Paying $1 every second would take 309 years to clear the balance.
DebtClock.io
National Debt of Madagascar
44,169,774,015,289 Ar
Updated: - Data from IMF/World Bank/ECB
Debt as % of GDP
56.03%
Latest year: 2024
Debt (nominal)
44,169,774,015,289 Ar
MGA / USD toggle below
GDP (nominal)
78,836,585,959,071 Ar
Latest year: 2024
Population
27,691,019
Latest year: 2024
Interest per Year
1,325,093,220,459 Ar
≈ 41,990 Ar / second
Debt per Citizen
1,595,094 Ar
Based on latest pop
Inflation (CPI, %)
9.87%
Year: 2023
GDP growth (%, real)
4.20%
Year: 2024
Unemployment (%)
3.01%
Year: 2024
Budget balance (% GDP)
-5.10%
Year: 2023
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Toggle between local currency (MGA) and USD using latest snapshot FX.
Historical Trends
Debt-to-GDP (%)
Inflation (CPI, %)
GDP growth (% real)
Unemployment (%)
Budget balance (% of GDP)
Madagascar Economy Snapshot
The economy of Madagascar shows mixed signals, with a nominal GDP of 78.8 trillion Ar and average income of about 2,847,009 Ar per person. Elevated inflation at 9.87%, while the economy posted solid growth of 4.20%. Very low unemployment around 3.01%, and the government runs a substantial 5.10% fiscal deficit. The current exchange rate is 0.00 USD/MGA.
| GDP (nominal) | 78,836,585,959,071 Ar |
|---|---|
| GDP per capita | 2,847,009 Ar |
| Inflation | 9.87% |
| GDP growth | 4.20% |
| Unemployment | 3.01% |
| Budget balance | -5.10% |
| FX (USD/MGA) | 0.00 |
Madagascar Economy Facts
That’s like buying 325,345 new cars at $30,000 each.
Debt per citizen: about $352 for a population of 27,691,019.
