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Economy of Jordan vs Madagascar compared: GDP & Debt

Updated on by Georank team

Jordan has a GDP of $53.4B compared to $17.4B for Madagascar, ranking 90/197 and 136/197 by economy size, respectively.

Jordan has $48.1B in government debt (90.2% of GDP), compared to $8.77B (50.3% of GDP) in Madagascar.

Jordan vs Madagascar GDP by year

Jordan
Madagascar
1x
Year GDP, current $
Jordan Madagascar
2024 $53,352,289,577 $17,420,501,490
2023 $51,088,476,338 $15,869,945,478
2022 $48,764,963,380 $15,325,603,273
2021 $46,296,100,141 $14,354,731,964
2020 $43,700,383,099 $13,051,441,204
2019 $44,503,006,338 $14,104,664,679
2018 $43,370,860,704 $13,760,033,282
2017 $41,608,435,915 $13,176,313,594
2016 $39,892,551,127 $11,848,613,858
2015 $38,587,017,887 $11,323,020,701
2014 $36,847,643,521 $12,522,957,399
2013 $34,454,440,141 $12,423,555,455
2012 $31,634,561,690 $11,578,975,062
2011 $29,524,149,155 $11,551,819,618
2010 $27,133,804,225 $9,982,711,338
2009 $24,537,876,056 $9,616,879,409
2008 $22,658,715,989 $10,725,137,724
2007 $17,110,437,236 $8,524,620,890
2006 $15,056,981,664 $6,395,712,491
2005 $12,588,998,590 $5,859,269,753
2004 $11,411,706,629 $5,064,732,626
2003 $10,195,627,645 $6,372,498,890
2002 $9,582,510,578 $5,351,701,663
2001 $8,975,814,653 $5,438,332,602
2000 $8,460,789,845 $4,629,247,204
1999 $8,149,929,478 $4,277,903,780
1998 $7,912,270,804 $4,401,967,633
1997 $7,245,839,210 $4,262,965,420
1996 $6,927,503,526 $4,931,861,039
1995 $6,727,597,032 $3,838,100,904
1994 $6,236,295,978 $3,522,227,092
1993 $5,606,400,222 $4,063,298,919
1992 $5,310,833,194 $3,714,966,678
1991 $4,344,467,193 $3,254,713,056
1990 $4,160,087,508 $3,931,334,875
1989 $4,221,373,674 $3,175,638,333
1988 $6,277,451,829 $3,189,456,965
1987 $6,756,209,762 $3,212,900,556
1986 $6,402,050,485 $4,347,989,788
1985 $4,993,601,520 $3,802,557,895
1984 $4,967,162,160 $3,905,938,481
1983 $4,920,692,191 $4,686,457,031
1982 $4,681,240,993 $4,784,977,326
1981 $4,383,944,703 $4,759,333,998
1980 $3,910,044,474 $5,201,818,348
1979 $3,271,368,781 $3,463,565,854
1978 $2,602,208,589 $2,669,755,115
1977 $2,096,778,602 $2,358,930,406
1976 $1,708,521,219 $2,181,844,179
1975 $1,363,073,498 $2,283,049,215
1974 $1,197,483,949 $1,917,508,190
1973 $943,783,840 $1,653,062,335
1972 $788,479,685 $1,341,590,690
1971 $678,159,729 $1,199,507,631
1970 $639,519,744 $1,111,859,571
1969 $698,879,720 $1,056,391,056
1968 $561,119,776 $1,031,669,637
1967 $631,679,747 $956,436,932
1966 $657,999,737 $900,264,585
1965 $599,759,760 $833,563,473
1964 - $802,482,184
1963 - $759,345,864
1962 - $739,286,908
1961 - $699,161,945
1960 - $673,081,725

