household debts in Madagascar

Gross debt in Madagascar

The gross debt of Madagascar refers to the debt of the state proper, but not its states, municipalities and institutions.

The gross debt in Madagascar in the period from 2000 to 2021 was between 2.1 billion and 7.7 billion USD. The highest level of the last years at eight billion US Dollar was reached in 2021.

Based on the number of inhabitants, this is a debt of 266 USD per person. For comparison, the average debt per person in the same year in the European Union was 31,244 USD.

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Gross debt of the last 21 years in billion USD

YearMadagascar totalMadagascar per capitaEU per capita
20004.18 bn USD265 USD10,470 USD
20014.47 bn USD275 USD10,461 USD
20024.64 bn USD277 USD11,385 USD
20035.47 bn USD317 USD14,236 USD
20044.15 bn USD233 USD16,336 USD
20054.36 bn USD238 USD17,037 USD
20062.06 bn USD109 USD17,538 USD
20072.40 bn USD124 USD19,432 USD
20083.33 bn USD166 USD22,495 USD
20093.35 bn USD163 USD23,633 USD
20103.23 bn USD153 USD24,620 USD
20113.46 bn USD159 USD27,209 USD
20123.52 bn USD158 USD26,161 USD
20134.50 bn USD196 USD27,855 USD
20144.74 bn USD201 USD28,497 USD
20154.99 bn USD201 USD24,072 USD
20164.77 bn USD187 USD24,404 USD
20175.29 bn USD202 USD25,136 USD
20185.90 bn USD220 USD26,499 USD
20195.73 bn USD208 USD25,326 USD
20206.63 bn USD235 USD28,545 USD
20217.69 bn USD266 USD31,244 USD

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

      Madagascar       European Union

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