added | 8.09 | 2024 | billion U.S. dollars |
| Savings, percent of GDP | 16.44 | 2022 | percent |
| Savings, in dollars | 3.04 | 2024 | billion U.S. dollars |