Madagascar: Public and publicly guaranteed debt service (% of exports of goods, services and primary income)

Key figures

What the numbers say

In 2024, Madagascar's public and publicly guaranteed debt service (% of exports of goods, services and primary income) rose 0.69 percentage points on 2023 (from 4% to 4.69%).

Across the 30 yearly changes before that (1994 to 2023), the average change was −0.24 percentage points and a typical year strayed about 5.24 percentage points from that (the standard deviation). This year's change was 0.2 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 32.03 percentage points in 1977 and the biggest yearly fall was 31.27 percentage points in 1978. 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 there is no clear straight-line trend: a straight line explains 28% 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 2024, Madagascar had the 68th highest value of the 101 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

• Mali — 65th of 101: 4.92%
• Fiji — 66th of 101: 4.86%
• Lesotho — 67th of 101: 4.82%
• Albania — 69th of 101: 4.63%
• Papua New Guinea — 70th of 101: 4.59%
• Sudan — 71st of 101: 4.55%

What this measures

Public and publicly guaranteed debt service to exports of goods, services, and income. Public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.

Regional and income-group figures are computed by the World Bank as a weighted average.

All 51 values

Public and publicly guaranteed debt service (% of exports of goods, services and primary income) in nearby economies

• Angola — 26.22% (2024)
• Benin — 15.65% (2023)
• Botswana — 4.32% (2024)
• Burkina Faso — 4.19% (2024)
• Burundi — 5.54% (2024)
• Cabo Verde — 10.66% (2024)
• Cameroon — 15.84% (2024)
• Comoros

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

• Where to find free public data, and how to check it before you trust it — 2 min read
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• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

What is Madagascar's public and publicly guaranteed debt service (% of exports of goods, services and primary income)?

4.69% in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1974?

It is down 25.18 percentage points from 29.87% in 1974. The highest value was 43.42% in 1987 and the lowest 0.81% in 2007.

How does Madagascar rank?

68th highest of 101 economies with data for 2024.

Is the latest change in public and publicly guaranteed debt service (% of exports of goods, services and primary income) unusual for Madagascar?

Source

World Bank, World Development Indicators, indicator DT.TDS.DPPG.XP.ZS, licensed CC BY 4.0. Original source: International Debt Statistics, World Bank (WB), uri: https://www.worldbank.org/en/programs/debt-statistics 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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