14_Debt securities held by nonresidents in Madagascar

Madagascar: 14_Debt securities held by nonresidents was 15.24 million in 2025. ◆ Volatile

Latest (2025)
15.24 million
Change on year
down 75.0%
World rank
163rd
of 215 countries
All-time high
72.68 million
in 2021
All-time low
0
in 2001
Years of data
25
2001–2025

14_Debt securities held by nonresidents in Madagascar, 2001–2025

020.0M40.0M60.0M80.0M2001201320252001: 02002: 02003: 4.3M2004: 514.6k2005: 17.0M2006: 1.0M2007: 1.0M2008: 6.2M2009: 19.9M2010: 27.4M2011: 5.7M2012: 70.2M2013: 2.5M2014: 9.9M2015: 7.5M2016: 6.3M2017: 11.6M2018: 27.8M2019: 32.0M2020: 34.9M2021: 72.7M2022: 41.8M2023: 46.5M2024: 61.1M2025: 15.2M

Source: IMF.

Analysis

In 2025, 14_debt securities held by nonresidents in Madagascar stood at 15.24 million.

Compared with earlier readings it is down 75.0% on the previous year and up 103.2% over ten years.

Over the whole period, 14_debt securities held by nonresidents in Madagascar peaked at 72.68 million in 2021 and was at its lowest, 0, in 2001.

That places Madagascar 163rd out of 215 countries with data for 2025, putting it in the bottom quarter.

The series is highly variable year to year, so single readings are best treated with caution.

14_Debt securities held by nonresidents in Madagascar, year by year

Annual values for 14_Debt securities held by nonresidents in Madagascar, 2001 to 2025.
Year Value Change
2001 0 —
2002 0 —
2003 4.30 million —
2004 514,569 -88.0%
2005 17.00 million +3203.7%
2006 1.00 million -94.1%
2007 1.00 million +0.0%
2008 6.20 million +520.0%
2009 19.93 million +221.5%
2010 27.40 million +37.5%
2011 5.68 million -79.3%
2012 70.23 million +1135.9%
2013 2.48 million -96.5%
2014 9.90 million +298.9%
2015 7.50 million -24.2%
2016 6.25 million -16.6%
2017 11.60 million +85.5%
2018 27.76 million +139.3%
2019 31.95 million +15.1%
2020 34.90 million +9.2%
2021 72.68 million +108.2%
2022 41.79 million -42.5%
2023 46.47 million +11.2%
2024 61.07 million +31.4%
2025 15.24 million -75.0%

Madagascar compared with similar countries

  • Madagascar's 15.24 million is above the median for low income countries, which is 13.12 million, 1.2× the median. (25 countries reporting)
  • Madagascar's 15.24 million is below the median for Sub-Saharan Africa, which is 188.63 million, 8% of the median. (48 countries reporting)

Biggest year-on-year movements

Years where 14_Debt securities held by nonresidents in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2005 +3203.7% 514,569 17.00 million
2012 +1135.9% 5.68 million 70.23 million

Averages by decade

DecadeAverage LowestHighest Years
2000s 5.55 million 0 19.93 million 9
2010s 20.08 million 2.48 million 70.23 million 10
2020s 45.36 million 15.24 million 72.68 million 6

Countries ranked near Madagascar

  1. 160 North Korea 21.87 million compare
  2. 161 Sint Maarten (Dutch part) 18.00 million compare
  3. 162 Nepal 17.51 million compare
  4. 164 Monaco 15.09 million compare
  5. 165 Maldives 13.92 million compare
  6. 166 Mali 13.12 million compare

See the full ranking of 215 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is 14_debt securities held by nonresidents in Madagascar?
14_debt securities held by nonresidents in Madagascar was 15.24 million in 2025, according to IMF.
What is the highest 14_debt securities held by nonresidents recorded in Madagascar?
The highest recorded value was 72.68 million in 2021.
What is the lowest 14_debt securities held by nonresidents recorded in Madagascar?
The lowest recorded value was 0 in 2001.
How does Madagascar rank for 14_debt securities held by nonresidents?
Madagascar ranks 163rd out of 215 countries with data for 2025.
Is 14_debt securities held by nonresidents rising or falling in Madagascar?
Over the last ten years it is up 103.2%. The long-run trend across the full record is volatile.
Where does this Madagascar data come from?
The figures come from IMF, published as part of 14_Debt securities held by nonresidents. Statizoid updates them automatically from the source API.

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14_Debt securities held by nonresidents in Madagascar. Statizoid, drawing on IMF. Retrieved 29 September 2026, from https://reference.statizoid.com/stat/14-debt-securities-held-by-nonresidents/madagascar/

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About this data

Indicator
14_Debt securities held by nonresidents
Source
IMF
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
215 places, 5,330 data points, 1997–2025
Last refreshed

The data are sourced from the IMF’s Coordinated Portfolio Investment Survey (CPIS) database. Individual economy data on debt securities held by nonresidents are derived from other economies’ CPIS creditor data. The relevant tables in the CPIS database are 1) derived portfolio investment liabilities: long-term debt securities; and 2) derived portfolio investment liabilities: short-term debt securities.