Service exports — all countries

Service exports — Madagascar

Service exports in Madagascar in 2024 — 1,534,146,768 US$. Ranked 117 in the world out of 165. Since 1974, the indicator has risen by 3,718.8%.

2024 1.53B US$ +22.39% vs 2023
World rank 117of 165
Period maximum 1.53B US$2024
Period minimum 34.76M US$1977

Trend over time

1974–2024 · US$

Service exports — Madagascar, 1974–20240500M1B1.5B2B197419791984198919941999200420092014201920241974: 40,173,865 US$1975: 62,012,369 US$1976: 40,929,136 US$1977: 34,760,841 US$1978: 34,876,249 US$1979: 73,899,673 US$1980: 79,468,475 US$1981: 61,531,573 US$1982: 49,322,941 US$1983: 45,208,590 US$1984: 53,308,592 US$1985: 58,598,217 US$1986: 75,080,488 US$1987: 95,949,047 US$1988: 118,398,984 US$1989: 132,141,103 US$1990: 152,896,637 US$1991: 148,319,676 US$1992: 174,531,018 US$1993: 187,241,758 US$1994: 206,019,176 US$1995: 244,118,593 US$1996: 293,271,656 US$1997: 314,153,578 US$1998: 335,077,472 US$1999: 336,261,244 US$2000: 406,714,118 US$2001: 481,707,282 US$2002: 584,760,468 US$2003: 362,010,866 US$2004: 467,093,884 US$2005: 494,287,687 US$2006: 665,861,210 US$2007: 1,013,943,943 US$2008: 1,346,091,893 US$2009: 912,803,781 US$2010: 1,005,468,857 US$2011: 1,197,496,011 US$2012: 1,334,451,165 US$2013: 1,323,745,894 US$2014: 1,367,451,853 US$2015: 1,107,108,609 US$2016: 1,229,965,913 US$2017: 1,342,695,242 US$2018: 1,371,771,523 US$2019: 1,469,489,431 US$2020: 640,899,304 US$2021: 654,219,361 US$2022: 1,141,938,241 US$2023: 1,253,519,621 US$2024: 1,534,146,768 US$
Change over the period: +1.49B (+3,718.77%) Average annual rate: 7.56 %

Comparison, 2024

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

Madagascar 1.53B US$
World 8.85T US$
Sub-Saharan Africa 85.52B US$
Eastern Africa computed 38.37B US$
Service exports — Madagascar, by year Madagascar All countries CSV XLSX
Year US$ Change Change, %
2024 1.53B +281M +22.39%
2023 1.25B +112M +9.77%
2022 1.14B +488M +74.55%
2021 654M +13.32M +2.08%
2020 641M −829M −56.39%
2019 1.47B +97.72M +7.12%
2018 1.37B +29.08M +2.17%
2017 1.34B +113M +9.17%
2016 1.23B +123M +11.1%
2015 1.11B −260M −19.04%
2014 1.37B +43.71M +3.3%
2013 1.32B −10.71M −0.8%
2012 1.33B +137M +11.44%
2011 1.2B +192M +19.1%
2010 1.01B +92.67M +10.15%
2009 913M −433M −32.19%
2008 1.35B +332M +32.76%
2007 1.01B +348M +52.28%
2006 666M +172M +34.71%
2005 494M +27.19M +5.82%
2004 467M +105M +29.03%
2003 362M −223M −38.09%
2002 585M +103M +21.39%
2001 482M +74.99M +18.44%
2000 407M +70.45M +20.95%
1999 336M +1.18M +0.35%
1998 335M +20.92M +6.66%
1997 314M +20.88M +7.12%
1996 293M +49.15M +20.13%
1995 244M +38.1M +18.49%
1994 206M +18.78M +10.03%
1993 187M +12.71M +7.28%
1992 175M +26.21M +17.67%
1991 148M −4.58M −2.99%
1990 153M +20.76M +15.71%
1989 132M +13.74M +11.61%
1988 118M +22.45M +23.4%
1987 95.95M +20.87M +27.79%
1986 75.08M +16.48M +28.13%
1985 58.6M +5.29M +9.92%
1984 53.31M +8.1M +17.92%
1983 45.21M −4.11M −8.34%
1982 49.32M −12.21M −19.84%
1981 61.53M −17.94M −22.57%
1980 79.47M +5.57M +7.54%
1979 73.9M +39.02M +111.89%
1978 34.88M +115,408 +0.33%
1977 34.76M −6.17M −15.07%
1976 40.93M −21.08M −34%
1975 62.01M +21.84M +54.36%
1974 40.17M

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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