Personal remittances and foreign aid received in Madagascar
Madagascar: Personal remittances and foreign aid received was 439.71 million current US$ in 2021. ◆ Volatile
Personal remittances and foreign aid received in Madagascar, 1974–2021
Source: World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data. Measured in current US$.
Analysis
In 2021, personal remittances and foreign aid received in Madagascar stood at 439.71 million current US$.
Compared with earlier readings it is down 11.2% on the previous year and up 31.3% over ten years.
Over the whole period, personal remittances and foreign aid received in Madagascar peaked at 495.36 million current US$ in 2020 and was at its lowest, 47,010 current US$, in 1979.
Madagascar ranks 120th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Personal remittances and foreign aid received in Madagascar, year by year
| Year | current US$ | Change |
|---|---|---|
| 1974 | 415,448 current US$ | — |
| 1975 | 466,609 current US$ | +12.3% |
| 1976 | 711,447 current US$ | +52.5% |
| 1977 | 325,628 current US$ | -54.2% |
| 1978 | 398,839 current US$ | +22.5% |
| 1979 | 47,010 current US$ | -88.2% |
| 1980 | 378,647 current US$ | +705.5% |
| 1981 | 220,807 current US$ | -41.7% |
| 1982 | 114,372 current US$ | -48.2% |
| 1983 | 116,158 current US$ | +1.6% |
| 1984 | 5.64 million current US$ | +4752.1% |
| 1985 | 4.57 million current US$ | -18.8% |
| 1986 | 5.87 million current US$ | +28.3% |
| 1987 | 4.65 million current US$ | -20.8% |
| 1988 | 4.03 million current US$ | -13.3% |
| 1989 | 9.74 million current US$ | +141.8% |
| 1990 | 7.87 million current US$ | -19.2% |
| 1991 | 13.13 million current US$ | +66.8% |
| 1992 | 15.21 million current US$ | +15.9% |
| 1993 | 13.54 million current US$ | -11.0% |
| 1994 | 12.74 million current US$ | -5.9% |
| 1995 | 9.10 million current US$ | -28.6% |
| 1996 | 6.24 million current US$ | -31.4% |
| 1997 | 12.18 million current US$ | +95.2% |
| 1998 | 11.46 million current US$ | -5.9% |
| 1999 | 11.62 million current US$ | +1.4% |
| 2000 | 11.27 million current US$ | -3.0% |
| 2001 | 10.87 million current US$ | -3.5% |
| 2002 | 29.32 million current US$ | +169.7% |
| 2003 | 16.23 million current US$ | -44.6% |
| 2004 | 11.51 million current US$ | -29.1% |
| 2005 | 101.67 million current US$ | +783.6% |
| 2006 | 150.26 million current US$ | +47.8% |
| 2007 | 254.49 million current US$ | +69.4% |
| 2008 | 313.99 million current US$ | +23.4% |
| 2009 | 283.72 million current US$ | -9.6% |
| 2010 | 455.83 million current US$ | +60.7% |
| 2011 | 335.01 million current US$ | -26.5% |
| 2012 | 330.50 million current US$ | -1.3% |
| 2013 | 357.75 million current US$ | +8.2% |
| 2014 | 344.44 million current US$ | -3.7% |
| 2015 | 326.85 million current US$ | -5.1% |
| 2016 | 299.20 million current US$ | -8.5% |
| 2017 | 342.78 million current US$ | +14.6% |
| 2018 | 425.50 million current US$ | +24.1% |
| 2019 | 407.68 million current US$ | -4.2% |
| 2020 | 495.36 million current US$ | +21.5% |
| 2021 | 439.71 million current US$ | -11.2% |
Madagascar compared with similar countries
- Madagascar's 439.71 million current US$ is above the median for low income countries, which is 439.71 million current US$, 1.0× the median. (23 countries reporting)
- Madagascar's 439.71 million current US$ is above the median for Sub-Saharan Africa, which is 318.64 million current US$, 1.4× the median. (47 countries reporting)
Biggest year-on-year movements
Years where Personal remittances and foreign aid received in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1984 | +4752.1% | 116,158 current US$ | 5.64 million current US$ |
| 2005 | +783.6% | 11.51 million current US$ | 101.67 million current US$ |
| 1980 | +705.5% | 47,010 current US$ | 378,647 current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 394,164 current US$ | 47,010 current US$ | 711,447 current US$ | 6 |
| 1980s | 3.53 million current US$ | 114,372 current US$ | 9.74 million current US$ | 10 |
| 1990s | 11.31 million current US$ | 6.24 million current US$ | 15.21 million current US$ | 10 |
| 2000s | 118.33 million current US$ | 10.87 million current US$ | 313.99 million current US$ | 10 |
| 2010s | 362.55 million current US$ | 299.20 million current US$ | 455.83 million current US$ | 10 |
| 2020s | 467.53 million current US$ | 439.71 million current US$ | 495.36 million current US$ | 2 |
Countries ranked near Madagascar
More reference data data for Madagascar
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.4459 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 4.82 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 5.9 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.4503 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 5.9 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 1.5 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 1.43 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 26.56 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 32.81 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 2.45 (2050)
Frequently asked questions
- What is personal remittances and foreign aid received in Madagascar?
- Personal remittances and foreign aid received in Madagascar was 439.71 million current US$ in 2021, according to World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data.
- What is the highest personal remittances and foreign aid received recorded in Madagascar?
- The highest recorded value was 495.36 million current US$ in 2020.
- What is the lowest personal remittances and foreign aid received recorded in Madagascar?
- The lowest recorded value was 47,010 current US$ in 1979.
- How does Madagascar rank for personal remittances and foreign aid received?
- Madagascar ranks 120th out of 193 countries with data for 2021.
- Is personal remittances and foreign aid received rising or falling in Madagascar?
- Over the last ten years it is up 31.3%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from World Bank based on International Monetary Fund balance of payments data (2026) – processed by Our World in Data, published as part of Personal remittances and foreign aid received. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 48 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Remittances are financial transfers from non-residents to residents of a country, such as a worker abroad sending money to family and friends. Foreign aid is measured as official development assistance. Both are measured in current US$.