Madagascar recorded a Government Debt to GDP of 40.40 percent of the country's Gross Domestic Product in 2023. Government Debt to GDP in Madagascar averaged 43.85 percent of GDP from 2000 until 2024, reaching an all time high of 111.88 percent of GDP in 2000 and a record low of 24.30 percent of GDP in 2008. source: Direction Générale du Tresor
Government Debt to GDP in Madagascar is expected to reach 39.20 percent of GDP by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Government Debt to GDP is projected to trend around 40.40 percent of GDP in 2026 and 41.00 percent of GDP in 2027, according to our econometric models.