Madagascar vs Nigeria
Madagascar vs Nigeria: Inflation
Inflation in 2025: 8% a year in Madagascar and 23% a year in Nigeria, by IMF estimates. In 2025 the value was higher in Nigeria, by 15 percentage points, or 2.86 times that in Madagascar.
% a year · IMF
What the numbers say
- Nigeria has been higher since 2008, when it overtook Madagascar.
- In 2025, Madagascar ranked 26 and Nigeria ranked 10 of 179 countries, counting from the highest.
- The IMF projection (World Economic Outlook, October 2026) puts Madagascar at 5% a year and Nigeria at 10% a year in 2031.
Every year
% a year · IMF
| Year | Madagascar | Nigeria |
|---|---|---|
| 2025 | 8 | 23 |
| 2024 | 7.6 | 33.2 |
| 2023 | 9.9 | 24.7 |
| 2022 | 8.2 | 18.9 |
| 2021 | 5.8 | 17 |
| 2020 | 4.2 | 13.3 |
| 2019 | 5.6 | 11.4 |
| 2018 | 8.6 | 12.1 |
| 2017 | 8.6 | 16.5 |
| 2016 | 6.1 | 15.7 |
| 2015 | 7.4 | 9 |
| 2014 | 6.1 | 8 |
| 2013 | 5.8 | 8.5 |
| 2012 | 5.7 | 12.2 |
| 2011 | 9.5 | 10.8 |
| 2010 | 9.2 | 13.7 |
| 2009 | 9 | 12.5 |
| 2008 | 9.3 | 11.6 |
| 2007 | 10.3 | 5.4 |
| 2006 | 10.8 | 8.2 |
| 2005 | 18.4 | 17.9 |
| 2004 | 14 | 15 |
| 2003 | -1.7 | 14 |
| 2002 | 16.5 | 12.9 |
| 2001 | 7.9 | 18.9 |
| 2000 | 11.6 | 6.9 |
| 1999 | 7.2 | 6.6 |
| 1998 | 6.2 | 7.9 |
| 1997 | 4.5 | 10.7 |
| 1996 | 19.8 | 29.3 |
| 1995 | 49 | – |
| 1994 | 39 | – |
| 1993 | 10 | – |
| 1992 | 14.6 | – |
| 1991 | 8.5 | – |
| 1990 | 11.9 | – |
| 1989 | 9 | – |
| 1988 | 26.3 | – |
| 1987 | 15.5 | – |
| 1986 | 14.5 | – |
| 1985 | 10.6 | – |
| 1984 | 9.7 | – |
| 1983 | 19.5 | – |
| 1982 | 31.9 | – |
| 1981 | 30.5 | – |
| 1980 | 18.3 | – |
IMF projection (World Economic Outlook, October 2026) · 2026–2031
| Year | Madagascar | Nigeria |
|---|---|---|
| 2026 | 8.4 | 15.6 |
| 2027 | 8 | 14.7 |
| 2028 | 6.5 | 13.3 |
| 2029 | 6 | 11.5 |
| 2030 | 5.5 | 10.5 |
| 2031 | 5 | 10 |
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
Madagascar vs Nigeria
Health
- Life expectancyMadagascar: 63.6 years in 2023Nigeria: 54.5 years in 2023
- Child mortalityMadagascar: 6.2 per 100 live births in 2024Nigeria: 11.6 per 100 live births in 2024
- Infant mortalityMadagascar: 45 per 1,000 live births in 2023Nigeria: 69.5 per 1,000 live births in 2023
- Safe drinking waterMadagascar: 22.2% in 2022Nigeria: 29% in 2022
- DepressionMadagascar: 3.71% in 2017Nigeria: 3.92% in 2017
- Suicide rateMadagascar: 11 per 100,000 people in 2017Nigeria: 7.5 per 100,000 people in 2017
People
- PopulationMadagascar: 31.2 million people in 2023Nigeria: 228 million people in 2023
- Population growthMadagascar: 2.45% a year in 2023Nigeria: 2.1% a year in 2023
- Fertility rateMadagascar: 3.97 births per woman in 2023Nigeria: 4.48 births per woman in 2023
- Urban populationMadagascar: 32.9% in 2025Nigeria: 63.8% in 2025
- Median ageMadagascar: 18.9 years in 2023Nigeria: 17.8 years in 2023
- People aged 65 and overMadagascar: 3.3% in 2023Nigeria: 3% in 2023
- Net migration rateMadagascar: -0 per 1,000 people in 2023Nigeria: -0.3 per 1,000 people in 2023
Economy
Education
Politics
Conflict
Military
- Military spendingMadagascar: 0.62% of GDP in 2025Nigeria: 0.91% of GDP in 2025
- Military spending in US dollarsMadagascar: $111M in 2025Nigeria: $1.76B in 2025
- Military spending per personMadagascar: $4 in 2025Nigeria: $9 in 2025
- Military share of state spendingMadagascar: 3.8% of government spending in 2025Nigeria: 5.9% of government spending in 2025
- Armed forces personnelMadagascar: 22,000 people in 2020Nigeria: 223,000 people in 2020
- National powerMadagascar: 0.11% of world capability in 2022Nigeria: 1.16% of world capability in 2022
- Armed forces, share of workersMadagascar: 0.15% of the labour force in 2020Nigeria: 0.23% of the labour force in 2020
- Arms importsMadagascar: 3 million TIV in 2025Nigeria: 21 million TIV in 2025