Madagascar - Debt Service 2023
6.10%
+1.54% from 2022
Madagascar's debt service was 6.10% in 2023, increased +1.54% from 4.56% in 2022. This was the 18th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Iran, Islamic Republic of | 0.33% | 103.6% |
| 2nd | Algeria | 0.76% | 77.4% |
| 3rd | Somalia, Fed. Rep. | 1.23% | 14.6% |
| 4th | Congo, Democratic Republic of | 1.63% | -47.3% |
| 5th | Djibouti | 1.64% | 24.7% |
| 6th | Timor-Leste | 2.06% | 164.1% |
| 7th | Guinea | 2.58% | 9.7% |
| 8th | Guyana | 2.65% | 116.7% |
| 9th | Botswana | 3.67% | 90.0% |
| 10th | Iraq | 3.99% | 10.6% |
| 11th | St. Lucia | 4.66% | 20.1% |
| 12th | Solomon Islands | 4.88% | 102.4% |
| 13th | São Tomé and Principe | 5.08% | -29.5% |
| 14th | Vanuatu | 5.46% | -10.8% |
| 15th | Mali | 5.54% | 8.4% |
| 16th | Kosovo | 5.66% | -26.1% |
| 17th | Azerbaijan | 5.86% | 78.3% |
| 18th | Madagascar | 6.10% | 33.8% |
| 19th | Haiti | 6.36% | 152.4% |
| 20th | Grenada | 6.59% | -10.1% |
| 21st | Myanmar | 6.99% | -0.5% |
| 22nd | Belize | 7.35% | 31.9% |
| 23rd | Gambia, The | 7.49% | -49.2% |
| 24th | Viet Nam | 7.54% | 11.5% |
| 25th | Eswatini | 7.86% | 105.1% |
| 26th | Mexico | 8.15% | -5.4% |
| 27th | Zambia | 8.22% | -30.0% |
| 28th | Mauritius | 8.45% | 94.0% |
| 29th | Chad | 8.46% | 10.8% |
| 30th | Albania | 8.54% | -7.0% |
| 31st | Lesotho | 8.92% | 81.1% |
| 32nd | Fiji | 9.10% | 15.0% |
| 33rd | Morocco | 9.20% | -9.0% |
| 34th | Mauritania | 9.42% | 17.1% |
| 35th | Paraguay | 9.56% | -32.1% |
| 36th | Liberia | 9.64% | 42.6% |
| 37th | Cambodia | 9.65% | -8.6% |
| 38th | Malawi | 9.71% | 6.1% |
| 39th | Central African Republic | 10.09% | 71.0% |
| 40th | Maldives | 10.13% | -25.2% |
| 41st | India | 10.16% | 22.9% |
| 42nd | Tajikistan | 10.30% | 12.8% |
| 43rd | Samoa | 10.35% | -49.5% |
| 44th | Bulgaria | 10.74% | -24.2% |
| 45th | Burundi | 10.96% | 19.2% |
| 46th | Tonga | 11.05% | 0.6% |
| 47th | Togo | 11.09% | -5.2% |
| 48th | St. Vincent and the Grenadines | 11.10% | -6.6% |
| 49th | Sierra Leone | 11.24% | 12.1% |
| 50th | Comoros | 11.54% | 323.5% |
| 51st | Burkina Faso | 11.67% | -33.6% |
| 52nd | China | 11.83% | 4.4% |
| 53rd | Nepal | 11.87% | 16.2% |
| 54th | Thailand | 11.96% | 50.7% |
| 55th | Serbia | 12.04% | -19.8% |
| 56th | Ukraine | 12.21% | -9.0% |
| 57th | Philippines | 12.26% | 42.8% |
| 58th | Bangladesh | 12.59% | 12.1% |
| 59th | Russian Federation | 12.74% | -14.9% |
| 60th | Lao PDR | 12.81% | -17.3% |
| 61st | Congo, Republic of | 13.29% | -2.5% |
| 62nd | Guatemala | 13.30% | -37.1% |
| 63rd | Bosnia and Herzegovina | 13.53% | 71.2% |
| 64th | Niger | 14.10% | -22.5% |
| 65th | Bolivia, Plurinational State of | 14.21% | -12.7% |
| 66th | Guinea-Bissau | 15.08% | -16.7% |
| 67th | Cabo Verde | 15.17% | 26.7% |
