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household debts in Madagascar

Gross debt in Madagascar

The government gross debt refers to the total of all sums of money that have to be paid to other countries, communities or institutions. Not included in the gross debt are the demands of a country to foreign ones.

The gross debt in Madagascar in the period from 1998 to 2020 was between 2.1 billion and 6.0 billion USD. The highest level of the last years at six billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is a debt of 213 USD per person. For comparison, the average debt per person in the same year in the European Union was 30,783 USD.


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Gross debt of the last 22 years in billion USD




YearMadagascar totalMadagascar per capitaEU per capita
19984.77 bn USD322 USD14,079 USD
19994.45 bn USD291 USD14,032 USD
20004.18 bn USD265 USD11,232 USD
20014.47 bn USD275 USD11,255 USD
20024.64 bn USD277 USD12,258 USD
20035.47 bn USD317 USD15,286 USD
20044.15 bn USD233 USD17,595 USD
20054.36 bn USD238 USD18,327 USD
20062.06 bn USD109 USD18,877 USD
20072.40 bn USD124 USD20,898 USD
20083.32 bn USD166 USD24,086 USD
20093.35 bn USD163 USD25,361 USD
20103.23 bn USD153 USD26,496 USD
20113.46 bn USD159 USD29,231 USD
20123.52 bn USD158 USD28,174 USD
20134.50 bn USD196 USD29,981 USD
20144.74 bn USD201 USD30,648 USD
20154.99 bn USD201 USD25,918 USD
20164.77 bn USD187 USD26,261 USD
20175.29 bn USD202 USD27,024 USD
20185.56 bn USD207 USD28,448 USD
20195.44 bn USD197 USD27,168 USD
20206.01 bn USD213 USD30,783 USD


Comparison of gross debt per capita with the European Union in U.S. dollars



      Madagascar       European Union


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