24_International reserves (excluding gold), per unit of GDP in Madagascar

Madagascar: 24_International reserves (excluding gold), per unit of GDP was 0.1506 excluding gold per US$ of GDP in 2025. ▲ Rising

Latest (2025)
0.1506 excluding gold per US$ of GDP
Change on year
up 4.5%
World rank
84th
of 174 countries
All-time high
0.1506 excluding gold per US$ of GDP
in 2025
All-time low
0.017 excluding gold per US$ of GDP
in 1995
Years of data
36
1990–2025

24_International reserves (excluding gold), per unit of GDP in Madagascar, 1990–2025

00.050.10.151990200720251990: 0.05 excluding gold per US$ of GDP1991: 0.028 excluding gold per US$ of GDP1992: 0.026 excluding gold per US$ of GDP1993: 0.02 excluding gold per US$ of GDP1994: 0.018 excluding gold per US$ of GDP1995: 0.017 excluding gold per US$ of GDP1996: 0.025 excluding gold per US$ of GDP1997: 0.054 excluding gold per US$ of GDP1998: 0.061 excluding gold per US$ of GDP1999: 0.043 excluding gold per US$ of GDP2000: 0.051 excluding gold per US$ of GDP2001: 0.057 excluding gold per US$ of GDP2002: 0.07 excluding gold per US$ of GDP2003: 0.059 excluding gold per US$ of GDP2004: 0.095 excluding gold per US$ of GDP2005: 0.085 excluding gold per US$ of GDP2006: 0.069 excluding gold per US$ of GDP2007: 0.071 excluding gold per US$ of GDP2008: 0.08 excluding gold per US$ of GDP2009: 0.092 excluding gold per US$ of GDP2010: 0.09 excluding gold per US$ of GDP2011: 0.092 excluding gold per US$ of GDP2012: 0.1 excluding gold per US$ of GDP2013: 0.079 excluding gold per US$ of GDP2014: 0.06 excluding gold per US$ of GDP2015: 0.066 excluding gold per US$ of GDP2016: 0.074 excluding gold per US$ of GDP2017: 0.089 excluding gold per US$ of GDP2018: 0.118 excluding gold per US$ of GDP2019: 0.122 excluding gold per US$ of GDP2020: 0.13 excluding gold per US$ of GDP2021: 0.13 excluding gold per US$ of GDP2022: 0.147 excluding gold per US$ of GDP2023: 0.138 excluding gold per US$ of GDP2024: 0.144 excluding gold per US$ of GDP2025: 0.151 excluding gold per US$ of GDP

Source: Statizoid (derived). Measured in excluding gold per US$ of GDP.

Analysis

In 2025, 24_international reserves (excluding gold), per unit of gdp in Madagascar stood at 0.1506 excluding gold per US$ of GDP. That is the highest value across all 36 years on record.

That represents a change of up 4.5% on the previous year and up 128.5% over ten years.

Over the whole period, 24_international reserves (excluding gold), per unit of gdp in Madagascar peaked at 0.1506 excluding gold per US$ of GDP in 2025 and was at its lowest, 0.017 excluding gold per US$ of GDP, in 1995.

That places Madagascar 84th out of 174 countries with data for 2025, putting it in the middle of the range.

The long-run direction has been consistently rising across the 36 years of available data.

24_International reserves (excluding gold), per unit of GDP in Madagascar, year by year

Annual values for 24_International reserves (excluding gold), per unit of GDP in Madagascar, 1990 to 2025.
Year excluding gold per US$ of GDP Change
1990 0.0499 excluding gold per US$ of GDP
1991 0.0284 excluding gold per US$ of GDP -43.1%
1992 0.0261 excluding gold per US$ of GDP -8.3%
1993 0.0198 excluding gold per US$ of GDP -23.9%
1994 0.0182 excluding gold per US$ of GDP -8.3%
1995 0.017 excluding gold per US$ of GDP -6.4%
1996 0.0252 excluding gold per US$ of GDP +48.0%
1997 0.0535 excluding gold per US$ of GDP +112.2%
1998 0.0607 excluding gold per US$ of GDP +13.3%
1999 0.0434 excluding gold per US$ of GDP -28.5%
2000 0.0509 excluding gold per US$ of GDP +17.2%
2001 0.0566 excluding gold per US$ of GDP +11.3%
2002 0.0705 excluding gold per US$ of GDP +24.5%
2003 0.0587 excluding gold per US$ of GDP -16.8%
2004 0.0954 excluding gold per US$ of GDP +62.7%
2005 0.0849 excluding gold per US$ of GDP -11.0%
2006 0.0695 excluding gold per US$ of GDP -18.2%
2007 0.0711 excluding gold per US$ of GDP +2.3%
2008 0.0797 excluding gold per US$ of GDP +12.1%
2009 0.0917 excluding gold per US$ of GDP +15.1%
2010 0.0897 excluding gold per US$ of GDP -2.2%
2011 0.0916 excluding gold per US$ of GDP +2.1%
2012 0.0995 excluding gold per US$ of GDP +8.6%
2013 0.0794 excluding gold per US$ of GDP -20.2%
2014 0.0596 excluding gold per US$ of GDP -24.9%
2015 0.0659 excluding gold per US$ of GDP +10.6%
2016 0.0735 excluding gold per US$ of GDP +11.5%
2017 0.0886 excluding gold per US$ of GDP +20.6%
2018 0.1177 excluding gold per US$ of GDP +32.8%
2019 0.1216 excluding gold per US$ of GDP +3.4%
2020 0.1302 excluding gold per US$ of GDP +7.0%
2021 0.1302 excluding gold per US$ of GDP +0.0%
2022 0.1466 excluding gold per US$ of GDP +12.6%
2023 0.1385 excluding gold per US$ of GDP -5.6%
2024 0.1441 excluding gold per US$ of GDP +4.1%
2025 0.1506 excluding gold per US$ of GDP +4.5%

