Madagascar's secondary income receipts (BoP, current US$) was US$1.32 billion in 2025, the latest year in the World Bank's World Development Indicators. That is up 98.26% from US$663.55 million in 2015 (7.08% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$1.32 billion | 2025 |
| Five years earlier | US$965.13 million | 2020 |
| Ten years earlier | US$663.55 million | 2015 |
| Highest | US$1.32 billion | 2025 |
| Lowest | US$63.85 million | 1974 |
| Average since 2016 | US$1 billion | 2016–2025 |
| First recorded | US$63.85 million |
What the numbers say
In 2025, Madagascar's secondary income receipts (BoP, current US$) rose 9.7% on 2024 (from US$1.2 billion to US$1.32 billion).
Across the 30 yearly changes before that (1995 to 2024), the average change was +12.1% and a typical year strayed about 32.4% 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 129.3% in 2003 and the biggest yearly fall was 47.6% in 1991. 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 US$47.44 million a year. A straight line explains 72% 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 94th highest value of the 132 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$1.32 billion | 2025 |
| World | US$1.66 trillion | 2024 |
| Sub-Saharan Africa | US$88.1 billion | 2024 |
| Low income | US$29.1 billion | 2023 |
Closest to Madagascar in the 2025 ranking
- Costa Rica — 91st of 132: US$1.39 billion
- Armenia — 92nd of 132: US$1.38 billion
- Bolivia — 93rd of 132: US$1.32 billion
- Mozambique — 95th of 132: US$1.22 billion
- Estonia — 96th of 132: US$1.19 billion
- Malawi — 97th of 132: US$1.13 billion
What this measures
Secondary income refers to transfers recorded in the balance of payments whenever an economy provides or receives goods, services, income, or financial items without a quid pro quo. All transfers not considered to be capital are current. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 52 values
| Year | Secondary income receipts (BoP, current US$) |
|---|---|
| 2025 | 1,315,544,425 |
| 2024 | 1,198,811,917 |
| 2023 | 974,717,078 |
| 2022 | 1,012,059,072 |
| 2021 | 1,066,994,549 |
| 2020 | 965,134,932 |
| 2019 | 873,812,474 |
| 2018 | 1,055,310,049 |
| 2017 | 827,401,077 |
| 2016 | 747,238,966 |
Secondary income receipts (BoP, current US$) in nearby economies
- Angola — US$23.42 million (2025)
- Benin — US$410.58 million (2023)
- Botswana — US$2.15 billion (2025)
- Burkina Faso — US$1.01 billion (2024)
- Burundi — US$539.23 million (2025)
- Cabo Verde — US$560.39 million (2025)
- Cameroon — US$1.33 billion (2024)
- Comoros — US$358.3 million (2023)
- Congo, Dem. Rep. — US$4.23 billion (2025)
- Congo, Rep. — US$17.12 million (2021)
More economic policy & debt data for Madagascar
- General government final consumption expenditure (current US$) — 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 secondary income receipts (BoP, current US$)?
- US$1.32 billion in 2025, according to the World Bank (World Development Indicators).
- How has it changed since 1974?
- It is up 1,960% from US$63.85 million in 1974 (6.11% a year on average, compounded). The highest value was US$1.32 billion in 2025 and the lowest US$63.85 million in 1974.
- How does Madagascar rank?
- 94th highest of 132 economies with data for 2025.
- Is the latest change in secondary income receipts (BoP, current US$) unusual for Madagascar?
- In 2025, Madagascar's secondary income receipts (BoP, current US$) rose 9.7% on 2024 (from US$1.2 billion to US$1.32 billion). Across the 30 yearly changes before that (1995 to 2024), the average change was +12.1% and a typical year strayed about 32.4% 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.CURR.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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