Fiatmap

MacroMadagascar

Government debt in Madagascar

How indebted is the state my taxes would go to?

Madagascar's government debt is 47.70 % — #51 of 125 countries on the atlas (lower is better). Period 2025.

47.70%

Checked 24 Oct 2026Period 2025

Source: IMF World Economic Outlook (general government gross debt, % of GDP)

The central government owes about 0.5 years' worth of the country's entire economic output.

Government debt in Madagascar over time

113.80 %71.00 %28.20 %113.80 % · 199128.20 % · 20071990: 92.70 %1991: 113.80 %1992: 110.90 %1993: 105.20 %1994: 96.00 %1995: 95.80 %1996: 98.70 %1997: 89.70 %1998: 108.50 %1999: 104.10 %2000: 90.20 %2001: 82.10 %2002: 86.70 %2003: 85.90 %2004: 81.90 %2005: 74.40 %2006: 32.20 %2007: 28.20 %2008: 31.00 %2009: 34.90 %2010: 32.30 %2011: 29.90 %2012: 30.40 %2013: 36.20 %2014: 37.80 %2015: 44.10 %2016: 40.30 %2017: 40.10 %2018: 42.90 %2019: 41.30 %2020: 52.90 %2021: 49.40 %2022: 49.80 %2023: 52.10 %2024: 49.80 %2025: 47.70 %19902008202547.70 %
36 official observations, 1990 → 2025. Every point is a published value — never interpolated.
Rank
#51 of 125
lower is better
Ranked behind
59 %
74 of 125 countries
Latest move
▼ 2.10 pp
since 2024
Below its peak
66.10 pp
peak 113.80 % in 1991
Full series
▼ 45.00 pp
since 1990

In Africa: #5 of 21vs median 54.70 %: −7.00 pp (better)

Among 125 countries

6 of 125 countries between 12.30 % and 17.90 %2 of 125 countries between 17.90 % and 23.49 %10 of 125 countries between 23.49 % and 29.09 %11 of 125 countries between 29.09 % and 34.68 %8 of 125 countries between 34.68 % and 40.28 %9 of 125 countries between 40.28 % and 45.88 %7 of 125 countries between 45.88 % and 51.47 %13 of 125 countries between 51.47 % and 57.07 %8 of 125 countries between 57.07 % and 62.66 %10 of 125 countries between 62.66 % and 68.26 %4 of 125 countries between 68.26 % and 73.85 %3 of 125 countries between 73.85 % and 79.45 %7 of 125 countries between 79.45 % and 85.05 %6 of 125 countries between 85.05 % and 90.64 %2 of 125 countries between 90.64 % and 96.24 %6 of 125 countries between 96.24 % and 101.83 %2 of 125 countries between 101.83 % and 107.43 %1 of 125 countries between 107.43 % and 113.02 %2 of 125 countries between 113.02 % and 118.62 %1 of 125 countries between 124.22 % and 129.81 %2 of 125 countries between 135.41 % and 141.00 %5 of 125 countries between 141.00 % and 146.60 %median 54.70 %Madagascar: ahead of 59 % of the 125 countries with a published government debtMadagascar 47.70 %12.30 %146.60 %
Half of all 125 countries sit between 36.10 % and 81.70 %. Madagascar is ahead of 59 % of them. Axis trimmed to the 2nd–98th percentile; 5 values beyond it sit in the end bars.

The neighbourhood

#CountryGovernment debtvs Madagascar
49 Latvia46.90 %−0.80 pp
50 Nepal47.40 %−0.30 pp
51 Madagascar47.70 %—
52 Ghana48.80 %+1.10 pp
53 Tanzania49.80 %+2.10 pp

General government gross debt as a share of GDP (IMF World Economic Outlook, annual).

How to read this figure

Central government debt as a share of GDP (World Bank). General government debt (including local government and social funds) can be meaningfully higher; comparisons across countries are indicative.

Next, about Madagascar

Debt per personGDP growthInflation rate
Government debt, all countries ranked →Compare Madagascar with another country →Everything about Madagascar →
Did this answer your question?