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. On the other hand 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 1.8 billion and 6.0 billion USD. The highest level of the last years at 6 billion US Dollar was reached in 2020.

Based on the number of inhabitants, this is in Madagascar a debt of 217 USD per person. For comparison: The average debt per person in the same year in the European Union was 30,780 USD.

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Gross debt of the last 22 years in billion USD

YearMadagascar totalMadagascar per capitaEU per capita
19984.05 bn USD274 USD12,387 USD
19993.87 bn USD253 USD12,342 USD
20003.50 bn USD222 USD9,877 USD
20013.72 bn USD229 USD9,894 USD
20023.81 bn USD227 USD10,773 USD
20034.70 bn USD272 USD13,433 USD
20043.57 bn USD201 USD15,459 USD
20053.75 bn USD204 USD16,095 USD
20061.78 bn USD94 USD16,570 USD
20072.07 bn USD107 USD18,334 USD
20082.91 bn USD146 USD21,119 USD
20093.35 bn USD163 USD22,222 USD
20103.23 bn USD153 USD26,496 USD
20113.46 bn USD159 USD29,231 USD
20123.52 bn USD158 USD28,064 USD
20134.50 bn USD196 USD29,836 USD
20144.74 bn USD201 USD30,512 USD
20154.99 bn USD206 USD25,813 USD
20164.77 bn USD192 USD26,165 USD
20175.29 bn USD207 USD26,931 USD
20185.56 bn USD212 USD28,362 USD
20195.44 bn USD202 USD27,095 USD
20206.01 bn USD217 USD30,780 USD

Comparison of the gross debt per capita with the European Union in Euro

      Madagascar       European Union

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