Military spending in Madagascar

Madagascar: Military spending was 124.17 million constant 2022 US$ in 2023. ▲ Rising

Latest (2023)
124.17 million constant 2022 US$
Change on year
up 5.7%
World rank
142nd
of 172 countries
All-time high
215.11 million constant 2022 US$
in 1979
All-time low
6.28 million constant 2022 US$
in 1960
Years of data
64
1960–2023

Military spending in Madagascar, 1960–2023

050.0M100.0M150.0M200.0M196019912023

Source: Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data. Measured in constant 2022 US$.

Analysis

In 2023, military spending in Madagascar stood at 124.17 million constant 2022 US$.

That represents a change of up 5.7% on the previous year and up 50.2% over ten years.

Over the whole period, military spending in Madagascar peaked at 215.11 million constant 2022 US$ in 1979 and was at its lowest, 6.28 million constant 2022 US$, in 1960.

That places Madagascar 142nd out of 172 countries with data for 2023, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 64 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1960s 58.79 million constant 2022 US$ 6.28 million constant 2022 US$ 85.67 million constant 2022 US$ 10
1970s 121.62 million constant 2022 US$ 80.81 million constant 2022 US$ 215.11 million constant 2022 US$ 10
1980s 122.57 million constant 2022 US$ 67.48 million constant 2022 US$ 214.20 million constant 2022 US$ 10
1990s 67.16 million constant 2022 US$ 58.92 million constant 2022 US$ 79.47 million constant 2022 US$ 10
2000s 132.49 million constant 2022 US$ 94.86 million constant 2022 US$ 195.95 million constant 2022 US$ 10
2010s 81.73 million constant 2022 US$ 71.15 million constant 2022 US$ 101.71 million constant 2022 US$ 10
2020s 118.61 million constant 2022 US$ 116.11 million constant 2022 US$ 124.17 million constant 2022 US$ 4

Countries ranked near Madagascar

  1. 139 Malawi 142.12 million constant 2022 US$ compare
  2. 140 Benin 140.87 million constant 2022 US$ compare
  3. 141 Burundi 136.95 million constant 2022 US$ compare
  4. 143 Montenegro 120.89 million constant 2022 US$ compare
  5. 145 Bahamas 118.22 million constant 2022 US$ compare

See the full ranking of 172 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is military spending in Madagascar?
Military spending in Madagascar was 124.17 million constant 2022 US$ in 2023, according to Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data.
What is the highest military spending recorded in Madagascar?
The highest recorded value was 215.11 million constant 2022 US$ in 1979.
What is the lowest military spending recorded in Madagascar?
The lowest recorded value was 6.28 million constant 2022 US$ in 1960.
How does Madagascar rank for military spending?
Madagascar ranks 142nd out of 172 countries with data for 2023.
Is military spending rising or falling in Madagascar?
Over the last ten years it is up 50.2%. The long-run trend across the full record is rising.
Where does this Madagascar data come from?
The figures come from Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data, published as part of Military spending. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 64 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Military spending
Unit
constant 2022 US$
Source
Barnum et al. - Global Military Spending Dataset (2025) – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
172 places, 15,402 data points, 1816–2023
Last refreshed

This data is expressed in US dollars. It is adjusted for inflation but does not account for differences in the cost of living between countries.