Madagascar's GDP per capita (constant 2015 US$) was US$456.51 in 2025, the latest year in the World Bank's World Development Indicators. That is up 2.51% from US$445.32 in 2015 (0.25% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$456.51 | 2025 |
| Five years earlier | US$422.92 | 2020 |
| Ten years earlier | US$445.32 | 2015 |
| Highest | US$844.49 | 1971 |
| Lowest | US$406.7 | 2002 |
| Average since 2016 | US$448.39 | 2016–2025 |
| First recorded | US$812.25 |
What the numbers say
In 2025, Madagascar's GDP per capita (constant 2015 US$) rose US$2.55 on 2024 (from US$453.96 to US$456.51).
Across the 30 yearly changes before that (1995 to 2024), the average change was −US$0.25 and a typical year strayed about US$19.02 from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$43.09 in 1979 and the biggest yearly fall was US$85.32 in 1981. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2016 to 2025 there is no clear straight-line trend: a straight line explains 2% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
How it compares
In 2025, Madagascar had the 185th highest value of the 186 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.
| Value | Year | |
|---|---|---|
| Madagascar | US$456.51 | 2025 |
| World | US$12,131 | 2025 |
| Sub-Saharan Africa | US$1,615 | 2025 |
| Low income | US$719.74 | 2025 |
Closest to Madagascar in the 2025 ranking
- Congo, Dem. Rep. — 181st of 186: US$567.56
- Malawi — 182nd of 186: US$548.16
- Somalia, Fed. Rep. — 183rd of 186: US$465.44
- Central African Republic — 185th of 186: US$393.99
- Burundi — 186th of 186: US$273.43
What this measures
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 66 values
| Year | GDP per capita (constant 2015 US$) |
|---|---|
| 2025 | 456.51 |
| 2024 | 453.96 |
| 2023 | 445.87 |
| 2022 | 438.44 |
| 2021 | 431.6 |
| 2020 | 422.92 |
| 2019 | 467.28 |
| 2018 | 459.33 |
| 2017 | 456.85 |
| 2016 | 451.16 |
| 2015 |
GDP per capita (constant 2015 US$) in nearby economies
- Angola — US$2,801 (2025)
- Benin — US$1,398 (2025)
- Botswana — US$6,791 (2025)
- Burkina Faso — US$786.97 (2025)
- Burundi — US$273.43 (2025)
- Cabo Verde — US$4,696 (2025)
- Cameroon — US$1,489 (2025)
- Central African Republic — US$393.99 (2025)
- Chad — US$873.53 (2025)
- Comoros — US$1,428 (2025)
- Congo, Dem. Rep.
More economic policy & debt data for Madagascar
- General government final consumption expenditure (current US$) — US$2.87 billion (2025)
- General government final consumption expenditure (current LCU) — 12.99 trillion (2025)
- General government final consumption expenditure (constant 2015 US$) — US$1.53 billion (2025)
- General government final consumption expenditure (constant LCU) — 2.01 trillion (2025)
- General government final consumption expenditure (% of GDP) — 14.61% (2025)
- Households and NPISHs final consumption expenditure (current US$) — US$14.29 billion (2025)
- Households and NPISHs final consumption expenditure (current LCU) — 64.71 trillion (2025)
- Households and NPISHs final consumption expenditure (constant 2015 US$)
Reading data like this
Questions people ask
- What is Madagascar's GDP per capita (constant 2015 US$)?
- US$456.51 in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is down 43.8% from US$812.25 in 1960 (0.88% a year on average, compounded). The highest value was US$844.49 in 1971 and the lowest US$406.7 in 2002.
- How does Madagascar rank?
- 185th highest of 186 economies with data for 2025.
- Is the latest change in GDP per capita (constant 2015 US$) unusual for Madagascar?
- In 2025, Madagascar's GDP per capita (constant 2015 US$) rose US$2.55 on 2024 (from US$453.96 to US$456.51). Across the 30 yearly changes before that (1995 to 2024), the average change was −US$0.25 and a typical year strayed about US$19.02 from that (the standard deviation). This year's change was 0.1 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator NY.GDP.PCAP.KD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB) 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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