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Economy of Burundi vs Madagascar compared: GDP & Debt

Updated on by Georank

Burundi has a GDP of $3.36B compared to $19.6B for Madagascar, ranking 169/197 and 136/197 by economy size, respectively.

Burundi has $1.39B in government debt (41.2% of GDP), compared to $9.56B (48.7% of GDP) in Madagascar.

Burundi vs Madagascar GDP by year

Burundi
Madagascar
1x
Year GDP, current $
Burundi Madagascar
2025 $3,364,713,864 $19,620,352,036
2024 $3,037,579,858 $17,592,832,696
2023 $3,419,558,408 $16,036,707,976
2022 $4,020,736,757 $15,342,178,598
2021 $3,425,127,991 $14,354,731,964
2020 $3,188,355,944 $13,051,441,204
2019 $2,871,555,326 $14,104,664,679
2018 $2,913,411,408 $13,760,033,282
2017 $2,831,362,208 $13,176,313,594
2016 $2,618,093,125 $11,848,613,858
2015 $2,810,532,912 $11,323,020,701
2014 $2,705,826,648 $12,522,957,399
2013 $2,451,624,638 $12,423,555,455
2012 $2,327,402,363 $11,578,975,062
2011 $2,235,812,880 $11,551,819,618
2010 $2,032,135,192 $9,982,711,338
2009 $1,775,495,032 $9,616,879,409
2008 $1,611,835,857 $10,725,137,724
2007 $1,356,199,387 $8,524,620,890
2006 $1,273,375,078 $6,395,712,491
2005 $1,117,113,080 $5,859,269,753
2004 $915,257,323 $5,064,732,626
2003 $784,654,424 $6,372,498,890
2002 $825,394,519 $5,351,701,663
2001 $876,794,723 $5,438,332,602
2000 $870,486,066 $4,629,247,204
1999 $808,077,223 $4,277,903,780
1998 $893,770,740 $4,401,967,633
1997 $972,896,268 $4,262,965,420
1996 $869,033,856 $4,931,861,039
1995 $1,000,428,394 $3,838,100,904
1994 $925,030,590 $3,522,227,092
1993 $938,632,612 $4,063,298,919
1992 $1,083,037,671 $3,714,966,678
1991 $1,167,398,478 $3,254,713,056
1990 $1,132,101,253 $3,931,334,875
1989 $1,113,924,130 $3,175,638,333
1988 $1,082,403,219 $3,189,456,965
1987 $1,131,466,494 $3,212,900,556
1986 $1,201,725,497 $4,347,989,788
1985 $1,149,979,286 $3,802,557,895
1984 $987,143,931 $3,905,938,481
1983 $1,082,926,304 $4,686,457,031
1982 $1,013,222,222 $4,784,977,326
1981 $969,046,667 $4,759,333,998
1980 $919,726,667 $5,201,818,348
1979 $782,496,667 $3,463,565,854
1978 $610,225,556 $2,669,755,115
1977 $547,535,556 $2,358,930,406
1976 $448,412,754 $2,181,844,179
1975 $420,986,667 $2,283,049,215
1974 $345,263,492 $1,917,508,190
1973 $304,339,524 $1,653,062,335
1972 $246,804,571 $1,341,590,690
1971 $252,842,286 $1,199,507,631
1970 $242,732,571 $1,111,859,571
1969 $190,205,714 $1,056,391,056
1968 $183,200,000 $1,031,669,637
1967 $178,297,143 $956,436,932
1966 $165,444,571 $900,264,585
1965 $158,994,963 $833,563,473
1964 $260,750,008 $802,482,184
1963 $232,749,998 $759,345,864
1962 $213,500,006 $739,286,908
1961 $202,999,992 $699,161,945
1960 $195,999,990 $673,081,725

