Net incurrence of liabilities, total (current LCU) in Madagascar
Madagascar: Net incurrence of liabilities, total (current LCU) was 815.63 billion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in Madagascar, 2003–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
The most recent figure for net incurrence of liabilities, total in Madagascar is 815.63 billion current LCU, measured in 2024.
Compared with earlier readings it is down 79.0% on the previous year and up 5.3% over ten years.
Over the whole period, net incurrence of liabilities, total in Madagascar peaked at 3.88 trillion current LCU in 2023 and was at its lowest, 38.48 billion current LCU, in 2013.
Madagascar ranks 35th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Madagascar, year by year
| Year | current LCU | Change |
|---|---|---|
| 2003 | 346.36 billion current LCU | — |
| 2004 | 459.88 billion current LCU | +32.8% |
| 2005 | 522.80 billion current LCU | +13.7% |
| 2006 | 450.00 billion current LCU | -13.9% |
| 2007 | 406.87 billion current LCU | -9.6% |
| 2008 | 552.80 billion current LCU | +35.9% |
| 2009 | 198.32 billion current LCU | -64.1% |
| 2010 | 416.28 billion current LCU | +109.9% |
| 2011 | 214.50 billion current LCU | -48.5% |
| 2012 | 272.17 billion current LCU | +26.9% |
| 2013 | 38.48 billion current LCU | -85.9% |
| 2014 | 774.41 billion current LCU | +1912.4% |
| 2015 | 798.63 billion current LCU | +3.1% |
| 2016 | 579.30 billion current LCU | -27.5% |
| 2017 | 946.00 billion current LCU | +63.3% |
| 2018 | 786.26 billion current LCU | -16.9% |
| 2019 | 676.21 billion current LCU | -14.0% |
| 2020 | 3.51 trillion current LCU | +419.3% |
| 2021 | 2.48 trillion current LCU | -29.5% |
| 2022 | 2.59 trillion current LCU | +4.6% |
| 2023 | 3.88 trillion current LCU | +49.8% |
| 2024 | 815.63 billion current LCU | -79.0% |
Madagascar compared with similar countries
- Madagascar's 815.63 billion current LCU is above the median for low income countries, which is 386.99 billion current LCU, 2.1× the median. (14 countries reporting)
- Madagascar's 815.63 billion current LCU is above the median for Sub-Saharan Africa, which is 126.91 billion current LCU, 6.4× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (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 |
|---|---|---|---|
| 2014 | +1912.4% | 38.48 billion current LCU | 774.41 billion current LCU |
| 2020 | +419.3% | 676.21 billion current LCU | 3.51 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 419.58 billion current LCU | 198.32 billion current LCU | 552.80 billion current LCU | 7 |
| 2010s | 550.22 billion current LCU | 38.48 billion current LCU | 946.00 billion current LCU | 10 |
| 2020s | 2.65 trillion current LCU | 815.63 billion current LCU | 3.88 trillion current LCU | 5 |
Countries ranked near Madagascar
More public sector data for Madagascar
- Democracy, annual growth rate -100 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate -100 % change on previous year (2025)
- Elected parliament, annual growth rate -100 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate -100 % change on previous year (2025)
- Arms imports 3.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 0.0345 SIPRI trend indicator values per person (2020)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2020)
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Frequently asked questions
- What is net incurrence of liabilities, total in Madagascar?
- Net incurrence of liabilities, total in Madagascar was 815.63 billion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Madagascar?
- The highest recorded value was 3.88 trillion current LCU in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Madagascar?
- The lowest recorded value was 38.48 billion current LCU in 2013.
- How does Madagascar rank for net incurrence of liabilities, total?
- Madagascar ranks 35th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Madagascar?
- Over the last ten years it is up 5.3%. 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 Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. 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.