Madagascar's expense (current LCU) was 7.84 trillion in 2023, the latest year in the World Bank's World Development Indicators. That is up 204.03% from 2.58 trillion in 2013 (11.76% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 7.84 trillion | 2023 |
| Five years earlier | 4.51 trillion | 2018 |
| Ten years earlier | 2.58 trillion | 2013 |
| Highest | 7.84 trillion | 2023 |
| Lowest | 760.75 billion | 2003 |
| Average since 2014 | 4.95 trillion | 2014–2023 |
| First recorded | 760.75 billion |
What the numbers say
In 2023, Madagascar's expense (current LCU) rose 25.7% on 2022 (from 6.24 trillion to 7.84 trillion).
Across the 19 yearly changes before that (2004 to 2022), the average change was +12.2% and a typical year strayed about 10.8% from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 35.1% in 2004 and the biggest yearly fall was 16.3% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2014 to 2023 the straight-line trend is upward, about 497.84 billion a year. A straight line explains 96% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about 8.49 trillion for 2026. We show this only because the same method, fitted on earlier years, predicted 2021 to 2023 better than "no change" would have: its average miss was 412.97 billion, against 819.17 billion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2023, Madagascar had the 13th highest value of the 80 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
Closest to Madagascar in the 2023 ranking
- Costa Rica — 10th of 80: 13.6 trillion
- Türkiye — 11th of 80: 8.95 trillion
- Côte d'Ivoire — 12th of 80: 8.76 trillion
- Mexico — 14th of 80: 7.16 trillion
- United States — 15th of 80: 6.8 trillion
- Sri Lanka — 16th of 80: 4.97 trillion
What this measures
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).
All 21 values
| Year | Expense (current LCU) |
|---|---|
| 2023 | 7,839,131,355,750 |
| 2022 | 6,238,020,890,180 |
| 2021 | 5,877,250,010,060 |
| 2020 | 5,832,295,420,559 |
| 2019 | 5,171,333,712,522 |
| 2018 | 4,511,708,508,297 |
| 2017 | 4,347,767,984,571 |
| 2016 | 3,506,793,415,650 |
| 2015 | 3,175,030,878,314 |
| 2014 | 2,979,526,800,000 |
Expense (current LCU) in nearby economies
- Angola — 5.06 trillion (2019)
- Botswana — 69.39 billion (2024)
- Burkina Faso — 2.39 trillion (2023)
- Burundi — 1 trillion (2021)
- Cabo Verde — 54.45 billion (2020)
- Cameroon — 3.1 trillion (2021)
- Central African Republic — 162.73 billion (2021)
- Congo, Dem. Rep. — 17.59 trillion (2022)
- Congo, Rep. — 1.33 trillion (2021)
- Côte d'Ivoire — 8.76 trillion (2023)
- Equatorial Guinea — 943.03 billion (2022)
- Eswatini
More public sector data for Madagascar
- Military expenditure (current USD) — 119.68 million (2025)
- Military expenditure (current LCU) — 542.69 billion (2025)
- Military expenditure (% of GDP) — 0.62% (2025)
- Military expenditure (% of general government expenditure) — 3.8% (2025)
- Armed forces personnel, total — 22,000 (2020)
- Armed forces personnel (% of total labor force) — 0.15% (2020)
- Grants and other revenue (current LCU) — 2.24 trillion (2024)
- Grants and other revenue (% of revenue) — 19.46% (2024)
- Revenue, excluding grants (current LCU) — 9.73 trillion (2024)
- Revenue, excluding grants (% of GDP)
Reading data like this
Questions people ask
- What is Madagascar's expense (current LCU)?
- 7.84 trillion in 2023, according to the World Bank (World Development Indicators).
- How has it changed since 2003?
- It is up 930.45% from 760.75 billion in 2003 (12.37% a year on average, compounded). The highest value was 7.84 trillion in 2023 and the lowest 760.75 billion in 2003.
- How does Madagascar rank?
- 13th highest of 80 economies with data for 2023.
Source
World Bank, World Development Indicators, indicator GC.XPN.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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