Remittances in Madagascar
Madagascar: Remittances was 2.31 in 2024. ◆ Volatile
Remittances in Madagascar, 1974–2024
Source: Our World in Data.
Analysis
Madagascar recorded 2.31 for remittances in 2024.
That represents a change of up 18.9% on the previous year and down 16.0% over ten years.
Over the whole period, remittances in Madagascar peaked at 4.57 in 2010 and was at its lowest, 0.0014, in 1979.
Madagascar ranks 97th of 194 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.
Remittances in Madagascar, year by year
| Year | Value | Change |
|---|---|---|
| 1974 | 0.0217 | — |
| 1975 | 0.0204 | -5.7% |
| 1976 | 0.0326 | +59.5% |
| 1977 | 0.0138 | -57.7% |
| 1978 | 0.0149 | +8.2% |
| 1979 | 0.0014 | -90.9% |
| 1980 | 0.0073 | +436.3% |
| 1981 | 0.0046 | -36.3% |
| 1982 | 0.0024 | -48.5% |
| 1983 | 0.0025 | +3.7% |
| 1984 | 0.1443 | +5721.7% |
| 1985 | 0.1203 | -16.6% |
| 1986 | 0.135 | +12.2% |
| 1987 | 0.1447 | +7.2% |
| 1988 | 0.1263 | -12.7% |
| 1989 | 0.3068 | +142.8% |
| 1990 | 0.2002 | -34.7% |
| 1991 | 0.4034 | +101.5% |
| 1992 | 0.4096 | +1.5% |
| 1993 | 0.3333 | -18.6% |
| 1994 | 0.3618 | +8.5% |
| 1995 | 0.2372 | -34.4% |
| 1996 | 0.1266 | -46.6% |
| 1997 | 0.2858 | +125.8% |
| 1998 | 0.2604 | -8.9% |
| 1999 | 0.2717 | +4.3% |
| 2000 | 0.2435 | -10.4% |
| 2001 | 0.1999 | -17.9% |
| 2002 | 0.5479 | +174.1% |
| 2003 | 0.2547 | -53.5% |
| 2004 | 0.2272 | -10.8% |
| 2005 | 1.74 | +663.8% |
| 2006 | 2.35 | +35.4% |
| 2007 | 2.99 | +27.1% |
| 2008 | 2.93 | -1.9% |
| 2009 | 2.95 | +0.8% |
| 2010 | 4.57 | +54.8% |
| 2011 | 2.9 | -36.5% |
| 2012 | 2.85 | -1.6% |
| 2013 | 2.88 | +0.9% |
| 2014 | 2.75 | -4.5% |
| 2015 | 2.89 | +4.9% |
| 2016 | 2.53 | -12.5% |
| 2017 | 2.6 | +3.0% |
| 2018 | 3.09 | +18.9% |
| 2019 | 2.89 | -6.5% |
| 2020 | 3.8 | +31.3% |
| 2021 | 3.06 | -19.3% |
| 2022 | 2.51 | -18.0% |
| 2023 | 1.94 | -22.7% |
| 2024 | 2.31 | +18.9% |
Madagascar compared with similar countries
- Madagascar's 2.31 is below the median for low income countries, which is 3.36, 69% of the median. (22 countries reporting)
- Madagascar's 2.31 is below the median for Sub-Saharan Africa, which is 2.52, 92% of the median. (46 countries reporting)
Biggest year-on-year movements
Years where Remittances 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 | +5721.7% | 0.0025 | 0.1443 |
| 2005 | +663.8% | 0.2272 | 1.74 |
| 1980 | +436.3% | 0.0014 | 0.0073 |
| 2002 | +174.1% | 0.1999 | 0.5479 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0175 | 0.0014 | 0.0326 | 6 |
| 1980s | 0.0994 | 0.0024 | 0.3068 | 10 |
| 1990s | 0.289 | 0.1266 | 0.4096 | 10 |
| 2000s | 1.44 | 0.1999 | 2.99 | 10 |
| 2010s | 2.99 | 2.53 | 4.57 | 10 |
| 2020s | 2.72 | 1.94 | 3.8 | 5 |
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 remittances in Madagascar?
- Remittances in Madagascar was 2.31 in 2024, according to Our World in Data.
- What is the highest remittances recorded in Madagascar?
- The highest recorded value was 4.57 in 2010.
- What is the lowest remittances recorded in Madagascar?
- The lowest recorded value was 0.0014 in 1979.
- How does Madagascar rank for remittances?
- Madagascar ranks 97th out of 194 countries with data for 2024.
- Is remittances rising or falling in Madagascar?
- Over the last ten years it is down 16.0%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Our World in Data, published as part of Remittances. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 51 observations, free to reuse under CC BY 4.0 (Our World in Data).