Madagascar: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Madagascar |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -6.80 |
| Year | 2022 |
| Measure | percent |
| Data availability | 1980 - 2022 |
| Average | -4.30 |
| Min - Max | -14.18 - -0.46 |
| Source | African Development Bank |
The latest value from 2022 is -6.8 percent, a decline from -2.8 percent in 2021. In comparison, the world average is -2.54 percent, based on data from 162 countries. Historically, the average for Madagascar from 1980 to 2022 is -4.3 percent. The minimum value, -14.18 percent, was reached in 1980 while the maximum of -0.46 percent was recorded in 2006.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 18.16 | 2022 | percent |
| Government spending, in dollars | 2.99 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -6.80 | 2022 | percent |
| Government debt | 53.36 | 2022 | percent |
| Tax revenue | 10.24 | 2021 | percent |
| Commercial tax rate | 38.30 | 2019 | percent |
| Tax preparation time | 183 | 2019 | hours |
| Number of taxes | 23 | 2019 | taxes |
| Taxes on goods and services | 51.67 | 2021 | percent |
| Taxes on international trade | 13.13 | 2021 | percent |
| Income and profits taxes | 22.48 | 2021 | percent |
| Foreign aid | 1,048.09 | 2021 | million U.S. dollars |