| 68th | Ghana | 15.28% | -30.9% |
| 69th | Rwanda | 15.32% | 33.3% |
| 70th | Nigeria | 15.39% | 27.9% |
| 71st | Tanzania | 15.56% | -5.2% |
| 72nd | Bhutan | 15.61% | -3.6% |
| 73rd | Sri Lanka | 16.07% | -20.8% |
| 74th | Belarus | 16.13% | 14.7% |
| 75th | Jordan | 16.24% | -29.7% |
| 76th | South Africa | 16.50% | -11.4% |
| 77th | North Macedonia | 17.00% | 61.6% |
| 78th | Honduras | 17.10% | 0.0% |
| 79th | Peru | 17.11% | 78.5% |
| 80th | Armenia | 17.81% | 1.6% |
| 81st | Benin | 18.10% | 60.6% |
| 82nd | Dominican Republic | 18.93% | 33.4% |
| 83rd | Moldova | 19.09% | 88.8% |
| 84th | Montenegro | 19.14% | -18.2% |
| 85th | Zimbabwe | 19.52% | 220.8% |
| 86th | Côte d'Ivoire | 20.05% | 55.3% |
| 87th | Cameroon | 20.15% | -2.1% |
| 88th | Indonesia | 20.28% | -13.0% |
| 89th | Nicaragua | 20.74% | -12.6% |
| 90th | Georgia | 20.85% | -0.7% |
| 91st | Türkiye | 20.91% | 6.2% |
| 92nd | Kenya | 21.11% | 16.5% |
| 93rd | Dominica | 22.75% | 8.4% |
| 94th | Ecuador | 22.89% | 58.5% |
| 95th | Tunisia | 24.12% | 2.2% |
| 96th | Suriname | 25.06% | 70.3% |
| 97th | Kyrgyz Republic | 27.40% | 64.2% |
| 98th | Uganda | 29.97% | 78.0% |
| 99th | Senegal | 30.24% | 67.3% |
| 100th | Egypt, Arab Republic of | 30.39% | 31.4% |
| 101st | Mongolia | 31.63% | -10.5% |
| 102nd | Uzbekistan | 32.61% | 9.0% |
| 103rd | Angola | 33.45% | 10.1% |
| 104th | Lebanon | 34.50% | 20.2% |
| 105th | Colombia | 36.72% | 8.6% |
| 106th | Jamaica | 38.04% | 68.3% |
| 107th | Papua New Guinea | 42.24% | 41.6% |
| 108th | Pakistan | 43.60% | 3.7% |
| 109th | Mozambique | 46.16% | -22.0% |
| 110th | Kazakhstan | 50.26% | -1.8% |
| 111th | Argentina | 51.36% | 62.1% |
| 112th | Brazil | 53.54% | 79.1% |
| 113th | El Salvador | 83.07% | 158.4% |
FAQ
What was Madagascar's debt service in 2023?▾
Madagascar's debt service in 2023 was 6.10%. This ranked 18th globally.
How did Madagascar's debt service change in 2023?▾
Madagascar's debt service increased by 33.8% in 2023 compared to 2022.
Which country had the highest debt service in 2023?▾
El Salvador had the highest debt service in 2023 at 83.07%.
What is the debt service of Madagascar in 2023?▾
The debt service of Madagascar in 2023 was 6.10%. This ranked 18th globally.
How does 2023 compare to 2022 for Madagascar's debt service?▾
Madagascar's debt service went from 4.56% in 2022 to 6.10% in 2023, a 33.8% increase.
Related
2022
2024
All years
Full ranking 2023
External Debt
External Debt to GNI
Short-term Debt
Domestic Credit
Interest Payments to Revenue
Peak: 1987
Lowest: 2008
Debt Service 1990s
Debt Service 2000s
Debt Service 2010s
Debt Service 2020s
Highest ever
Lowest ever
Average
vs Malawi
vs Central African Republic
vs Eritrea
vs Mozambique
African Union Debt Service
Global Ranking