Madagascar's industry, including construction, value added (constant LCU) was 6.41 trillion in 2025, the latest year in the World Bank's World Development Indicators. That is up 42.6% from 4.5 trillion in 2015 (3.61% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 6.41 trillion | 2025 |
| Five years earlier | 4.44 trillion | 2020 |
| Ten years earlier | 4.5 trillion | 2015 |
| Highest | 6.41 trillion | 2025 |
| Lowest | 2.35 trillion | 2002 |
| Average since 2016 | 5.46 trillion | 2016–2025 |
| First recorded | 2.83 trillion |
What the numbers say
In 2025, Madagascar's industry, including construction, value added (constant LCU) rose 4.5% on 2024 (from 6.14 trillion to 6.41 trillion).
Across the 29 yearly changes before that (1996 to 2024), the average change was +3.2% and a typical year strayed about 9.6% 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 19.7% in 2021 and the biggest yearly fall was 22.8% 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 166.36 billion a year. A straight line explains 65% 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 31st highest value of the 161 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
- Pakistan — 27th of 161: 7.43 trillion
- Kazakhstan — 28th of 161: 6.82 trillion
- Philippines — 29th of 161: 6.58 trillion
- Cameroon — 31st of 161: 6.17 trillion
- Guyana — 32nd of 161: 5.67 trillion
- Angola — 33rd of 161: 5.02 trillion
What this measures
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. 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 31 values
| Year | Industry, including construction, value added (constant LCU) |
|---|---|
| 2025 | 6,411,525,123,907 |
| 2024 | 6,135,706,351,065 |
| 2023 | 5,970,708,203,913 |
| 2022 | 5,659,132,855,456 |
| 2021 | 5,315,898,957,900 |
| 2020 | 4,440,113,944,800 |
| 2019 | 5,660,227,108,300 |
| 2018 | 5,234,751,545,000 |
| 2017 | 5,023,925,618,700 |
| 2016 | 4,732,164,043,000 |
Industry, including construction, value added (constant LCU) in nearby economies
- Angola — 5.02 trillion (2025)
- Benin — 2.13 trillion (2025)
- Botswana — 60.26 billion (2025)
- Burkina Faso — 2.5 trillion (2025)
- Burundi — 410.74 billion (2025)
- Cabo Verde — 24.96 billion (2025)
- Cameroon — 6.17 trillion (2025)
- Central African Republic — 164.74 billion (2025)
- Chad — 2.7 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 industry, including construction, value added (constant LCU)?
- 6.41 trillion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1995?
- It is up 126.53% from 2.83 trillion in 1995 (2.76% a year on average, compounded). The highest value was 6.41 trillion in 2025 and the lowest 2.35 trillion in 2002.
- How does Madagascar rank?
- 31st highest of 161 economies with data for 2025.
- Is the latest change in industry, including construction, value added (constant LCU) unusual for Madagascar?
- In 2025, Madagascar's industry, including construction, value added (constant LCU) rose 4.5% on 2024 (from 6.14 trillion to 6.41 trillion). Across the 29 yearly changes before that (1996 to 2024), the average change was +3.2% and a typical year strayed about 9.6% 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 NV.IND.TOTL.KN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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