Ethiopia vs Madagascar: Inflation
Inflation: 26.6% a year in Ethiopia in 2024 and 8% a year in Madagascar in 2025, by IMF estimates. In 2024 the value was higher in Ethiopia, by 18.9 percentage points, or 3.48 times that in Madagascar.
EthiopiaMadagascar
Watch it change on the mapLatest figures
% a year · IMF
| Country | Latest | 10 years before | Rank in 2025 | Projected |
|---|---|---|---|---|
| Ethiopia | 26.6 2024 | 8.1 | — | 6.7 2031 |
| Madagascar | 8 2025 | 7.4 | 26 of 179 | 5 2031 |
What the numbers say
- Ethiopia has been higher since 2018, when it overtook Madagascar.
- The IMF projection (World Economic Outlook, October 2026) puts Ethiopia at 6.7% a year and Madagascar at 5% a year in 2031.
Every year
% a year · IMF
| Year | Ethiopia | Madagascar |
|---|---|---|
| 2025 | 16 | 8 |
| 2024 | 26.6 | 7.6 |
| 2023 | 32.5 | 9.9 |
| 2022 | 33.9 | 8.2 |
| 2021 | 20.2 | 5.8 |
| 2020 | 19.9 | 4.2 |
| 2019 | 12.6 | 5.6 |
| 2018 | 14.5 | 8.6 |
| 2017 | 6.9 | 8.6 |
| 2016 | 9.7 | 6.1 |
| 2015 | 7.7 | 7.4 |
| 2014 | 8.1 | 6.1 |
| 2013 | 13.5 | 5.8 |
| 2012 | 34.1 | 5.7 |
| 2011 | 18.1 | 9.5 |
| 2010 | 2.8 | 9.2 |
| 2009 | 36.4 | 9 |
| 2008 | 25.3 | 9.3 |
| 2007 | 15.8 | 10.3 |
| 2006 | 12.3 | 10.8 |
| 2005 | 6.8 | 18.4 |
| 2004 | 8.6 | 14 |
| 2003 | 15.1 | -1.7 |
| 2002 | -7.2 | 16.5 |
| 2001 | -5.2 | 7.9 |
| 2000 | 6.2 | 11.6 |
| 1999 | 4.8 | 7.2 |
| 1998 | 3.6 | 6.2 |
| 1997 | -6.4 | 4.5 |
| 1996 | 0.9 | 19.8 |
| 1995 | 13.4 | 49 |
| 1994 | 1.2 | 39 |
| 1993 | 10 | 10 |
| 1992 | 21 | 14.6 |
| 1991 | 20.9 | 8.5 |
| 1990 | 5.2 | 11.9 |
| 1989 | 9.6 | 9 |
| 1988 | 2.2 | 26.3 |
| 1987 | -9.1 | 15.5 |
| 1986 | 5.6 | 14.5 |
| 1985 | 18.4 | 10.6 |
| 1984 | -0.3 | 9.7 |
| 1983 | 3.6 | 19.5 |
| 1982 | 7.8 | 31.9 |
| 1981 | – | 30.5 |
| 1980 | – | 18.3 |
- 12.3Projected
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Ethiopia | Madagascar |
|---|---|---|
| 2026 | 11.7 | 8.4 |
| 2027 | 12.3 | 8 |
| 2028 | 9.2 | 6.5 |
| 2029 | 7.8 | 6 |
| 2030 | 6.8 | 5.5 |
| 2031 | 6.7 | 5 |
Each country on its own
Good to know
- How much consumer prices rose in a year, on average.
- Source: IMF, World Economic Outlook, October 2026.
- The dashed line is the IMF projection (World Economic Outlook, October 2026), a scenario rather than a forecast.
- Ranks count the 179 countries with a value in 2025, highest first.
How the layers work, where their data comes from and what they can’t tell you: Countries through time