Madagascar's personal transfers, receipts (current US$, BoP) was US$572.2 million in 2025, the latest year in the World Bank's World Development Indicators. That is up 83.82% from US$311.28 million in 2015 (6.28% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$572.2 million | 2025 |
| Five years earlier | US$468.94 million | 2020 |
| Ten years earlier | US$311.28 million | 2015 |
| Highest | US$572.2 million | 2025 |
| Lowest | US$114,372 | 1982 |
| Average since 2016 | US$382.02 million | 2016–2025 |
| First recorded | US$325,628 |
What the numbers say
In 2025, Madagascar's personal transfers, receipts (current US$, BoP) rose 57.5% on 2024 (from US$363.22 million to US$572.2 million).
Across the 30 yearly changes before that (1988 to 2024), the average change was +79.5% and a typical year strayed about 376.3% from that (the standard deviation). This year's change was 0.1 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 4,752.1% in 1984 and the biggest yearly fall was 48.2% in 2004. 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 21% 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 63rd highest value of the 109 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$572.2 million | 2025 |
| World | US$567.33 billion | 2023 |
| Sub-Saharan Africa | US$54.16 billion | 2024 |
| Low income | US$11.87 billion | 2023 |
Closest to Madagascar in the 2025 ranking
- Cyprus — 59th of 109: US$719.96 million
- Iraq — 60th of 109: US$687.2 million
- Gambia, The — 61st of 109: US$608.35 million
- Panama — 63rd of 109: US$561.22 million
- Sweden — 64th of 109: US$473.33 million
- Montenegro — 65th of 109: US$470.58 million
What this measures
Personal transfers are current transfers, in cash or in kind, received by resident households from non-resident households. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 42 values
| Year | Personal transfers, receipts (current US$, BoP) |
|---|---|
| 2025 | 572,196,952 |
| 2024 | 363,223,852 |
| 2023 | 278,759,256 |
| 2022 | 353,505,078 |
| 2021 | 410,972,607 |
| 2020 | 468,938,805 |
| 2019 | 381,060,638 |
| 2018 | 395,136,539 |
| 2017 | 319,767,271 |
| 2016 | 276,617,087 |
Personal transfers, receipts (current US$, BoP) in nearby economies
- Angola — US$13.53 million (2025)
- Benin — US$313.86 million (2023)
- Botswana — US$143.36 million (2025)
- Burkina Faso — US$537.52 million (2024)
- Burundi — US$240.45 million (2025)
- Cabo Verde — US$338.3 million (2025)
- Cameroon — US$593.65 million (2024)
- Comoros — US$301.04 million (2023)
- Congo, Dem. Rep. — US$3.22 billion (2025)
- Congo, Rep.
More economic policy & debt data for Madagascar
- General government final consumption expenditure (current US$) — 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 personal transfers, receipts (current US$, BoP)?
- US$572.2 million in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1977?
- It is up 175,621% from US$325,628 in 1977 (16.84% a year on average, compounded). The highest value was US$572.2 million in 2025 and the lowest US$114,372 in 1982.
- How does Madagascar rank?
- 63rd highest of 109 economies with data for 2025.
- Is the latest change in personal transfers, receipts (current US$, BoP) unusual for Madagascar?
- In 2025, Madagascar's personal transfers, receipts (current US$, BoP) rose 57.5% on 2024 (from US$363.22 million to US$572.2 million). Across the 30 yearly changes before that (1988 to 2024), the average change was +79.5% and a typical year strayed about 376.3% from that (the standard deviation). This year's change was 0.1 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 BX.TRF.PWKR.CD, licensed CC BY 4.0. Original source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF) 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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