Madagascar: Services, value added (current US$)

Key figures

What the numbers say

In 2025, Madagascar's services, value added (current US$) rose 10.5% on 2024 (from US$8.67 billion to US$9.58 billion).

Across the 30 yearly changes before that (1979 to 2024), the average change was +7.6% and a typical year strayed about 13.9% 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 40.3% in 1996 and the biggest yearly fall was 20% 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 the straight-line trend is upward, about US$323.15 million a year. A straight line explains 84% 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 118th highest value of the 158 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 2025 ranking

• Mauritius — 114th of 158: US$10.32 billion
• Guinea — 115th of 158: US$10.13 billion
• Nicaragua — 116th of 158: US$10.05 billion
• Mozambique — 118th of 158: US$9.39 billion
• Gabon — 119th of 158: US$9.07 billion
• Congo, Rep. — 120th of 158: US$8.85 billion

What this measures

Services industries correspond to ISIC (Rev. 4) divisions 45-99 and includes wholesale and retail trade, repair of motor vehicles, hotels and restaurants, transport, storage and communication, financial intermediation, real estate, renting and business activities, public administration and defence, compulsory social security, education, health and social work, other community, social and personal service activities, private households with employed persons, and extra-territorial organizations and bodies. 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 indicator is expressed in United States dollars.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 45 values

Services, value added (current US$) in nearby economies

• Angola — US$57.21 billion (2025)
• Benin — US$12.3 billion (2025)
• Botswana — US$12.88 billion (2025)
• Burkina Faso — US$11.47 billion (2025)
• Burundi — US$1.42 billion (2025)
• Cabo Verde — US$2.08 billion (2025)
• Cameroon — US$29.68 billion (2025)
• Central African Republic — US$1.27 billion (2025)
• Chad — US$7.28 billion (2025)
• Comoros — US$885.92 million (2025)
• Congo, Dem. 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

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Questions people ask

What is Madagascar's services, value added (current US$)?

US$9.58 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 1966?

It is up 1,830% from US$496.43 million in 1966 (5.14% a year on average, compounded). The highest value was US$9.58 billion in 2025 and the lowest US$496.43 million in 1966.

How does Madagascar rank?

118th highest of 158 economies with data for 2025.

Is the latest change in services, value added (current US$) unusual for Madagascar?

In 2025, Madagascar's services, value added (current US$) rose 10.5% on 2024 (from US$8.67 billion to US$9.58 billion). Across the 30 yearly changes before that (1979 to 2024), the average change was +7.6% and a typical year strayed about 13.9% 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.

Source

World Bank, World Development Indicators, indicator NV.SRV.TOTL.CD, 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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