Madagascar: Exports of goods and services (% of GDP)
In , Madagascar's Exports of goods and services (% of GDP) was 23.26.
That's down 13.9% from 2023, the highest value since .
The global average for this indicator in 2024 was 44.26 . Madagascar ranks #120 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #25 of 39.
Source: World Bank Open Data (NE.EXP.GNFS.ZS) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 31.54
- Trough
- 20.14
- 1-year change
- -13.9%
- 5-year change
- -18.2%
- -3.9% / yr
- 10-year change
- -17.7%
- -1.9% / yr
Historical Data — Last 10 Years
| Year | Exports of goods and services (% of GDP) |
|---|---|
| 23.2625 | |
| 27.0030 | |
| 30.5433 | |
| 23.0916 | |
| 20.1421 | |
| 28.4244 | |
| 31.5360 | |
| 30.9026 | |
| 29.0926 | |
| 28.3906 |
About Exports of goods and services (% of GDP)
Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.EXP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Madagascar's Exports of goods and services (% of GDP) in 2024?
- In 2024, Madagascar's Exports of goods and services (% of GDP) was 23.26, according to World Bank Open Data.
- Is Madagascar's Exports of goods and services (% of GDP) rising or falling?
- Madagascar's Exports of goods and services (% of GDP) fell 13.9% from 2023 to 2024.
- How does Madagascar rank globally on Exports of goods and services (% of GDP)?
- In 2024, Madagascar ranked #120 out of 160 countries reporting Exports of goods and services (% of GDP).
- How does Madagascar's Exports of goods and services (% of GDP) compare to the world average?
- The global average for Exports of goods and services (% of GDP) in 2024 was 44.26, so Madagascar is below the world average. Within Sub-Saharan Africa, it ranks #25 of 39.
- What is Exports of goods and services (% of GDP) and how is it measured?
- Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.EXP.GNFS.ZS), CC BY 4.0.