Madagascar compared with similar countries

  • Madagascar's 0.1506 excluding gold per US$ of GDP is above the median for low income countries, which is 0.0608 excluding gold per US$ of GDP, 2.5× the median. (19 countries reporting)
  • Madagascar's 0.1506 excluding gold per US$ of GDP is above the median for Sub-Saharan Africa, which is 0.0876 excluding gold per US$ of GDP, 1.7× the median. (39 countries reporting)

Biggest year-on-year movements

Years where 24_International reserves (excluding gold), per unit of GDP 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
1997 +112.2% 0.0252 excluding gold per US$ of GDP 0.0535 excluding gold per US$ of GDP

Averages by decade

DecadeAverage LowestHighest Years
1990s 0.0342 excluding gold per US$ of GDP 0.017 excluding gold per US$ of GDP 0.0607 excluding gold per US$ of GDP 10
2000s 0.0729 excluding gold per US$ of GDP 0.0509 excluding gold per US$ of GDP 0.0954 excluding gold per US$ of GDP 10
2010s 0.0887 excluding gold per US$ of GDP 0.0596 excluding gold per US$ of GDP 0.1216 excluding gold per US$ of GDP 10
2020s 0.14 excluding gold per US$ of GDP 0.1302 excluding gold per US$ of GDP 0.1506 excluding gold per US$ of GDP 6

Countries ranked near Madagascar

  1. 81 Romania 0.1565 excluding gold per US$ of GDP compare
  2. 82 Hungary 0.1554 excluding gold per US$ of GDP compare
  3. 83 Central African Republic 0.1507 excluding gold per US$ of GDP compare
  4. 85 Antigua and Barbuda 0.1499 excluding gold per US$ of GDP compare
  5. 86 Mozambique 0.1493 excluding gold per US$ of GDP compare
  6. 87 India 0.1492 excluding gold per US$ of GDP compare

See the full ranking of 174 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is 24_international reserves (excluding gold), per unit of gdp in Madagascar?
24_international reserves (excluding gold), per unit of gdp in Madagascar was 0.1506 excluding gold per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest 24_international reserves (excluding gold), per unit of gdp recorded in Madagascar?
The highest recorded value was 0.1506 excluding gold per US$ of GDP in 2025.
What is the lowest 24_international reserves (excluding gold), per unit of gdp recorded in Madagascar?
The lowest recorded value was 0.017 excluding gold per US$ of GDP in 1995.
How does Madagascar rank for 24_international reserves (excluding gold), per unit of gdp?
Madagascar ranks 84th out of 174 countries with data for 2025.
Is 24_international reserves (excluding gold), per unit of gdp rising or falling in Madagascar?
Over the last ten years it is up 128.5%. The long-run trend across the full record is rising.
Where does this Madagascar data come from?
The figures come from Statizoid (derived), published as part of 24_International reserves (excluding gold), per unit of GDP. Statizoid updates them automatically from the source API.

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24_International reserves (excluding gold), per unit of GDP in Madagascar. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://reference.statizoid.com/stat/24-international-reserves-excluding-gold-per-unit-of-gdp/madagascar/

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How this figure is calculated

24_International reserves (excluding gold) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

24_International reserves (excluding gold) ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
24_International reserves (excluding gold), per unit of GDP
Unit
excluding gold per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
174 places, 5,955 data points, 1990–2025
Last refreshed

24_International reserves (excluding gold) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.