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

GDP per capita in Burundi vs Madagascar by year

Burundi
GDP per capita

GDP per capita, PPP
Madagascar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Burundi Madagascar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2025 $233.8 - $599 -
2024 $216.2 $1,195 $550 $1,884
2023 $249.8 $1,150 $514 $1,808
2022 $302 $1,105 $504 $1,717
2021 $264.2 $1,036 $483 $1,577
2020 $252.7 $958 $451 $1,490
2019 $234.3 $868 $500 $1,612
2018 $245.7 $823 $500 $1,547
2017 $246.1 $791 $492 $1,547
2016 $232.9 $764 $454 $1,562
2015 $254.4 $722 $445 $1,497
2014 $250.5 $724 $506 $1,499
2013 $234.8 $687 $515 $1,473
2012 $231.1 $637 $494 $1,464
2011 $230.1 $629 $506 $1,475
2010 $216.7 $614 $450 $1,464
2009 $198.4 $605 $446 $1,480
2008 $189.5 $609 $513 $1,577
2007 $166.2 $594 $420 $1,493
2006 $161.9 $580 $324 $1,416
2005 $147.2 $553 $306 $1,343
2004 $125.2 $552 $272.2 $1,280
2003 $111.4 $532 $353 $1,219
2002 $121 $545 $305 $1,121
2001 $132.2 $528 $319 $1,299
2000 $134.5 $519 $280.3 $1,236
1999 $127.5 $523 $267.4 $1,194
1998 $144.5 $533 $284.2 $1,162
1997 $160.3 $513 $284.4 $1,142
1996 $143.2 $513 $340 $1,119
1995 $164.9 $548 $273.1 $1,111
1994 $161.9 $619 $258.7 $1,104
1993 $165.3 $634 $308 $1,116
1992 $184.9 $640 $290.2 $1,101
1991 $204.7 $636 $262 $1,096
1990 $202.6 $598 $326 $1,166
1989 $203.6 - $271.3 -
1988 $201.7 - $280.5 -
1987 $215.6 - $290.8 -
1986 $234.3 - $405 -
1985 $228.4 - $364 -
1984 $200.4 - $385 -
1983 $225.2 - $476 -
1982 $216.4 - $501 -
1981 $212.2 - $513 -
1980 $209.8 - $578 -
1979 $186.2 - $396 -
1978 $148.8 - $315 -
1977 $137.4 - $286.9 -
1976 $115.5 - $273.5 -
1975 $110.9 - $295 -
1974 $93.2 - $255.3 -
1973 $84.3 - $226.8 -
1972 $68.2 - $189.6 -
1971 $69.9 - $174.6 -
1970 $68.8 - $166.6 -
1969 $55.1 - $162.9 -
1968 $54.2 - $163.6 -
1967 $54 - $155.9 -
1966 $51.4 - $150.7 -
1965 $50.6 - $143.2 -
1964 $85.3 - $141.5 -
1963 $78.4 - $137.4 -
1962 $73.4 - $137.3 -
1961 $71.6 - $133.3 -
1960 $70.9 - $131.7 -

Data sources: World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

Burundi's GDP per capita is $233.8, ranking 197/197, compared to $599 in Madagascar, ranking 194/197. Adjusted for purchasing power (GDP per capita PPP), Burundi ranks 196th at $1,195, while Madagascar ranks 187th at $1,884.

Economic indicators

Burundi Madagascar
Gross domestic product
$3.36B
2025
$19.6B
2025
GDP rank
169/197
2025
136/197
2025
GDP growth
4.24%
2024-2025
3%
2024-2025
GDP per capita
$233.8
2025
$599
2025
GDP per capita rank
197/197
2025
194/197
2025
GDP per capita, PPP
$1,195
2024
$1,884
2024
GDP per capita PPP rank
196/197
2024
187/197
2024
Government debt
$1.39B
2025
$9.56B
2025
Debt-to-GDP ratio
41.2%
2025
48.7%
2025
Government debt per person
$96.3
2025
$292
2025
Government debt per person rank
184/185
2025
179/185
2025
Average annual personal income after taxes
$1,052
2026
$1,285
2026
Income share by richest 10%
29.9%
2020
29.6%
2021
Income share by poorest 10%
2.9%
2020
2.9%
2021
Government expenditure, % of GDP
20.4%
2025
13.5%
2025
Consumer prices inflation
34.1%
2024-2025
8.05%
2024-2025
Unemployment rate
1.03%
2020
3.19%
2022
Population
14909238
33936132

