Gross national savings — all countries

Gross national savings — Madagascar

Gross national savings in Madagascar in 2024 — 17.5%. Ranked 101 in the world out of 146. Since 1974, the indicator has risen by 12 pp.

2024 17.5% +2 pp vs 2023
World rank 101of 146
Period maximum 40.1%1989
Period minimum 1.1%1979

Trend over time

1974–2024 · % of GDP

Gross national savings — Madagascar, 1974–20240204060197419791984198919941999200420092014201920241974: 5.5%1975: 5.2%1976: 7.6%1977: 6.7%1978: 4.9%1979: 1.1%1980: 37.7%1981: 29.5%1982: 21.4%1983: 21.9%1984: 23.3%1985: 15.3%1986: 18.6%1987: 22.5%1988: 14.8%1989: 40.1%1990: 31.2%1991: 25.8%1992: 32.8%1993: 33.5%1994: 27.7%1995: 4.5%1996: 8.7%1997: 7.7%1998: 8%1999: 9.6%2000: 8.9%2001: 14.5%2002: 5.1%2003: 10.6%2004: 16.2%2005: 10.4%2006: 15%2007: 19%2008: 23.7%2009: 17.6%2010: 16.5%2011: 15.5%2012: 12.9%2013: 8.3%2014: 14.5%2015: 12.9%2016: 16.1%2017: 15.1%2018: 18.6%2019: 16.4%2020: 8.2%2021: 12.5%2022: 14.9%2023: 15.5%2024: 17.5%
Change over the period: +12 pp Annual average: 0.24 pp

Comparison, 2024

How the value compares with the world and the groups this territory belongs to: Madagascar

Madagascar 17.5%
World 26.1%
Sub-Saharan Africa computed 17.6%
Eastern Africa computed 20.5%
Gross national savings — Madagascar, by year Madagascar All countries CSV XLSX
Year % Change, pp
2024 17.5 +2 pp
2023 15.5 +0.6 pp
2022 14.9 +2.4 pp
2021 12.5 +4.3 pp
2020 8.2 −8.2 pp
2019 16.4 −2.2 pp
2018 18.6 +3.4 pp
2017 15.1 −1 pp
2016 16.1 +3.2 pp
2015 12.9 −1.6 pp
2014 14.5 +6.2 pp
2013 8.3 −4.6 pp
2012 12.9 −2.6 pp
2011 15.5 −1 pp
2010 16.5 −1.1 pp
2009 17.6 −6.1 pp
2008 23.7 +4.7 pp
2007 19 +4 pp
2006 15 +4.6 pp
2005 10.4 −5.8 pp
2004 16.2 +5.6 pp
2003 10.6 +5.5 pp
2002 5.1 −9.4 pp
2001 14.5 +5.6 pp
2000 8.9 −0.6 pp
1999 9.6 +1.6 pp
1998 8 +0.3 pp
1997 7.7 −1 pp
1996 8.7 +4.2 pp
1995 4.5 −23.2 pp
1994 27.7 −5.8 pp
1993 33.5 +0.7 pp
1992 32.8 +7 pp
1991 25.8 −5.4 pp
1990 31.2 −8.9 pp
1989 40.1 +25.3 pp
1988 14.8 −7.7 pp
1987 22.5 +3.9 pp
1986 18.6 +3.2 pp
1985 15.3 −8 pp
1984 23.3 +1.4 pp
1983 21.9 +0.5 pp
1982 21.4 −8.1 pp
1981 29.5 −8.2 pp
1980 37.7 +36.6 pp
1979 1.1 −3.8 pp
1978 4.9 −1.7 pp
1977 6.7 −0.9 pp
1976 7.6 +2.4 pp
1975 5.2 −0.3 pp
1974 5.5

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.