Military spending per armed forces personnel in Madagascar

Madagascar: Military spending per armed forces personnel was 4,523 constant 2024 US$ in 2020. ▲ Rising

Latest (2020)
4,523 constant 2024 US$
Change on year
up 14.7%
World rank
144th
of 160 countries
All-time high
5,593 constant 2024 US$
in 2001
All-time low
2,022 constant 2024 US$
in 1995
Years of data
32
1985–2020

Military spending per armed forces personnel in Madagascar, 1985–2020

02.0k4.0k6.0k1985200220201985: 4.6k constant 2024 US$1989: 3.6k constant 2024 US$1990: 3.8k constant 2024 US$1991: 3.9k constant 2024 US$1992: 2.3k constant 2024 US$1993: 3.6k constant 2024 US$1994: 3.0k constant 2024 US$1995: 2.0k constant 2024 US$1996: 2.9k constant 2024 US$1997: 3.7k constant 2024 US$1998: 3.6k constant 2024 US$1999: 3.4k constant 2024 US$2000: 3.4k constant 2024 US$2001: 5.6k constant 2024 US$2002: 4.4k constant 2024 US$2003: 5.1k constant 2024 US$2004: 5.2k constant 2024 US$2005: 4.5k constant 2024 US$2007: 5.2k constant 2024 US$2008: 5.5k constant 2024 US$2009: 4.0k constant 2024 US$2010: 3.2k constant 2024 US$2011: 3.5k constant 2024 US$2012: 3.5k constant 2024 US$2013: 3.4k constant 2024 US$2014: 3.4k constant 2024 US$2015: 3.3k constant 2024 US$2016: 3.4k constant 2024 US$2017: 3.4k constant 2024 US$2018: 3.7k constant 2024 US$2019: 3.9k constant 2024 US$2020: 4.5k constant 2024 US$

Source: Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data. Measured in constant 2024 US$.

Analysis

The most recent figure for military spending per armed forces personnel in Madagascar is 4,523 constant 2024 US$, measured in 2020.

Compared with earlier readings it is up 14.7% on the previous year and up 43.0% over ten years.

Over the whole period, military spending per armed forces personnel in Madagascar peaked at 5,593 constant 2024 US$ in 2001 and was at its lowest, 2,022 constant 2024 US$, in 1995.

That places Madagascar 144th out of 160 countries with data for 2020, putting it in the bottom quarter.

The long-run direction has been consistently rising across the 32 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
1980s 4,109 constant 2024 US$ 3,638 constant 2024 US$ 4,580 constant 2024 US$ 2
1990s 3,226 constant 2024 US$ 2,022 constant 2024 US$ 3,936 constant 2024 US$ 10
2000s 4,778 constant 2024 US$ 3,411 constant 2024 US$ 5,593 constant 2024 US$ 9
2010s 3,479 constant 2024 US$ 3,163 constant 2024 US$ 3,942 constant 2024 US$ 10
2020s 4,523 constant 2024 US$ 4,523 constant 2024 US$ 4,523 constant 2024 US$ 1

Countries ranked near Madagascar

  1. 141 Tajikistan 5,405 constant 2024 US$ compare
  2. 142 Sri Lanka 5,355 constant 2024 US$ compare
  3. 143 Central African Republic 4,842 constant 2024 US$ compare
  4. 145 Gambia 4,400 constant 2024 US$ compare
  5. 146 Rwanda 4,381 constant 2024 US$ compare
  6. 147 Nepal 4,320 constant 2024 US$ compare

See the full ranking of 160 places →

More reference data data for Madagascar

All data for Madagascar →

Frequently asked questions

What is military spending per armed forces personnel in Madagascar?
Military spending per armed forces personnel in Madagascar was 4,523 constant 2024 US$ in 2020, according to Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data.
What is the highest military spending per armed forces personnel recorded in Madagascar?
The highest recorded value was 5,593 constant 2024 US$ in 2001.
What is the lowest military spending per armed forces personnel recorded in Madagascar?
The lowest recorded value was 2,022 constant 2024 US$ in 1995.
How does Madagascar rank for military spending per armed forces personnel?
Madagascar ranks 144th out of 160 countries with data for 2020.
Is military spending per armed forces personnel rising or falling in Madagascar?
Over the last ten years it is up 43.0%. The long-run trend across the full record is rising.
Where does this Madagascar data come from?
The figures come from Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data, published as part of Military spending per armed forces personnel. Statizoid updates them automatically from the source API.

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About this data

Indicator
Military spending per armed forces personnel
Unit
constant 2024 US$
Source
Stockholm International Peace Research Institute (2026); The Military Balance - International Institute for Strategic Studies, via World Bank (2026) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
160 places, 4,610 data points, 1985–2020
Last refreshed

Total military expenditure divided by armed forces personnel. 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.