Madagascar's manufacturing, value added (current LCU) was 10.45 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 282.15% from 2.73 trillion in 2014 (14.35% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 10.45 trillion | 2024 |
| Five years earlier | 5.15 trillion | 2019 |
| Ten years earlier | 2.73 trillion | 2014 |
| Highest | 10.45 trillion | 2024 |
| Lowest | 1.46 trillion | 2007 |
| Average since 2015 | 5.82 trillion | 2015–2024 |
| First recorded | 1.46 trillion |
What the numbers say
In 2024, Madagascar's manufacturing, value added (current LCU) rose 13% on 2023 (from 9.24 trillion to 10.45 trillion).
Across the 16 yearly changes before that (2008 to 2023), the average change was +12.8% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 0.0 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 35.8% in 2016 and the biggest yearly fall was 6.6% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about 793.83 billion a year. A straight line explains 91% 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 2024, Madagascar had the 3rd highest value of the 45 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 2024 ranking
- Iran, Islamic Rep. — 1st of 45: 44,316.8 trillion
- Japan — 2nd of 45: 119.35 trillion
- Türkiye — 4th of 45: 7.51 trillion
- Algeria — 5th of 45: 3.41 trillion
- Serbia — 6th of 45: 1.24 trillion
What this measures
Manufacturing includes industries classified in ISIC (Rev. 3) major division C and is defined as the physical or chemical transformation of materials or components into new products. 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 18 values
| Year | Manufacturing, value added (current LCU) |
|---|---|
| 2024 | 10,445,745,313,747 |
| 2023 | 9,244,202,409,608 |
| 2022 | 7,581,204,503,688 |
| 2021 | 6,250,555,411,300 |
| 2020 | 4,807,609,193,500 |
| 2019 | 5,149,479,553,100 |
| 2018 | 4,299,360,853,200 |
| 2017 | 3,772,551,047,300 |
| 2016 | 3,837,268,823,600 |
| 2015 | 2,825,936,288,600 |
Manufacturing, value added (current LCU) in nearby economies
- Angola — 8.78 trillion (2025)
- Benin — 1.45 trillion (2025)
- Botswana — 15.31 billion (2025)
- Burkina Faso — 1.06 trillion (2025)
- Burundi — 2.35 trillion (2025)
- Cabo Verde — 15.53 billion (2025)
- Cameroon — 5 trillion (2025)
- Central African Republic — 278.26 billion (2023)
- Chad — 761.6 billion (2024)
- Comoros — 56.78 billion (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 manufacturing, value added (current LCU)?
- 10.45 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2007?
- It is up 613.66% from 1.46 trillion in 2007 (12.25% a year on average, compounded). The highest value was 10.45 trillion in 2024 and the lowest 1.46 trillion in 2007.
- How does Madagascar rank?
- 3rd highest of 45 economies with data for 2024.
- Is the latest change in manufacturing, value added (current LCU) unusual for Madagascar?
- In 2024, Madagascar's manufacturing, value added (current LCU) rose 13% on 2023 (from 9.24 trillion to 10.45 trillion). Across the 16 yearly changes before that (2008 to 2023), the average change was +12.8% and a typical year strayed about 11.9% from that (the standard deviation). This year's change was 0.0 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.MANF.CN, 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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