Madagascar Government Debt to GDP
General government gross debt as % of GDP GGXWDG_NGDP
Overview
Madagascar's government debt to gdp stood at 49.75% in 2025, a decline of +0.58% from 2024. The IMF projects 49.75% by 2025. Madagascar ranked 103rd globally.
Data & projection
| Year | Government Debt to GDP | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 49.54% | - | - |
| 2029* IMF | 51.66% | - | - |
| 2028* IMF | 51.58% | - | - |
| 2027* IMF | 51.37% | - | - |
| 2026* IMF | 50.95% | - | - |
| 2025* IMF | 49.75% | - | - |
| 2025 | 49.75% | −0.58% | #103 |
| 2024 | 50.33% | −2.33% | #82 |
| 2023 | 52.66% | +2.77% | #92 |
| 2022 | 49.89% | +0.45% | #79 |
| 2021 | 49.44% | −3.43% | #71 |
| 2020 | 52.87% | +11.62% | #84 |
| 2019 | 41.25% | −1.64% | #73 |
| 2018 | 42.90% | +2.77% | #79 |
| 2017 | 40.13% | −0.15% | #70 |
| 2016 | 40.28% | −3.78% | #71 |
| 2015 | 44.06% | +6.21% | #92 |
| 2014 | 37.85% | +1.61% | #83 |
| 2013 | 36.24% | +5.81% | #85 |
| 2012 | 30.44% | +0.49% | #70 |
| 2011 | 29.95% | −2.39% | #69 |
Detected Pattern
Analysis
Madagascar matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw government debt to gdp improve within 24 months. View full analysis →
Frequently Asked Questions
Madagascar's government debt to gdp was 49.75% in 2025. Ranked 103rd globally. This represents a 1.2% decrease from the previous year.
Madagascar's government debt to gdp peaked at 113.84% in 1991.
The lowest government debt to gdp in Madagascar was 28.21% in 2007.
Madagascar ranks 103rd globally in government debt to gdp as of 2025.
The World Bank indicator code is GGXWDG_NGDP. Data sourced from IMF WEO.
Madagascar's government debt to gdp is projected to reach 49.75% by 2025 based on IMF projection.
The government debt to gdp of Madagascar in 2025 was 49.75%. This ranks 103rd in the world.
Cite this page
@misc{historysaid_madagascar_government-debt-to-gdp,
title = {Madagascar Government Debt to GDP},
url = {https://historysaid.com/madagascar/government-debt-to-gdp},
publisher = {HistorySaid},
year = {2026}
}