External debt — all countries

External debt — Madagascar

External debt in Madagascar in 2024 — 6,653,640,488 US$. Ranked 42 in the world out of 118. Since 1970, the indicator has risen by 1,271.5%.

2024 6.65B US$ +3.49% vs 2023
World rank 42of 118
Period maximum 6.65B US$2024
Period minimum 190M US$1976

Trend over time

1970–2024 · US$

External debt — Madagascar, 1970–202402B4B6B8B19701976198219881994200020062012201820241970: 485,146,240 US$1971: 488,437,477 US$1972: 510,135,605 US$1973: 504,986,847 US$1974: 750,848,944 US$1975: 791,025,348 US$1976: 189,942,758 US$1977: 781,578,848 US$1978: 355,903,318 US$1979: 773,090,282 US$1980: 1,248,330,830 US$1981: 1,613,368,349 US$1982: 1,932,701,142 US$1983: 2,040,565,065 US$1984: 2,146,908,255 US$1985: 2,529,331,047 US$1986: 3,007,383,734 US$1987: 3,683,564,459 US$1988: 3,683,557,861 US$1989: 3,431,373,377 US$1990: 3,701,101,935 US$1991: 3,908,195,316 US$1992: 3,911,346,484 US$1993: 3,804,731,532 US$1994: 4,096,453,462 US$1995: 4,322,004,158 US$1996: 4,145,801,223 US$1997: 4,108,929,982 US$1998: 4,393,975,740 US$1999: 4,781,749,985 US$2000: 4,726,029,557 US$2001: 4,184,263,805 US$2002: 4,543,888,332 US$2003: 4,979,583,731 US$2004: 3,824,731,185 US$2005: 3,525,441,336 US$2006: 1,526,991,066 US$2007: 2,332,269,180 US$2008: 2,533,049,972 US$2009: 2,846,880,424 US$2010: 2,755,972,131 US$2011: 2,867,388,364 US$2012: 2,993,469,808 US$2013: 2,940,581,583 US$2014: 2,963,528,296 US$2015: 3,007,857,305 US$2016: 2,976,805,935 US$2017: 3,382,906,475 US$2018: 3,720,119,522 US$2019: 4,044,792,623 US$2020: 4,841,435,396 US$2021: 5,344,813,135 US$2022: 5,935,380,471 US$2023: 6,429,471,661 US$2024: 6,653,640,488 US$
Change over the period: +6.17B (+1,271.47%) Average annual rate: 4.97 %

Comparison, 2024

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

Madagascar 6.65B US$
Sub-Saharan Africa computed 903B US$
Eastern Africa computed 300B US$
Low-income countries computed 243B US$
External debt — Madagascar, by year Madagascar All countries CSV XLSX
Year US$ Change Change, %
2024 6.65B +224M +3.49%
2023 6.43B +494M +8.32%
2022 5.94B +591M +11.05%
2021 5.34B +503M +10.4%
2020 4.84B +797M +19.7%
2019 4.04B +325M +8.73%
2018 3.72B +337M +9.97%
2017 3.38B +406M +13.64%
2016 2.98B −31.05M −1.03%
2015 3.01B +44.33M +1.5%
2014 2.96B +22.95M +0.78%
2013 2.94B −52.89M −1.77%
2012 2.99B +126M +4.4%
2011 2.87B +111M +4.04%
2010 2.76B −90.91M −3.19%
2009 2.85B +314M +12.39%
2008 2.53B +201M +8.61%
2007 2.33B +805M +52.74%
2006 1.53B −2B −56.69%
2005 3.53B −299M −7.83%
2004 3.82B −1.15B −23.19%
2003 4.98B +436M +9.59%
2002 4.54B +360M +8.59%
2001 4.18B −542M −11.46%
2000 4.73B −55.72M −1.17%
1999 4.78B +388M +8.83%
1998 4.39B +285M +6.94%
1997 4.11B −36.87M −0.89%
1996 4.15B −176M −4.08%
1995 4.32B +226M +5.51%
1994 4.1B +292M +7.67%
1993 3.8B −107M −2.73%
1992 3.91B +3.15M +0.08%
1991 3.91B +207M +5.6%
1990 3.7B +270M +7.86%
1989 3.43B −252M −6.85%
1988 3.68B −6,598 −0%
1987 3.68B +676M +22.48%
1986 3.01B +478M +18.9%
1985 2.53B +382M +17.81%
1984 2.15B +106M +5.21%
1983 2.04B +108M +5.58%
1982 1.93B +319M +19.79%
1981 1.61B +365M +29.24%
1980 1.25B +475M +61.47%
1979 773M +417M +117.22%
1978 356M −426M −54.46%
1977 782M +592M +311.48%
1976 190M −601M −75.99%
1975 791M +40.18M +5.35%
1974 751M +246M +48.69%
1973 505M −5.15M −1.01%
1972 510M +21.7M +4.44%
1971 488M +3.29M +0.68%
1970 485M

About the indicator

Total external debt: the liabilities of a country's residents to non-residents in foreign and in national currency, covering public, publicly guaranteed and private debt. It differs from government debt fundamentally — it includes the borrowing of banks and corporations that the government does not guarantee but that turns out to be its problem in a crisis all the same.

Important: Only middle- and low-income countries report to the World Bank Debtor Reporting System, so the table holds about 130 of them. Aggregates for country groups are not computed: the sum over those present is the debt of developing countries, not of the world.

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