Madagascar - External Debt 2025
$7.3B
+$600.0M from 2024
Madagascar's external debt was $7.3B in 2025, increased +$600.0M from $6.7B in 2024. This was the 74th highest globally.
Global Ranking - 2025▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | China | $2.46T | 1.8% |
| 2nd | India | $732.9B | 2.3% |
| 3rd | Brazil | $627.1B | 3.6% |
| 4th | Mexico | $581.3B | -1.7% |
| 5th | Türkiye | $537.9B | 4.4% |
| 6th | Indonesia | $407.3B | -3.3% |
| 7th | Russian Federation | $346.1B | -8.0% |
| 8th | Argentina | $243.2B | 0.4% |
| 9th | Colombia | $216.8B | 7.5% |
| 10th | Ukraine | $205.9B | 6.4% |
| 11th | Thailand | $196.6B | 2.5% |
| 12th | Egypt, Arab Republic of | $173.9B | 11.5% |
| 13th | South Africa | $170.9B | -2.9% |
| 14th | Kazakhstan | $167.2B | -0.2% |
| 15th | Philippines | $143.9B | 5.1% |
| 16th | Viet Nam | $140.8B | 5.9% |
| 17th | Pakistan | $134.6B | 3.7% |
| 18th | Bangladesh | $115.1B | 10.2% |
| 19th | Nigeria | $114.2B | 5.0% |
| 20th | Peru | $101.1B | 8.4% |
| 21st | Uzbekistan | $78.4B | 11.5% |
| 22nd | Mozambique | $72.5B | 3.9% |
| 23rd | Morocco | $69.2B | 1.8% |
| 24th | Lebanon | $66.2B | -1.7% |
| 25th | Ecuador | $62.9B | 4.2% |
| 26th | Sri Lanka | $58.9B | 3.6% |
| 27th | Dominican Republic | $57.8B | 8.4% |
| 28th | Serbia | $55.9B | 7.6% |
| 29th | Angola | $54.9B | -6.4% |
| 30th | Senegal | $54.1B | 14.7% |
| 31st | Bulgaria | $53.3B | 12.8% |
| 32nd | Jordan | $48.7B | 3.7% |
| 33rd | Kenya | $44.7B | 4.3% |
| 34th | Côte d'Ivoire | $43.9B | 8.3% |
| 35th | Tunisia | $40.7B | 0.6% |
| 36th | Tanzania | $39.3B | 8.0% |
| 37th | Ghana | $38.7B | 3.5% |
| 38th | Mongolia | $38.1B | 0.3% |
| 39th | Belarus | $32.9B | -4.0% |
| 40th | Paraguay | $31.6B | 5.5% |
| 41st | Zambia | $28.2B | 0.3% |
| 42nd | Guatemala | $27.2B | 0.4% |
| 43rd | Georgia | $26.6B | 5.8% |
| 44th | El Salvador | $26.2B | 5.0% |
| 45th | Cambodia | $23.5B | 12.0% |
| 46th | Mauritius | $22.9B | 12.6% |
| 47th | Uganda | $21.6B | 5.3% |
| 48th | Sudan | $21.6B | -2.0% |
| 49th | Armenia | $17.6B | 7.3% |
| 50th | Lao PDR | $17.0B | -5.0% |
| 51st | Bolivia, Plurinational State of | $16.1B | 2.7% |
| 52nd | Nicaragua | $16.1B | 3.8% |
| 53rd | Cameroon | $15.9B | 0.9% |
| 54th | Iraq | $15.7B | -10.7% |
| 55th | Benin | $15.3B | 8.3% |
| 56th | Jamaica | $15.3B | 3.3% |
| 57th | Zimbabwe | $15.0B | 4.1% |
| 58th | Honduras | $14.8B | 3.2% |
| 59th | Rwanda | $13.9B | 6.2% |
| 60th | Bosnia and Herzegovina | $13.8B | -0.9% |
| 61st | North Macedonia | $13.7B | 6.7% |
| 62nd | Congo, Democratic Republic of | $13.7B | 9.7% |
| 63rd | Papua New Guinea | $12.8B | -0.8% |
| 64th | Azerbaijan | $12.2B | 0.3% |
| 65th | Kyrgyz Republic | $12.0B | 2.7% |
| 66th | Moldova | $11.6B | 10.5% |
| 67th | Iran, Islamic Republic of | $11.4B | 17.6% |
| 68th | Albania | $11.0B | 2.8% |
| 69th | Burkina Faso | $11.0B | 1.0% |
| 70th | Nepal | $10.9B | 7.4% |
| 71st | Myanmar | $10.8B | -3.5% |
| 72nd | Montenegro | $7.9B | -9.5% |
