Madagascar
Inflation in Madagascar
Inflation in Madagascar: 18.3% a year in 1980 and 8% a year in 2025, by IMF estimates.
- Latest, 2025
- 8% a year
- Since 1980
- −10.2 percentage points
- Rank, 2025
- 26 of 179
- counting from the highest
- Projected, 2031
- 5% a year
- IMF projection (World Economic Outlook, October 2026)
% a year · IMF
What the numbers say
- The IMF projection (World Economic Outlook, October 2026) puts it at 5% a year in 2031.
- The highest was 49% a year in 1995, the lowest -1.7% a year in 2003.
Every year
% a year · IMF
| Year | Madagascar |
|---|---|
| 2025 | 8 |
| 2024 | 7.6 |
| 2023 | 9.9 |
| 2022 | 8.2 |
| 2021 | 5.8 |
| 2020 | 4.2 |
| 2019 | 5.6 |
| 2018 | 8.6 |
| 2017 | 8.6 |
| 2016 | 6.1 |
| 2015 | 7.4 |
| 2014 | 6.1 |
| 2013 | 5.8 |
| 2012 | 5.7 |
| 2011 | 9.5 |
| 2010 | 9.2 |
| 2009 | 9 |
| 2008 | 9.3 |
| 2007 | 10.3 |
| 2006 | 10.8 |
| 2005 | 18.4 |
| 2004 | 14 |
| 2003 | -1.7 |
| 2002 | 16.5 |
| 2001 | 7.9 |
| 2000 | 11.6 |
| 1999 | 7.2 |
| 1998 | 6.2 |
| 1997 | 4.5 |
| 1996 | 19.8 |
| 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 |
|---|---|
| 2026 | 8.4 |
| 2027 | 8 |
| 2028 | 6.5 |
| 2029 | 6 |
| 2030 | 5.5 |
| 2031 | 5 |
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 in numbers
Every measure for Madagascar on one page
Health
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Politics
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Military
- Military spending0.62% of GDP in 2025
- Military spending in US dollars$111M in 2025
- Military spending per person$4 in 2025
- Military share of state spending3.8% of government spending in 2025
- Armed forces personnel22,000 people in 2020
- National power0.11% of world capability in 2022
- Armed forces, share of workers0.15% of the labour force in 2020
- Arms imports3 million TIV in 2025