24_International reserves in Madagascar

Madagascar: 24_International reserves was 2.96 billion excluding gold in 2025. ◆ Volatile

Latest (2025)
2.96 billion excluding gold
Change on year
up 16.6%
World rank
116th
of 175 countries
All-time high
2.96 billion excluding gold
in 2025
All-time low
64.12 million excluding gold
in 1994
Years of data
36
1990–2025

24_International reserves in Madagascar, 1990–2025

01.0B2.0B3.0B1990200720251990: 196.3M excluding gold1991: 92.5M excluding gold1992: 96.9M excluding gold1993: 80.6M excluding gold1994: 64.1M excluding gold1995: 65.4M excluding gold1996: 124.4M excluding gold1997: 228.3M excluding gold1998: 267.1M excluding gold1999: 185.6M excluding gold2000: 235.4M excluding gold2001: 307.9M excluding gold2002: 377.1M excluding gold2003: 373.7M excluding gold2004: 483.4M excluding gold2005: 497.5M excluding gold2006: 444.2M excluding gold2007: 605.9M excluding gold2008: 854.6M excluding gold2009: 882.1M excluding gold2010: 895.9M excluding gold2011: 1.1B excluding gold2012: 1.2B excluding gold2013: 986.3M excluding gold2014: 746.7M excluding gold2015: 746.4M excluding gold2016: 871.0M excluding gold2017: 1.2B excluding gold2018: 1.6B excluding gold2019: 1.7B excluding gold2020: 1.7B excluding gold2021: 1.9B excluding gold2022: 2.2B excluding gold2023: 2.2B excluding gold2024: 2.5B excluding gold2025: 3.0B excluding gold

Source: IMF. Measured in excluding gold.

Analysis

The most recent figure for 24_international reserves in Madagascar is 2.96 billion excluding gold, measured in 2025. That is the highest value across all 36 years on record.

Compared with earlier readings it is up 16.6% on the previous year and up 296.0% over ten years.

Over the whole period, 24_international reserves in Madagascar peaked at 2.96 billion excluding gold in 2025 and was at its lowest, 64.12 million excluding gold, in 1994.

Madagascar ranks 116th of 175 countries on this measure, in the middle of the range.

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

24_International reserves in Madagascar, year by year

Annual values for 24_International reserves (excluding gold) in Madagascar, 1990 to 2025.
Year excluding gold Change
1990 196.29 million excluding gold —
1991 92.52 million excluding gold -52.9%
1992 96.88 million excluding gold +4.7%
1993 80.64 million excluding gold -16.8%
1994 64.12 million excluding gold -20.5%
1995 65.43 million excluding gold +2.0%
1996 124.44 million excluding gold +90.2%
1997 228.28 million excluding gold +83.5%
1998 267.09 million excluding gold +17.0%
1999 185.58 million excluding gold -30.5%
2000 235.44 million excluding gold +26.9%
2001 307.94 million excluding gold +30.8%
2002 377.14 million excluding gold +22.5%
2003 373.75 million excluding gold -0.9%
2004 483.38 million excluding gold +29.3%
2005 497.46 million excluding gold +2.9%
2006 444.19 million excluding gold -10.7%
2007 605.86 million excluding gold +36.4%
2008 854.62 million excluding gold +41.1%
2009 882.12 million excluding gold +3.2%
2010 895.91 million excluding gold +1.6%
2011 1.06 billion excluding gold +18.1%
2012 1.15 billion excluding gold +8.9%
2013 986.33 million excluding gold -14.4%
2014 746.71 million excluding gold -24.3%
2015 746.43 million excluding gold -0.0%
2016 871.03 million excluding gold +16.7%
2017 1.17 billion excluding gold +34.1%
2018 1.62 billion excluding gold +38.6%
2019 1.72 billion excluding gold +6.0%
2020 1.70 billion excluding gold -1.0%
2021 1.87 billion excluding gold +10.0%
2022 2.25 billion excluding gold +20.3%
2023 2.22 billion excluding gold -1.3%
2024 2.54 billion excluding gold +14.2%
2025 2.96 billion excluding gold +16.6%

Madagascar compared with similar countries

  • Madagascar's 2.96 billion excluding gold is above the median for low income countries, which is 982.72 million excluding gold, 3.0× the median. (19 countries reporting)
  • Madagascar's 2.96 billion excluding gold is above the median for Sub-Saharan Africa, which is 1.30 billion excluding gold, 2.3× the median. (39 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1990s 140.13 million excluding gold 64.12 million excluding gold 267.09 million excluding gold 10
2000s 506.19 million excluding gold 235.44 million excluding gold 882.12 million excluding gold 10
2010s 1.10 billion excluding gold 746.43 million excluding gold 1.72 billion excluding gold 10
2020s 2.25 billion excluding gold 1.70 billion excluding gold 2.96 billion excluding gold 6

Countries ranked near Madagascar

  1. 113 Namibia 3.24 billion excluding gold compare
  2. 114 Papua New Guinea 3.10 billion excluding gold compare
  3. 115 Bulgaria 3.07 billion excluding gold compare
  4. 117 Slovenia 2.84 billion excluding gold compare
  5. 118 Bahamas 2.81 billion excluding gold compare
  6. 119 Haiti 2.74 billion excluding gold compare

See the full ranking of 175 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is 24_international reserves in Madagascar?
24_international reserves in Madagascar was 2.96 billion excluding gold in 2025, according to IMF.
What is the highest 24_international reserves recorded in Madagascar?
The highest recorded value was 2.96 billion excluding gold in 2025.
What is the lowest 24_international reserves recorded in Madagascar?
The lowest recorded value was 64.12 million excluding gold in 1994.
How does Madagascar rank for 24_international reserves?
Madagascar ranks 116th out of 175 countries with data for 2025.
Is 24_international reserves rising or falling in Madagascar?
Over the last ten years it is up 296.0%. 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 24_International reserves (excluding gold). Statizoid updates them automatically from the source API.

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24_International reserves in Madagascar. Statizoid, drawing on IMF. Retrieved 28 September 2026, from https://reference.statizoid.com/stat/24-international-reserves-excluding-gold/madagascar/

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About this data

Indicator
24_International reserves (excluding gold)
Unit
excluding gold
Source
IMF
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
175 places, 6,120 data points, 1990–2026
Last refreshed

The data on international reserve assets refer to entries published in the world tables of the IMF’s International Financial Statistics (IFS).