Madagascar Gross Savings
Gross savings as % of GDP NY.GNS.ICTR.ZS
Madagascar's gross savings was 17.46% in 2025, ranked 112th globally. This represents a 3.5% increase from 2024. Data from World Bank, covering 1974–2025.
Overview
Madagascar's gross savings stood at 17.46% in 2025, a rise of +0.58% from 2024. The IMF projects 17.46% by 2025. Madagascar ranked 112th globally.
Madagascar’s gross savings rate has risen markedly since the low of 1.15 percent recorded in 1979, climbing to a peak of 40.08 percent in 1989 before moderating to 5.51 percent in 1974 and stabilising at 17.46 percent in 2025, ranking it 112th globally. The post‑peak decline reflects structural adjustments and periods of fiscal restraint, while the recent level is comparable to peers such as Cameroon (17.76 percent) and Poland (17.35 percent), suggesting a convergence toward middle‑income benchmarks. Over the 52‑year series, the trajectory indicates that savings have become a more significant component of national income, yet the gap between the 1989 high and current figures points to persistent challenges in mobilising domestic resources for investment. Continued improvements in financial sector depth, macro‑economic stability and policy incentives for private accumulation could sustain the upward momentum, potentially lifting Madagascar’s gross savings rate above the regional average in the coming decade.
Data & projection
| Year | Gross Savings | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | 19.90% | - | - |
| 2029* IMF | 19.81% | - | - |
| 2028* IMF | 19.41% | - | - |
| 2027* IMF | 19.03% | - | - |
| 2026* IMF | 17.84% | - | - |
| 2025* IMF | 17.46% | - | - |
| 2025 | 17.46% | +0.58% | #112 |
| 2024 | 16.87% | +1.02% | #120 |
| 2023 | 15.85% | −0.95% | #131 |
| 2022 | 16.44% | +4.98% | #133 |
| 2021 | 12.48% | +0.14% | #159 |
| 2020 | 8.18% | −12.22% | #164 |
| 2019 | 16.40% | −5.02% | #141 |
| 2018 | 18.55% | +3.17% | #119 |
| 2017 | 15.12% | −1.72% | #142 |
| 2016 | 16.10% | +1.73% | #134 |
| 2015 | 12.90% | −3.32% | #149 |
| 2014 | 14.49% | +4.48% | #138 |
| 2013 | 8.31% | −4.39% | #158 |
| 2012 | 12.88% | −3.74% | #142 |
| 2011 | 15.52% | −2.56% | #131 |
Detected Pattern
Analysis
Madagascar matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw gross savings improve within 24 months. View full analysis →
Frequently Asked Questions
Madagascar's gross savings was 17.46% in 2025. Ranked 112th globally. This represents a 3.5% increase from the previous year.
Madagascar's gross savings peaked at 40.08% in 1989.
The lowest gross savings in Madagascar was 1.15% in 1979.
Madagascar ranks 112th globally in gross savings as of 2025.
The World Bank indicator code is NY.GNS.ICTR.ZS. Data sourced from World Bank.
Madagascar's gross savings is projected to reach 17.46% by 2025 based on IMF projection.
The gross savings of Madagascar in 2025 was 17.46%. This ranks 112th in the world.
Cite this page
@misc{historysaid_madagascar_gross-savings,
title = {Madagascar Gross Savings},
url = {https://historysaid.com/madagascar/gross-savings/},
publisher = {HistorySaid},
year = {2026}
}