Updated · Source: IMF World Economic Outlook, April 2026
Nominal Gross Domestic Product (GDP) of Madagascar is $21.18 billion as of 2026, according to the International Monetary Fund (IMF). The GDP growth rate in 2026 is 3.6%. GDP per capita is $656.
Madagascar GDP Trend
Nominal GDP of Madagascar has grown from $5.20 billion in 1980 to $21.18 billion in 2026.
Madagascar GDP Growth Rate (%)
This chart shows the year-over-year real GDP growth rate of Madagascar. Hover any bar to see the exact value for that year.
Average Growth
2.08%
Best Year
2003 (+9.8%)
Worst Year
2002 (-12.4%)
Years of Contraction
6 of 47
GDP per capita in Madagascar rose from $622 in 2025 to $656 in 2026, an increase of 5.4%.
"Madagascar GDP", "Madagascar gross domestic product", and "Madagascar economy size" all refer to the same nominal GDP figure.
Gross Domestic Product (GDP) of Madagascar
The table below shows nominal and PPP GDP, growth rate, and GDP per capita for Madagascar for every year IMF has published data, from 1980 to 2026. Click any column header to sort, or search by year.
Madagascar nominal GDP by year
Year
GDP Nominal (Current USD)
GDP Growth
GDP per capita
Pop. Change
2026
$21,185,000,000
3.6%
$656
2.78%
2025
$19,556,000,000
2.8%
$622
2.78%
2024
$17,593,000,000
4.3%
$575
2.78%
2023
$16,037,000,000
4.2%
$539
2.78%
2022
$15,342,000,000
4.1%
$530
2.78%
2021
$14,355,000,000
4.7%
$509
3.07%
2020
$13,051,000,000
-7.1%
$477
3.07%
2019
$14,105,000,000
4.4%
$532
3.31%
2018
$13,760,000,000
3.2%
$536
2.96%
2017
$13,176,000,000
3.9%
$528
3.01%
2016
$11,849,000,000
4%
$489
3.01%
2015
$11,323,000,000
3.1%
$482
3.01%
2014
$12,523,000,000
3.3%
$549
3.01%
2013
$12,424,000,000
2.3%
$561
3.01%
2012
$11,579,000,000
3%
$539
3.01%
2011
$11,552,000,000
1.6%
$554
3.01%
2010
$9,983,000,000
0.6%
$493
3.01%
2009
$9,617,000,000
-4%
$489
3.01%
2008
$10,725,000,000
6.7%
$562
3.01%
2007
$8,525,000,000
5.7%
$460
3.01%
2006
$6,396,000,000
5.4%
$355
3.01%
2005
$5,859,000,000
4.8%
$335
3.01%
2004
$5,065,000,000
5.3%
$299
3.01%
2003
$6,372,000,000
9.8%
$387
3.01%
2002
$5,352,000,000
-12.4%
$335
3.01%
2001
$5,438,000,000
6%
$351
3.01%
2000
$4,629,000,000
4.5%
$307
3.02%
1999
$4,278,000,000
4.7%
$293
3.01%
1998
$4,402,000,000
3.9%
$310
3.01%
1997
$4,263,000,000
3.7%
$309
3%
1996
$4,932,000,000
2.2%
$369
3.01%
1995
$3,838,000,000
1.7%
$296
3.01%
1994
$3,522,000,000
0%
$279
3.01%
1993
$4,063,000,000
2.1%
$332
2.68%
1992
$3,715,000,000
1.2%
$312
2.68%
1991
$3,255,000,000
-6.3%
$280
2.68%
1990
$3,931,000,000
3.1%
$348
2.68%
1989
$3,176,000,000
4.1%
$288
2.68%
1988
$3,189,000,000
3.4%
$297
2.68%
1987
$3,213,000,000
1.2%
$308
2.68%
1986
$4,348,000,000
2%
$428
2.68%
1985
$3,803,000,000
1.2%
$384
2.68%
1984
$3,906,000,000
1.8%
$405
2.68%
1983
$4,686,000,000
0.9%
$499
2.68%
1982
$4,785,000,000
-1.9%
$523
2.68%
1981
$4,759,000,000
-9.8%
$534
2.67%
1980
$5,202,000,000
0.8%
$599
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The nominal GDP of Madagascar in 2026 is $21.18 billion, according to the IMF World Economic Outlook (April 2026). This ranks Madagascar 137th in the world by nominal GDP.
What is the GDP growth rate of Madagascar?
The GDP growth rate of Madagascar in 2026 is 3.6%, per IMF estimates.
What is the GDP per capita of Madagascar?
GDP per capita in Madagascar in 2026 is $656, per IMF data.
Is the GDP of Madagascar expected to grow?
IMF projects the nominal GDP of Madagascar to reach $33.64 billion by 2031, up from $21.18 billion in 2026.
Sources: IMF, World Economic Outlook (April 2026).
Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.