Spending and national debt comparison by year

Burundi
Spending

Debt
Madagascar
Spending

Debt
1x
Year % of GDP
Burundi Madagascar
Government spending Government debt Government spending Government debt
2025 20.4% 41.2% 13.5% 48.7%
2024 22.3% 53.1% 16.1% 49.8%
2023 28.4% 59.9% 17.7% 52.1%
2022 33.5% 69.8% 16.2% 49.8%
2021 28.4% 63.6% 13.9% 49.4%
2020 29.2% 65.9% 16.4% 52.9%
2019 28.8% 60.1% 15.4% 41.3%
2018 26% 53% 14.4% 42.9%
2017 24.1% 46.9% 14.9% 40.1%
2016 22.6% 46.1% 13.5% 40.3%
2015 23.2% 39.9% 13% 44.1%
2014 28.5% 38% 12.6% 37.8%
2013 34.8% 37.9% 12.7% 36.2%
2012 37.5% 41.4% 11.5% 30.4%
2011 42.2% 42.7% 12% 29.9%
2010 40.8% 46.9% 12.3% 32.3%
2009 38% 25.7% 12.5% 34.9%
2008 41.2% 102.5% 15.7% 31%
2007 39% 129.6% 16.1% 28.2%
2006 36.5% 130.3% 18.5% 32.2%
2005 33.1% 137% 18.4% 74.4%
2004 39.2% 166.1% 21.7% 81.9%
2003 33.9% 159.9% 16.6% 85.9%
2002 21.9% 144.8% 12.4% 86.7%
2001 22.7% 113.6% 15.3% 82.1%
2000 21.7% 120% 15.3% 90.2%
1999 20.5% 140.6% 15.5% 104.1%
1998 19.9% 138.9% 16.9% 108.5%
1997 18.8% 122.8% 14.5% 89.7%
1996 24.4% 139.4% 14.4% 98.7%
1995 22.1% 117.1% 14.5% 95.8%
1994 19.4% 119.6% 16.7% 96%
1993 24% 112% 17.1% 105.2%
1992 26.1% 93.5% 16.2% 110.9%
1991 19.2% - 13.5% 113.8%
1990 17.4% - 13.3% 92.7%
1989 - - 15.5% 122%
1988 - - 11.4% 126.6%
1987 - - 10.4% 127.5%
1986 - - 11.1% 84.9%
1985 - - 11.8% 82.7%
1984 - - 13.9% 70.9%
1983 - - 13.4% 57.5%
1982 - - 14.3% 56.1%
1981 - - 18.2% 51.5%
1980 - - 22.7% 37.7%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1999, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

In 2025, Burundi's government spending was $686M, accounting for 20.4% of its GDP, while Madagascar spent $2.65B, or 13.5% of GDP.

Debt-to-GDP ratio is 41.2% in Burundi and 48.7% in Madagascar, ranking 129/185 and 109/185, respectively.

Government deficit by year

Deficit/surplus
Burundi

Madagascar
1x
Year Deficit/surplus, % of GDP
Burundi Madagascar
2025 -2.98% -2.21%
2024 -4.83% -2.49%
2023 -7.7% -4.15%
2022 -10.7% -5.45%
2021 -4.6% -2.83%
2020 -6.58% -3.96%
2019 -6.4% -1.42%
2018 -6.66% -1.34%
2017 -5.01% -2.1%
2016 -7.11% -1.11%
2015 -7.56% -2.85%
2014 -3.93% -1.96%
2013 -1.9% -3.4%
2012 -3.79% -2.24%
2011 -3.49% -2.04%
2010 -3.64% -0.76%
2009 -5.14% -2.26%
2008 -2.7% -1.72%
2007 -2.51% -2.31%
2006 -9.92% -5.71%
2005 -10.6% -2.47%
2004 -14.9% -4.23%
2003 -13.7% -3.32%
2002 -4.9% -4.09%
2001 -7.78% -3.61%
2000 -5.66% -2.35%
1999 -5.33% -2.42%
1998 -4.43% -5.31%
1997 -4.48% -2%
1996 -8.61% -3.97%
1995 -3.72% -5.09%
1994 -1.76% -7.23%
1993 -1.22% -6.34%
1992 -4.16% -5%
1991 4.14% -4.4%
1990 8.14% -0.49%
1989 - -3.35%
1988 - -0.57%
1987 - -2.12%
1986 - -2.24%
1985 - -2.39%
1984 - -6.09%
1983 - -6.04%
1982 - -6.97%
1981 - -9.97%
1980 - -11%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

In 2025, Burundi's government deficit, the difference between spending and revenue, was $100M, equivalent to 2.98% of GDP. This compares to Madagascar's deficit of $433M, or 2.21% of GDP.

Over the past 36 years, Burundi recorded a fiscal deficit in 34 of those years, while Madagascar ran a deficit in 36 years. On average, Burundi posted an annual deficit equal to 5.17% of GDP, compared to deficit of 3.18% of GDP for Madagascar.

Inflation comparison by year

Inflation
Burundi

Madagascar
1x
Year Consumer prices inflation
Burundi Madagascar
2025 34.1% 8.05%
2024 20.2% 7.61%
2023 26.9% 9.87%
2022 18.8% 8.16%
2021 8.4% 5.81%
2020 7.32% 4.2%
2019 -0.69% 5.61%
2018 -2.81% 8.59%
2017 16.1% 8.61%
2016 5.56% 6.04%
2015 5.54% 7.4%
2014 4.41% 6.08%
2013 7.94% 5.83%
2012 18.2% 5.71%
2011 9.59% 9.48%
2010 6.49% 9.25%
2009 10.6% 8.95%
2008 24.4% 9.3%
2007 8.41% 10.3%
2006 2.75% 10.8%
2005 13.3% 18.4%
2004 8.18% 14%
2003 10.6% -1.7%
2002 -1.37% 16.5%
2001 9.3% 7.92%
2000 24.4% 11.9%
1999 3.39% 9.93%
1998 12.5% 6.21%
1997 31.1% 4.49%

Data sources: World Bank | Economy & Growth (1997–2025, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

Over the past 29 years, Burundi has recorded an average annual inflation rate of 11.8%, compared with 8.38% in Madagascar. In 2025, inflation was 34.1% in Burundi and 8.05% in Madagascar.

