Madagascar - GDP per capita (current US$) 1960 - 2022
Madagascar's gdp per capita (current us$) is currently $505.04 USD (United States dollar) according to the most recent World Bank data for the country (2022).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Madagascar's gdp per capita (current us$) for 2022 was $505.04, a 0.33% increase from 2021, with a +$1 difference.
- In 2021 it was $503.35, a 8.86% increase from 2020, with a +$40 difference.
- In 2020 it was $462.40, a -9.74% increase from 2019.
- In 2019 it was $512.28, a -0.05% increase from 2018.
- In 2018 it was $512.54, a 1.80% increase from 2017.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), value for Madagascar is currently $335.75 (average of years with recorded data) with a lowest recorded value of $132.67 in 1960 and a highest value of $581.33 in 1980.For comparison, the world wide [World Bank] aggregate for 1960 was $456.83 and in 1980 it was $2,552.06. Essentially, in 1960, Madagascar contributed 29.04% to the world wide aggregate. While in 1980 it contributed 22.78% to the aggregate, recording a -21.56% increase in amounts contributed within the 20-year period. Nonetheless, the country recorded a 338.18% increase in gdp per capita (current us$) within the same period.
Similarly, from 1960 (when the lowest value was recorded) to 2022, Madagascar recorded a 280.67% increase in gdp per capita (current us$). The world aggregate recorded a 2,668.55% growth in the same period.
Madagascar's GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 1960 | $132.67 | |
| 1961 | $134.29 | 1.22% |
| 1962 | $138.36 | 3.03% |
| 1963 | $138.46 | 0.07% |
| 1964 | $142.54 | 2.94% |
| 1965 | $144.20 | 1.17% |
| 1966 | $151.65 | 5.16% |
| 1967 | $156.81 | 3.40% |
| 1968 | $164.53 | 4.92% |
| 1969 | $163.77 | -0.46% |
| 1970 | $167.46 | 2.25% |
| 1971 | $175.35 | 4.72% |
| 1972 | $190.27 | 8.50% |
| 1973 | $227.43 | 19.53% |
| 1974 | $255.94 | 12.54% |
| 1975 | $295.70 | 15.53% |
| 1976 | $274.27 | -7.25% |
| 1977 | $287.84 | 4.95% |
| 1978 | $316.29 | 9.88% |
| 1979 | $398.46 | 25.98% |
| 1980 | $581.33 | 45.89% |
| 1981 | $516.91 | -11.08% |
| 1982 | $505.22 | -2.26% |
| 1983 | $481.15 | -4.76% |
| 1984 | $390.01 | -18.94% |
| 1985 | $369.26 | -5.32% |
| 1986 | $410.64 | 11.20% |
| 1987 | $295.02 | -28.16% |
| 1988 | $284.60 | -3.53% |
| 1989 | $275.26 | -3.28% |
| 1990 | $330.84 | 20.19% |
| 1991 | $265.79 | -19.66% |
| 1992 | $294.29 | 10.72% |
| 1993 | $312.08 | 6.04% |
| 1994 | $262.15 | -16.00% |
| 1995 | $276.74 | 5.57% |
| 1996 | $344.46 | 24.47% |
| 1997 | $288.45 | -16.26% |
| 1998 | $288.64 | 0.06% |
| 1999 | $271.94 | -5.78% |
| 2000 | $285.47 | 4.97% |
| 2001 | $325.46 | 14.01% |
| 2002 | $310.93 | -4.46% |
| 2003 | $359.53 | 15.63% |
| 2004 | $277.51 | -22.81% |
| 2005 | $311.79 | 12.35% |
| 2006 | $330.52 | 6.01% |
| 2007 | $427.84 | 29.44% |
| 2008 | $522.83 | 22.20% |
| 2009 | $455.41 | -12.90% |
| 2010 | $459.38 | 0.87% |
| 2011 | $516.90 | 12.52% |
| 2012 | $504.17 | -2.46% |
| 2013 | $526.69 | 4.47% |
| 2014 | $517.14 | -1.81% |
| 2015 | $455.64 | -11.89% |
| 2016 | $464.62 | 1.97% |
| 2017 | $503.50 | 8.37% |
| 2018 | $512.54 | 1.80% |
| 2019 | $512.28 | -0.05% |
| 2020 | $462.40 | -9.74% |
| 2021 | $503.35 | 8.86% |
| 2022 | $505.04 | 0.33% |
Expand
Comparison with Countries in the Sub-Saharan Africa Region.
