Madagascar: Imports of goods and services (% of GDP)
In , Madagascar's Imports of goods and services (% of GDP) was 31.72.
That's down 7.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 47.94 . Madagascar ranks #106 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #19 of 39.
Source: World Bank Open Data (NE.IMP.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
- 46.65
- Trough
- 28.87
- 1-year change
- -7.1%
- 5-year change
- -7.2%
- -1.5% / yr
- 10-year change
- -5.8%
- -0.6% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 31.7171 | |
| 34.1300 | |
| 40.0038 | |
| 32.1242 | |
| 28.8686 | |
| 34.1769 | |
| 36.3055 | |
| 34.4408 | |
| 31.7421 | |
| 32.8297 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Madagascar's Imports of goods and services (% of GDP) in 2024?
- In 2024, Madagascar's Imports of goods and services (% of GDP) was 31.72, according to World Bank Open Data.
- Is Madagascar's Imports of goods and services (% of GDP) rising or falling?
- Madagascar's Imports of goods and services (% of GDP) fell 7.1% from 2023 to 2024.
- How does Madagascar rank globally on Imports of goods and services (% of GDP)?
- In 2024, Madagascar ranked #106 out of 160 countries reporting Imports of goods and services (% of GDP).
- How does Madagascar's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2024 was 47.94, so Madagascar is below the world average. Within Sub-Saharan Africa, it ranks #19 of 39.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to 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.IMP.GNFS.ZS), CC BY 4.0.