Madagascar: Trade (% of GDP)
In , Madagascar's Trade (% of GDP) was 54.98.
That's down 10.1% from 2023, the highest value since .
The global average for this indicator in 2024 was 92.19 . Madagascar ranks #112 globally out of 160 reporting countries. Within Sub-Saharan Africa, it ranks #21 of 39.
Source: World Bank Open Data (NE.TRD.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
- 74.36
- Trough
- 49.01
- 1-year change
- -10.1%
- 5-year change
- -12.2%
- -2.6% / yr
- 10-year change
- -11.3%
- -1.2% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 54.9796 | |
| 61.1330 | |
| 70.5471 | |
| 55.2159 | |
| 49.0107 | |
| 62.6013 | |
| 67.8415 | |
| 65.3434 | |
| 60.8347 | |
| 61.2204 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Madagascar's Trade (% of GDP) in 2024?
- In 2024, Madagascar's Trade (% of GDP) was 54.98, according to World Bank Open Data.
- Is Madagascar's Trade (% of GDP) rising or falling?
- Madagascar's Trade (% of GDP) fell 10.1% from 2023 to 2024.
- How does Madagascar rank globally on Trade (% of GDP)?
- In 2024, Madagascar ranked #112 out of 160 countries reporting Trade (% of GDP).
- How does Madagascar's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2024 was 92.19, so Madagascar is below the world average. Within Sub-Saharan Africa, it ranks #21 of 39.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.