Madagascar GDP Per Capita (2026)
Madagascar has a developing island economy supported by agriculture, mining, textiles, tourism, fisheries, trade, and services. GDP per capita provides an important measure of how national economic output compares with the country’s growing population and helps track economic development on a per-person basis. Explore Madagascar’s latest GDP per capita data, historical trends, development patterns, and economic comparisons below.
GDP Per Capita 2026
$656
Est. in USD
World Rank
#187
Out of 195 countries
Change vs 2025
+5.5%
+$34
Africa Rank
#49
Out of 54 countries
1. Madagascar GDP Per Capita in 2026
Madagascar’s GDP per capita reflects economic production generated for each resident across agriculture, mining, manufacturing, tourism, and services. Agriculture remains important for employment, while mining and textiles contribute to exports. Adjusting total GDP for population provides a more standardized basis for comparing Madagascar with economies of different sizes and stages of development.
2. Madagascar GDP Per Capita Growth (1980–2026)
3. Madagascar GDP Per Capita (Historical Data)
| Year | GDP Per Capita (USD) | Annual Change |
|---|---|---|
| 2026 | $656 | +5.5% |
| 2025 | $622 | +8.2% |
| 2024 | $575 | +6.7% |
| 2023 | $539 | +1.7% |
| 2022 | $530 | +4.1% |
| 2021 | $509 | +6.7% |
| 2020 | $477 | -10.3% |
| 2019 | $532 | -0.7% |
| 2018 | $536 | +1.5% |
| 2017 | $528 | +8.0% |
| 2016 | $489 | +1.5% |
| 2015 | $482 | -12.2% |
| 2014 | $549 | -2.1% |
| 2013 | $561 | +4.1% |
| 2012 | $539 | -2.5% |
| 2011 | $553 | +12.2% |
| 2010 | $493 | +0.8% |
| 2009 | $489 | -13.0% |
| 2008 | $562 | +22.2% |
| 2007 | $460 | +29.6% |
| 2006 | $355 | +6.0% |
| 2005 | $335 | +12.0% |
| 2004 | $299 | -22.7% |
| 2003 | $387 | +15.5% |
| 2002 | $335 | -4.6% |
| 2001 | $351 | +14.3% |
| 2000 | $307 | +4.8% |
| 1999 | $293 | -5.5% |
| 1998 | $310 | +0.3% |
| 1997 | $309 | -16.3% |
| 1996 | $369 | +24.7% |
| 1995 | $296 | +6.1% |
| 1994 | $279 | -16.0% |
| 1993 | $332 | +6.4% |
| 1992 | $312 | +11.4% |
| 1991 | $280 | -19.5% |
| 1990 | $348 | +20.8% |
| 1989 | $288 | -3.0% |
| 1988 | $297 | -3.6% |
| 1987 | $308 | -27.9% |
| 1986 | $427 | +11.2% |
| 1985 | $384 | -5.2% |
| 1984 | $405 | -18.8% |
| 1983 | $499 | -4.6% |
| 1982 | $523 | -2.1% |
| 1981 | $534 | -10.9% |
| 1980 | $599 | — |
4. Madagascar GDP Per Capita Growth
1-Year Change
+5.5%
(2025 to 2026)
5-Year Change
+28.9%
(2021 to 2026)
10-Year Change
+34.2%
(2016 to 2026)
20-Year Change
+84.8%
(2006 to 2026)
Madagascar’s GDP per capita can be influenced by agricultural output, weather conditions, mining activity, tourism, inflation, investment, and population growth. Cyclones and other environmental shocks can also affect annual economic performance. Historical data helps show how output per resident has evolved through periods of expansion, disruption, recovery, and broader structural change.
5. Madagascar GDP Per Capita vs Africa and World
Madagascar
$656
Africa Average
$3,302
World Average
$25,179
$0
$12,590
$25,179
USD
Madagascar’s GDP per capita is approximately
80.1%
below the
Africa average
and
97.4%
below the world average.
6. Madagascar GDP Per Capita Ranking in Africa
| Rank | Country | GDP Per Capita (USD) |
|---|---|---|
| #47 | Somalia | $813 |
| #48 | Malawi | $733 |
| #49 | Eritrea | $656 |
| #50 | Madagascar | $656 |
| #51 | Mozambique | $632 |
| #52 | Central African Republic | $613 |
| #53 | Burundi | $546 |
7. GDP vs GDP Per Capita in Madagascar
Madagascar GDP (Nominal)
$21.2 Billion
(2026)
Madagascar GDP Per Capita
$656
(2026)
Madagascar’s total GDP measures the overall scale of economic activity generated nationwide, while GDP per capita divides that production by population. Total GDP shows the size and structure of the national economy, whereas GDP per capita provides a clearer measure of economic output per resident. Considering both indicators together gives a broader view of development.
Explore more:
Madagascar GDP
8. Madagascar GDP Per Capita Forecast
| Year | GDP Per Capita (USD) | Change |
|---|---|---|
| 2027 | $690 | +5.2% |
| 2028 | $740 | +7.2% |
| 2029 | $794 | +7.3% |
| 2030 | $853 | +7.4% |
Madagascar GDP per capita is projected to reach $853 by 2030, representing a 30.0% increase from the 2026 level.
9. Madagascar GDP Per Capita: Key Findings
Madagascar GDP per capita is estimated at $656 in 2026.
It ranks #187 globally and #49 in Africa.
GDP per capita increased by 5.5% compared with 2025.
Over the last 5 years, GDP per capita grew by 28.9%.
Over the last 10 years, GDP per capita grew by 34.2%.
It is approximately 80.1% below the Africa average.
It is approximately 97.4% below the world average.
The forecast reaches $853 by 2030, 30.0% above the 2026 level.
10. What Is GDP Per Capita?
GDP per capita is the total economic output of a country divided by its population.
GDP Per Capita
=
GDP
÷
Population
It helps measure the average economic output per person and is widely used to compare economic performance across countries. Higher values generally indicate greater economic output per resident.
11. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Sources:
World Bank,
United Nations
Population Source:
UN Population Division
Currency:
Current USD (Nominal)
Update Frequency:
Annually
Last Updated:
September 2026
12. Madagascar GDP Per Capita FAQs
Madagascar GDP per capita is estimated at $656 in 2026.
Madagascar ranks #187 globally and #49 in Africa by GDP per capita.
Yes. GDP per capita increased by approximately 5.5% compared with 2025.
Madagascar GDP per capita was approximately $482 in 2015.
Madagascar GDP per capita is approximately 80.1% below the Africa average.
14. Explore GDP Per Capita
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.