Madagascar - Debt Service 2024
7.17%
+1.07% from 2023
Madagascar's debt service was 7.17% in 2024, increased +1.07% from 6.10% in 2023. This was the 19th highest globally.
Global Ranking - 2024▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Iran, Islamic Republic of | 0.28% | -13.8% |
| 2nd | Somalia, Fed. Rep. | 0.66% | -46.6% |
| 3rd | Algeria | 0.80% | 5.4% |
| 4th | Congo, Democratic Republic of | 1.32% | -19.0% |
| 5th | Djibouti | 2.53% | 54.2% |
| 6th | Guyana | 2.89% | 8.9% |
| 7th | Iraq | 2.96% | -25.9% |
| 8th | Timor-Leste | 3.05% | 48.3% |
| 9th | São Tomé and Principe | 3.47% | -31.7% |
| 10th | Solomon Islands | 3.65% | -25.3% |
| 11th | Guinea | 3.73% | 44.7% |
| 12th | Thailand | 4.68% | -60.8% |
| 13th | Botswana | 4.72% | 28.7% |
| 14th | St. Lucia | 4.75% | 1.8% |
| 15th | Grenada | 4.85% | -26.4% |
| 16th | Mali | 6.16% | 11.2% |
| 17th | Vanuatu | 6.51% | 19.3% |
| 18th | Lesotho | 6.89% | -22.8% |
| 19th | Madagascar | 7.17% | 17.6% |
| 20th | Kosovo | 7.18% | 26.8% |
| 21st | Myanmar | 7.39% | 5.6% |
| 22nd | Belize | 7.67% | 4.4% |
| 23rd | Eswatini | 7.67% | -2.4% |
| 24th | Viet Nam | 7.72% | 2.4% |
| 25th | Rwanda | 7.97% | -48.0% |
| 26th | Albania | 8.01% | -6.3% |
| 27th | Gambia, The | 8.14% | 8.7% |
| 28th | Mauritius | 8.48% | 0.4% |
| 29th | China | 8.59% | -27.4% |
| 30th | Tajikistan | 8.76% | -14.9% |
| 31st | Samoa | 9.03% | -12.7% |
| 32nd | Liberia | 9.15% | -5.1% |
| 33rd | Armenia | 9.17% | -48.5% |
| 34th | Maldives | 9.18% | -9.3% |
| 35th | Ghana | 9.44% | -38.3% |
| 36th | Sierra Leone | 9.49% | -15.6% |
| 37th | Mexico | 9.52% | 16.9% |
| 38th | Fiji | 9.54% | 4.8% |
| 39th | Guatemala | 9.56% | -28.1% |
| 40th | Mauritania | 9.67% | 2.7% |
| 41st | St. Vincent and the Grenadines | 10.09% | -9.1% |
| 42nd | Belarus | 10.47% | -35.1% |
| 43rd | India | 10.49% | 3.3% |
| 44th | Cambodia | 10.54% | 9.2% |
| 45th | Malawi | 10.56% | 8.8% |
| 46th | Bosnia and Herzegovina | 10.84% | -19.9% |
| 47th | Paraguay | 11.06% | 15.6% |
| 48th | Bulgaria | 11.09% | 3.3% |
| 49th | Russian Federation | 11.35% | -10.9% |
| 50th | Azerbaijan | 11.39% | 94.2% |
| 51st | Tanzania | 12.09% | -22.3% |
| 52nd | Nepal | 12.39% | 4.4% |
| 53rd | Cabo Verde | 12.62% | -16.8% |
| 54th | Morocco | 12.93% | 40.4% |
| 55th | Guinea-Bissau | 13.26% | -12.1% |
| 56th | Central African Republic | 13.40% | 32.8% |
| 57th | Congo, Republic of | 13.56% | 2.1% |
| 58th | Burkina Faso | 13.60% | 16.6% |
| 59th | Togo | 13.82% | 24.6% |
| 60th | Uganda | 13.94% | -53.5% |
| 61st | Kyrgyz Republic | 13.95% | -49.1% |
| 62nd | North Macedonia | 14.42% | -15.2% |
| 63rd | Philippines | 14.43% | 17.7% |
| 64th | Bangladesh | 15.77% | 25.2% |
| 65th | Ukraine | 15.83% | 29.7% |
| 66th | South Africa | 16.30% | -1.2% |
| 67th | Bhutan | 16.58% | 6.2% |
| 68th | Moldova | 16.62% | -13.0% |
| 69th | Peru | 17.11% | 0.0% |
| 70th | Comoros | 17.34% | 50.3% |
| 71st | Bolivia, Plurinational State of | 17.79% | 25.2% |
| 72nd | Honduras | 18.12% | 5.9% |
| 73rd | Jordan | 18.15% | 11.8% |
| 74th | Niger | 18.97% | 34.5% |
| 75th | Lao PDR | 19.04% | 48.7% |
| 76th | Serbia | 20.97% | 74.2% |
| 77th | Lebanon | 21.05% | -39.0% |
| 78th | Nicaragua | 21.39% | 3.2% |
| 79th | Ecuador | 21.86% | -4.5% |
| 80th | Nigeria | 21.91% | 42.4% |
| 81st | Dominican Republic | 22.04% | 16.4% |
| 82nd | Tonga | 22.82% | 106.6% |
| 83rd | Türkiye | 23.43% | 12.1% |
| 84th | Sri Lanka | 23.71% | 47.5% |
| 85th | Indonesia | 24.69% | 21.7% |
| 86th | Côte d'Ivoire | 24.73% | 23.3% |
| 87th | Tunisia | 26.17% | 8.5% |
| 88th | Georgia | 26.56% | 27.4% |
| 89th | Brazil | 26.74% | -50.1% |
| 90th | Benin | 26.81% | 48.1% |
| 91st | Kenya | 27.22% | 28.9% |
| 92nd | Angola | 28.91% | -13.6% |
| 93rd | Dominica | 29.42% | 29.3% |
| 94th | Montenegro | 29.80% | 55.7% |
| 95th | Zambia | 30.47% | 270.5% |
| 96th | Jamaica | 31.85% | -16.3% |
| 97th | Mongolia | 32.04% | 1.3% |
| 98th | Uzbekistan | 36.04% | 10.5% |
| 99th | Argentina | 38.25% | -25.5% |
| 100th | Pakistan | 39.54% | -9.3% |
| 101st | Senegal | 41.81% | 38.2% |
| 102nd | Colombia | 43.00% | 17.1% |
| 103rd | Papua New Guinea | 43.34% | 2.6% |
| 104th | Mozambique | 46.51% | 0.8% |
| 105th | Kazakhstan | 48.43% | -3.6% |
| 106th | Egypt, Arab Republic of | 49.23% | 62.0% |
| 107th | Haiti | 63.16% | 892.8% |
| 108th | El Salvador | 96.20% | 15.8% |
FAQ
What was Madagascar's debt service in 2024?▾
Madagascar's debt service in 2024 was 7.17%. This ranked 19th globally.
How did Madagascar's debt service change in 2024?▾
Madagascar's debt service increased by 17.6% in 2024 compared to 2023.
Which country had the highest debt service in 2024?▾
El Salvador had the highest debt service in 2024 at 96.20%.
What is the debt service of Madagascar in 2024?▾
The debt service of Madagascar in 2024 was 7.17%. This ranked 19th globally.
How does 2024 compare to 2023 for Madagascar's debt service?▾
Madagascar's debt service went from 6.10% in 2023 to 7.17% in 2024, a 17.6% increase.
Related
2023
2025
All years
Full ranking 2024
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