Among countries in the same World Bank Sub-Saharan Africa (SSA) region, Madagascar comes in 43rd with $505.04 gdp per capita (current us$).
- Within the same region, Gambia, The comes in 33rd with $840.01, gdp per capita (current us$).
- Mali comes in 34th with $833.30.
- Burkina Faso comes in 35th with $832.88.
- Guinea-Bissau comes in 36th with $775.83.
- Liberia comes in 37th with $754.53.
- Chad comes in 38th with $716.80.
- Malawi comes in 39th with $645.16.
- Congo, Dem. Rep. comes in 40th with $586.46.
- Mozambique comes in 41st with $541.45.
- Niger comes in 42nd with $533.03.
- Somalia comes in 44th with $461.78.
- Sierra Leone comes in 45th with $461.36.
- Central African Republic comes in 46th with $427.06.
- And Burundi comes in 47th with $238.44, gdp per capita (current us$).
GDP per capita (current US$), Top 10 Countries in the Sub-Saharan Africa Region.
Top 10 Countries in the Sub-Saharan Africa Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Seychelles | $15,874.50 | 2022 |
| 2 | Mauritius | $10,216.30 | 2022 |
| 3 | Gabon | $8,820.35 | 2022 |
| 4 | Botswana | $7,737.65 | 2022 |
| 5 | Equatorial Guinea | $7,053.47 | 2022 |
| 6 | South Africa | $6,776.48 | 2022 |
| 7 | Namibia | $4,911.33 | 2022 |
| 8 | Eswatini | $4,039.52 | 2022 |
| 9 | Cabo Verde | $3,902.59 | 2022 |
| 10 | Angola | $2,998.50 | 2022 |
Comparison with Countries in the Low income Group.
Among countries in the same World Bank Low income (LI) group, Madagascar comes in 19th with $505.04 gdp per capita (current us$).
- Within the same income group, Burkina Faso comes in 9th with $832.88, gdp per capita (current us$).
- Guinea-Bissau comes in 10th with $775.83.
- Liberia comes in 11th with $754.53.
- Chad comes in 12th with $716.80.
- Yemen, Rep. comes in 13th with $676.93.
- Malawi comes in 14th with $645.16.
- Congo, Dem. Rep. comes in 15th with $586.46.
- Mozambique comes in 16th with $541.45.
- Syrian Arab Republic comes in 17th with $537.21.
- Niger comes in 18th with $533.03.
- Somalia comes in 20th with $461.78.
- Sierra Leone comes in 21st with $461.36.
- Central African Republic comes in 22nd with $427.06.
- Afghanistan comes in 23rd with $363.67.
- And Burundi comes in 24th with $238.44, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the Low income Group.
Top 14 Countries in the Low income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Sudan | $1,102.15 | 2022 |
| 2 | South Sudan | $1,071.78 | 2015 |
| 3 | Ethiopia | $1,027.59 | 2022 |
| 4 | Rwanda | $966.33 | 2022 |
| 5 | Uganda | $964.22 | 2022 |
| 6 | Togo | $918.38 | 2022 |
| 7 | Gambia, The | $840.01 | 2022 |
| 8 | Mali | $833.30 | 2022 |
| 9 | Burkina Faso | $832.88 | 2022 |
| 10 | Guinea-Bissau | $775.83 | 2022 |
| 11 | Liberia | $754.53 | 2022 |
| 12 | Chad | $716.80 | 2022 |
| 13 | Yemen, Rep. | $676.93 | 2022 |
| 14 | Malawi | $645.16 | 2022 |