Madagascar's personal remittances, received (% of GDP) was 3.14% in 2025, the latest year in the World Bank's World Development Indicators. That is up 0.25 percentage points from 2.89% in 2015.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 3.14% | 2025 |
| Five years earlier | 3.8% | 2020 |
| Ten years earlier | 2.89% | 2015 |
| Highest | 4.57% | 2010 |
| Lowest | 0.00136% | 1979 |
| Average since 2016 | 2.79% | 2016–2025 |
| First recorded | 0.02% | 1974 |
What the numbers say
In 2025, Madagascar's personal remittances, received (% of GDP) rose 0.83 percentage points on 2024 (from 2.31% to 3.14%).
Across the 30 yearly changes before that (1995 to 2024), the average change was +0.06 percentage points and a typical year strayed about 0.62 percentage points from that (the standard deviation). This year's change was 1.2 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 1.62 percentage points in 2010 and the biggest yearly fall was 1.67 percentage points in 2011. 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 51st highest value of the 130 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 | 3.14% | 2025 |
| World | 0.81% | 2025 |
| Sub-Saharan Africa | 3.13% | 2024 |
| Low income | 3.43% | 2024 |
Closest to Madagascar in the 2025 ranking
What this measures
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 52 values
| Year | Personal remittances, received (% of GDP) |
|---|---|
| 2025 | 3.14 |
| 2024 | 2.31 |
| 2023 | 1.94 |
| 2022 | 2.51 |
| 2021 | 3.06 |
| 2020 | 3.8 |
| 2019 | 2.89 |
| 2018 | 3.09 |
| 2017 | 2.6 |
| 2016 | 2.53 |
| 2015 |
Personal remittances, received (% of GDP) in nearby economies
- Angola — 0.04% (2025)
- Benin — 1.72% (2023)
- Botswana — 0.83% (2025)
- Burkina Faso — 2.57% (2024)
- Burundi — 8.12% (2025)
- Cabo Verde — 11.67% (2025)
- Cameroon — 1.29% (2024)
- Comoros — 20.84% (2023)
- Congo, Dem. Rep. — 3.65% (2025)
- Congo, Rep. — 0.3% (2021)
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 personal remittances, received (% of GDP)?
- 3.14% in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 3.12 percentage points from 0.02% in 1974. The highest value was 4.57% in 2010 and the lowest 0.00136% in 1979.
- How does Madagascar rank?
- 51st highest of 130 economies with data for 2025.
- Is the latest change in personal remittances, received (% of GDP) unusual for Madagascar?
- In 2025, Madagascar's personal remittances, received (% of GDP) rose 0.83 percentage points on 2024 (from 2.31% to 3.14%). Across the 30 yearly changes before that (1995 to 2024), the average change was +0.06 percentage points and a typical year strayed about 0.62 percentage points from that (the standard deviation). This year's change was 1.2 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator BX.TRF.PWKR.DT.GD.ZS, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); IMF balance of payments data, International Monetary Fund (IMF); World Bank GDP estimates, World Bank (WB); OECD GDP estimates, Organisation for Economic Co-operation and Development (OECD) 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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