| 73rd | Algeria | $7.8B | 13.0% |
| 74th | Madagascar | $7.3B | 9.0% |
| 75th | Yemen, Republic of | $7.2B | 1.2% |
| 76th | Gabon | $7.0B | 2.2% |
| 77th | Tajikistan | $6.8B | -2.5% |
| 78th | Mali | $6.7B | 3.6% |
| 79th | Congo, Republic of | $6.2B | -8.2% |
| 80th | Niger | $5.8B | 9.7% |
| 81st | Guinea | $5.8B | 6.9% |
| 82nd | Syrian Arab Republic | $4.8B | 1.1% |
| 83rd | Kosovo | $4.8B | 9.2% |
| 84th | Maldives | $4.7B | -0.3% |
| 85th | Togo | $4.4B | 3.2% |
| 86th | Fiji | $4.3B | 11.1% |
| 87th | Suriname | $4.3B | 5.2% |
| 88th | Guyana | $4.0B | 9.8% |
| 89th | Mauritania | $4.0B | -9.8% |
| 90th | Malawi | $4.0B | 5.8% |
| 91st | Djibouti | $3.6B | 5.1% |
| 92nd | Afghanistan | $3.5B | 4.6% |
| 93rd | Bhutan | $3.4B | -1.1% |
| 94th | Chad | $3.2B | -5.2% |
| 95th | Turkmenistan | $2.7B | -17.6% |
| 96th | Botswana | $2.5B | 8.1% |
| 97th | Liberia | $2.5B | 9.9% |
| 98th | Sierra Leone | $2.4B | 3.6% |
| 99th | Cabo Verde | $2.4B | 1.0% |
| 100th | Lesotho | $1.8B | 0.9% |
| 101st | Gambia, The | $1.7B | 4.4% |
| 102nd | Haiti | $1.6B | 67.5% |
| 103rd | Somalia, Fed. Rep. | $1.6B | -13.6% |
| 104th | Belize | $1.5B | -0.9% |
| 105th | Guinea-Bissau | $1.5B | 7.1% |
| 106th | Eswatini | $1.4B | 9.3% |
| 107th | St. Lucia | $1.3B | 8.7% |
| 108th | Burundi | $1.2B | 13.5% |
| 109th | Central African Republic | $1.1B | 6.4% |
| 110th | St. Vincent and the Grenadines | $881.5M | 9.3% |
| 111th | Grenada | $878.6M | 1.8% |
| 112th | Eritrea | $666.3M | -3.9% |
| 113th | Solomon Islands | $662.4M | 11.1% |
| 114th | Dominica | $628.2M | 10.3% |
| 115th | Vanuatu | $520.3M | 0.1% |
| 116th | Comoros | $414.7M | 7.5% |
| 117th | Samoa | $384.9M | -2.5% |
| 118th | Timor-Leste | $327.2M | 10.3% |
| 119th | São Tomé and Principe | $319.8M | -2.0% |
| 120th | Tonga | $178.6M | 3.1% |
FAQ
What was Madagascar's external debt in 2025?▾
Madagascar's external debt in 2025 was $7.3B. This ranked 74th globally.
How did Madagascar's external debt change in 2025?▾
Madagascar's external debt increased by 9.0% in 2025 compared to 2024.
Which country had the highest external debt in 2025?▾
China had the highest external debt in 2025 at $2.46T.
What is the external debt of Madagascar in 2025?▾
The external debt of Madagascar in 2025 was $7.3B. This ranked 74th globally.
What was Madagascar's external debt in billion in 2025?▾
Madagascar's external debt in 2025 was approximately 7.25 billion ($7.3B).
How does 2025 compare to 2024 for Madagascar's external debt?▾
Madagascar's external debt went from $6.7B in 2024 to $7.3B in 2025, a 9.0% increase.
Related
2024
All years
Full ranking 2025
External Debt to GNI
Short-term Debt
Debt Service
Domestic Credit
Interest Payments to Revenue
Peak: 2025
Lowest: 1976
External Debt 1990s
External Debt 2000s
External Debt 2010s
External Debt 2020s
Highest ever
Lowest ever
Average
vs Malawi
vs Central African Republic
vs Eritrea
vs Mozambique
African Union External Debt
Global Ranking