Top exports between countries

Burundi
Export category Export value
Machinery & equipment $637K
Textiles & consumer goods $14K
Miscellaneous $5K
Madagascar
Export category Export value
Raw materials & minerals $15K
Machinery & equipment $8K
Raw agricultural goods $2K
Miscellaneous $1K

Balance of trade

Burundi Madagascar
Current account balance
-$461M
2025
-$749M
2024
Current account balance ranking
103/190
2025
110/190
2024
Current account balance, % of GDP
-13.7%
2025
-4.26%
2024
Goods imports
$1.1B
2025
$4.16B
2024
Goods exports
$407M
2025
$2.58B
2024
Service imports
$406M
2025
$1.27B
2024
Service exports
$148M
2025
$1.53B
2024
Imports of goods and services, % of GDP
24.4%
2023
32.9%
2025
Exports of goods and services, % of GDP
5.29%
2023
21.3%
2025

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Burundi Madagascar
Economic freedom 40.2 57
Economic freedom ranking 187/197 119/197
Property rights 27.2 39.8
Government integrity 15.5 26.8
Judicial effectiveness 7.5 33.7
Tax burden 76.1 90.5
Government spending 76.3 91.5
Fiscal health 14.6 68.8
Business freedom 27.2 37.3
Labor freedom 49.9 56.1
Monetary freedom 55.5 71.8
Trade freedom 52.2 67.6
Investment freedom 50 50
Financial freedom 30 50

Economic freedom comparison by year

Burundi
Madagascar
1x
Year Economic freedom index
Burundi Madagascar
2026 40.2 57
2025 39.7 57
2024 38.4 57.3
2023 41.9 58.9
2022 39.4 58.9
2021 49.9 57.7
2020 49 60.5
2019 48.9 56.6
2018 50.9 56.8
2017 53.2 57.4
2016 53.9 61.1
2015 53.7 61.7
2014 51.4 61.7
2013 49 62
2012 48.1 62.4
2011 49.6 61.2
2010 47.5 63.2
2009 48.8 62.2
2008 46.2 62.4
2007 46.9 61.1
2006 48.7 61
2005 - 63.1
2004 - 60.9
2003 - 62.8
2002 - 56.8
2001 - 53.9
2000 42.6 54.4
1999 41.1 52.8
1998 44.7 51.8
1997 45.4 53.8
1996 - 52.2
1995 - 51.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

The Economic Freedom Index for Burundi is 40.2, ranking 187/197, compared to 57 for Madagascar, ranking 119/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Burundi Madagascar
Services, % of GDP
42.1%
2025
48.8%
2025
Industry, % of GDP
18.2%
2025
23.9%
2025
Agriculture, forestry, and fishing, % of GDP
34.3%
2025
21.7%
2025
GNI, Atlas method
$3.46B
2025
$18.2B
2025
GNI per capita, PPP
$1,250
2025
$1,910
2025
Total reserves including gold
$90.3M
2023
$2.78B
2024
Total reserves ranking
174/177
2023
122/177
2024
Net foreign direct investment
-$31.2M
2025
-$472M
2024
Net inflows of foreign direct investment
$33.3M
2024
$606M
2024
Net outflows of foreign direct investment
$8.51M
2024
$134M
2024
Servicing debt to the IMF, % of GNI
1.18%
2024
1.71%
2024
Poverty at national poverty lines
51%
2020
75.2%
2021
Gross capital formation, % of GDP
10%
2023
24.1%
2025

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2025, retrieved 2026-07-08); U.S. Census Bureau (1985–2025, retrieved 2026-07-08).

GeoRank.org/economy/burundi/madagascar | CC BY

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Data sources:

  1. World Bank | Economy & Growth (1960–2025, retrieved 2026-07-08)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2025, retrieved 2026-07-08)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-07-08)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1999, retrieved 2026-07-08)
  5. U.S. Census Bureau (1985–2025, retrieved 2026-07-08)
  6. TradeMap (2022–2025, retrieved 2026-07-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-07-08)
  8. LivingCost (2026, retrieved 2026-07-08)

Creative Commons Attribution (CC BY) — you’re free to copy, share, remix, adapt, and use even commercially as long as you give appropriate credit and clearly indicate if you made changes. Other sources may be subject to different license terms.

The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.