Madagascar Interest Payments to Revenue
Interest payments as % of revenue GC.XPN.INTP.RV.ZS
Madagascar's interest payments to revenue was 5.42% in 2025, ranked 57th globally. This represents a 0.1% increase from 2024. Data from World Bank, covering 1990–2025.
Overview
Madagascar's interest payments to revenue stood at 5.42% in 2025, a rise of +0.01pp from 2023. Based on recent trends, this figure is projected to reach 5.42% by 2025. Madagascar ranked 57th globally.
Madagascar’s interest payments as a share of revenue have fallen sharply from an early‑1990 level of 14.93% to a 2025 value of 5.42%, placing the country 57th globally. The dramatic peak of 65.70% in 1994 reflected a period of fiscal stress and high borrowing costs, while the all‑time trough of 4.08% in 2008 coincided with a brief window of lower debt service amid relatively modest revenue. Over the 28‑year coverage span, the downward trajectory has been steady, narrowing the gap with peers such as Romania (5.77%) and Poland (5.31%). The reduction suggests improved debt management and a broader tax base, yet the current level remains vulnerable to external shocks that could raise borrowing rates. Continued fiscal consolidation and diversification of revenue sources will be critical to sustain the declining trend and prevent a reversal toward higher interest‑to‑revenue ratios.
Data & projection
| Year | Interest Payments to Revenue | YoY change | Rank |
|---|---|---|---|
| 2026* trend | 5.48% | - | - |
| 2025* trend | 5.42% | - | - |
| 2025 | 5.42% | +0.01pp | #57 |
| 2023 | 5.41% | +0.60pp | #46 |
| 2022 | 4.82% | −0.60pp | #59 |
| 2021 | 5.41% | −0.16pp | #61 |
| 2020 | 5.57% | +0.82pp | #65 |
| 2019 | 4.75% | −0.70pp | #62 |
| 2018 | 5.45% | +0.26pp | #65 |
| 2017 | 5.19% | −0.48pp | #65 |
| 2016 | 5.67% | −0.61pp | #66 |
| 2015 | 6.28% | +2.10pp | #78 |
| 2014 | 4.18% | −0.07pp | #57 |
| 2013 | 4.26% | −1.30pp | #51 |
| 2012 | 5.55% | +0.17pp | #69 |
| 2011 | 5.39% | −0.35pp | #64 |
| 2010 | 5.74% | −1.24pp | #67 |
Detected Pattern
Analysis
Madagascar matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw interest payments to revenue improve within 24 months. View full analysis →
Frequently Asked Questions
Madagascar's interest payments to revenue was 5.42% in 2025. Ranked 57th globally. This represents a 0.1% increase from the previous year.
Madagascar's interest payments to revenue peaked at 65.70% in 1994.
The lowest interest payments to revenue in Madagascar was 4.08% in 2008.
Madagascar ranks 57th globally in interest payments to revenue as of 2025.
The World Bank indicator code is GC.XPN.INTP.RV.ZS. Data sourced from World Bank.
Madagascar's interest payments to revenue is projected to reach 5.42% by 2025 based on trend extrapolation.
The interest payments to revenue of Madagascar in 2025 was 5.42%. This ranks 57th in the world.
Cite this page
@misc{historysaid_madagascar_interest-to-revenue,
title = {Madagascar Interest Payments to Revenue},
url = {https://historysaid.com/madagascar/interest-to-revenue/},
publisher = {HistorySaid},
year = {2026}
}