Madagascar's gross capital formation (constant LCU) was 10.04 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 95.02% from 5.15 trillion in 2015 (6.91% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.04 trillion | 2025 |
| Five years earlier | 7.29 trillion | 2020 |
| Ten years earlier | 5.15 trillion | 2015 |
| Highest | 10.04 trillion | 2025 |
| Lowest | 681.41 billion | 1962 |
| Average since 2016 | 7.51 trillion | 2016–2025 |
| First recorded | 911.75 billion |
What the numbers say
In 2025, Madagascar's gross capital formation (constant LCU) rose 9.3% on 2024 (from 9.19 trillion to 10.04 trillion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +9.3% and a typical year strayed about 20.7% from that (the standard deviation). This year's change was 0.0 standard deviations below 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 73.5% in 1979 and the biggest yearly fall was 36.4% in 2002. 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 the straight-line trend is upward, about 349.67 billion a year. A straight line explains 57% 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.
How it compares
In 2025, Madagascar had the 21st highest value of the 123 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 2025 ranking
- Côte d'Ivoire — 17th of 123: 14.04 trillion
- Hungary — 18th of 123: 11.56 trillion
- Bangladesh — 19th of 123: 10.53 trillion
- Costa Rica — 21st of 123: 9.46 trillion
- Rwanda — 22nd of 123: 7.64 trillion
- Senegal — 23rd of 123: 6.54 trillion
What this measures
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. 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 varies by country. This series is expressed in local currency units.
All 66 values
| Year | Gross capital formation (constant LCU) |
|---|---|
| 2025 | 10,042,485,223,695 |
| 2024 | 9,186,096,204,619 |
| 2023 | 7,008,699,845,157 |
| 2022 | 7,545,035,703,411 |
| 2021 | 6,812,750,089,100 |
| 2020 | 7,286,119,625,500 |
| 2019 | 8,210,684,809,400 |
| 2018 | 7,764,686,087,900 |
| 2017 | 5,427,108,475,600 |
| 2016 | 5,861,140,730,000 |
Gross capital formation (constant LCU) in nearby economies
- Angola — 2.64 trillion (2024)
- Benin — 3.53 trillion (2025)
- Botswana — 64.6 billion (2024)
- Burkina Faso — 3.1 trillion (2025)
- Cabo Verde — 55.5 billion (2025)
- Cameroon — 5.49 trillion (2025)
- Central African Republic — 110.67 billion (2025)
- Chad — 2.14 trillion (2025)
- Comoros — 100.52 billion (2025)
- Congo, Dem. Rep. — 6.22 trillion (2025)
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 gross capital formation (constant LCU)?
- 10.04 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1960?
- It is up 1,001% from 911.75 billion in 1960 (3.76% a year on average, compounded). The highest value was 10.04 trillion in 2025 and the lowest 681.41 billion in 1962.
- How does Madagascar rank?
- 21st highest of 123 economies with data for 2025.
- Is the latest change in gross capital formation (constant LCU) unusual for Madagascar?
- In 2025, Madagascar's gross capital formation (constant LCU) rose 9.3% on 2024 (from 9.19 trillion to 10.04 trillion). Across the 30 yearly changes before that (1995 to 2024), the average change was +9.3% and a typical year strayed about 20.7% from that (the standard deviation). This year's change was 0.0 standard deviations below 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 NE.GDI.TOTL.KN, 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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