Compensation of employees (current LCU) in Madagascar
Madagascar: Compensation of employees (current LCU) was 3.92 trillion current LCU in 2024. ◆ Volatile
Compensation of employees in Madagascar, 1990–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2024, compensation of employees in Madagascar stood at 3.92 trillion current LCU. That is the highest value across all 28 years on record.
The figure is up 4.4% on the previous year and up 170.9% over ten years.
Over the whole period, compensation of employees in Madagascar peaked at 3.92 trillion current LCU in 2024 and was at its lowest, 38.76 billion current LCU, in 1990.
That places Madagascar 22nd out of 156 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Compensation of employees (current LCU) in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 1990 | 38.76 billion current LCU | — |
| 1991 | 45.36 billion current LCU | +17.0% |
| 1992 | 47.74 billion current LCU | +5.2% |
| 1993 | 53.32 billion current LCU | +11.7% |
| 1994 | 65.90 billion current LCU | +23.6% |
| 1995 | 88.90 billion current LCU | +34.9% |
| 2003 | 365.42 billion current LCU | +311.0% |
| 2004 | 400.05 billion current LCU | +9.5% |
| 2005 | 456.40 billion current LCU | +14.1% |
| 2006 | 589.90 billion current LCU | +29.3% |
| 2007 | 711.20 billion current LCU | +20.6% |
| 2008 | 758.90 billion current LCU | +6.7% |
| 2009 | 803.22 billion current LCU | +5.8% |
| 2010 | 948.08 billion current LCU | +18.0% |
| 2011 | 1.06 trillion current LCU | +12.0% |
| 2012 | 1.16 trillion current LCU | +9.7% |
| 2013 | 1.34 trillion current LCU | +14.9% |
| 2014 | 1.45 trillion current LCU | +8.1% |
| 2015 | 1.56 trillion current LCU | +8.2% |
| 2016 | 1.80 trillion current LCU | +14.8% |
| 2017 | 1.98 trillion current LCU | +10.2% |
| 2018 | 2.37 trillion current LCU | +19.6% |
| 2019 | 2.49 trillion current LCU | +5.3% |
| 2020 | 2.81 trillion current LCU | +12.7% |
| 2021 | 2.89 trillion current LCU | +2.9% |
| 2022 | 3.39 trillion current LCU | +17.2% |
| 2023 | 3.75 trillion current LCU | +10.7% |
| 2024 | 3.92 trillion current LCU | +4.4% |
Madagascar compared with similar countries
- Madagascar's 3.92 trillion current LCU is above the median for low income countries, which is 514.83 billion current LCU, 7.6× the median. (16 countries reporting)
- Madagascar's 3.92 trillion current LCU is above the median for Sub-Saharan Africa, which is 317.20 billion current LCU, 12.4× the median. (36 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | +311.0% | 88.90 billion current LCU | 365.42 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 56.66 billion current LCU | 38.76 billion current LCU | 88.90 billion current LCU | 6 |
| 2000s | 583.58 billion current LCU | 365.42 billion current LCU | 803.22 billion current LCU | 7 |
| 2010s | 1.62 trillion current LCU | 948.08 billion current LCU | 2.49 trillion current LCU | 10 |
| 2020s | 3.35 trillion current LCU | 2.81 trillion current LCU | 3.92 trillion current LCU | 5 |
Countries ranked near Madagascar
More public sector data for Madagascar
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Frequently asked questions
- What is compensation of employees in Madagascar?
- Compensation of employees in Madagascar was 3.92 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Madagascar?
- The highest recorded value was 3.92 trillion current LCU in 2024.
- What is the lowest compensation of employees recorded in Madagascar?
- The lowest recorded value was 38.76 billion current LCU in 1990.
- How does Madagascar rank for compensation of employees?
- Madagascar ranks 22nd out of 156 countries with data for 2024.
- Is compensation of employees rising or falling in Madagascar?
- Over the last ten years it is up 170.9%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 28 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.