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

GDP per capita in Jordan vs Madagascar by year

Jordan
GDP per capita

GDP per capita, PPP
Madagascar
GDP per capita

GDP per capita, PPP
1x
Year Current $
Jordan Madagascar
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $4,618 $10,821 $545 $1,884
2023 $4,466 $10,412 $509 $1,808
2022 $4,332 $9,927 $504 $1,717
2021 $4,183 $9,182 $483 $1,577
2020 $4,022 $9,579 $451 $1,490
2019 $4,170 $9,429 $500 $1,612
2018 $4,145 $9,042 $500 $1,547
2017 $4,066 $9,266 $492 $1,547
2016 $3,987 $8,748 $454 $1,562
2015 $4,043 $8,967 $445 $1,497
2014 $4,191 $9,145 $506 $1,499
2013 $4,311 $9,817 $515 $1,473
2012 $4,170 $9,739 $494 $1,464
2011 $3,947 $9,632 $506 $1,475
2010 $3,718 $9,417 $450 $1,464
2009 $3,436 $9,291 $446 $1,480
2008 $3,242 $8,983 $513 $1,577
2007 $2,506 $8,416 $420 $1,493
2006 $2,343 $8,046 $324 $1,416
2005 $2,088 $7,697 $306 $1,343
2004 $1,940 $7,074 $272.2 $1,280
2003 $1,776 $6,500 $353 $1,219
2002 $1,706 $6,256 $305 $1,121
2001 $1,632 $5,948 $319 $1,299
2000 $1,571 $5,641 $280.3 $1,236
1999 $1,545 $5,402 $267.4 $1,194
1998 $1,532 $5,264 $284.2 $1,162
1997 $1,436 $5,171 $284.4 $1,142
1996 $1,410 $5,055 $340 $1,119
1995 $1,416 $5,027 $273.1 $1,111
1994 $1,367 $4,830 $258.7 $1,104
1993 $1,289 $4,726 $308 $1,116
1992 $1,287 $4,654 $290.2 $1,101
1991 $1,110 $4,195 $262 $1,096
1990 $1,149 $4,317 $326 $1,166
1989 $1,260 - $271.3 -
1988 $1,966 - $280.5 -
1987 $2,217 - $290.8 -
1986 $2,200 - $405 -
1985 $1,797 - $364 -
1984 $1,871 - $385 -
1983 $1,939 - $476 -
1982 $1,929 - $501 -
1981 $1,885 - $513 -
1980 $1,750 - $578 -
1979 $1,519 - $396 -
1978 $1,249 - $315 -
1977 $1,039 - $286.9 -
1976 $873 - $273.5 -
1975 $718 - $295 -
1974 $651 - $255.3 -
1973 $531 - $226.8 -
1972 $460 - $189.6 -
1971 $412 - $174.6 -
1970 $409 - $166.6 -
1969 $474 - $162.9 -
1968 $409 - $163.6 -
1967 $497 - $155.9 -
1966 $558 - $150.7 -
1965 $546 - $143.2 -
1964 - - $141.5 -
1963 - - $137.4 -
1962 - - $137.3 -
1961 - - $133.3 -
1960 - - $131.7 -

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

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

Jordan's GDP per capita is $4,618, ranking 123/197, compared to $545 in Madagascar, ranking 193/197. Adjusted for purchasing power (GDP per capita PPP), Jordan ranks 131st at $10,821, while Madagascar ranks 187th at $1,884.

Economic indicators

Jordan Madagascar
Gross domestic product
$53.4B
2024
$17.4B
2024
GDP rank
90/197
2024
136/197
2024
GDP growth
2.49%
2023-2024
4.2%
2023-2024
GDP per capita
$4,618
2024
$545
2024
GDP per capita rank
123/197
2024
193/197
2024
GDP per capita, PPP
$10,821
2024
$1,884
2024
GDP per capita PPP rank
131/197
2024
187/197
2024
Government debt
$48.1B
2024
$8.77B
2024
Debt-to-GDP ratio
90.2%
2024
50.3%
2024
Government debt per person
$4,167
2024
$274.3
2024
Government debt per person rank
91/185
2024
180/185
2024
Average annual personal income after taxes
$4,787
2026
$1,268
2026
Market capitalization of domestic companies
$24.9B
2024
n/a
Income share by richest 10%
27.4%
2010
29.6%
2021
Income share by poorest 10%
3.5%
2010
2.9%
2021
Government expenditure, % of GDP
33%
2024
16.2%
2024
Consumer prices inflation
1.56%
2023-2024
9.87%
2022-2023
Central bank interest rate
5.75%
2025
n/a
Unemployment rate
16.6%
2023
3.19%
2022
Population
11555022
33750171

Spending and national debt comparison by year

Jordan
Spending

Debt
Madagascar
Spending

Debt
1x
Year % of GDP
Jordan Madagascar
Government spending Government debt Government spending Government debt
2024 33% 90.2% 16.2% 50.3%
2023 32.9% 89% 17.9% 52.7%
2022 33.3% 88.6% 16.2% 49.9%
2021 34.1% 87.6% 13.9% 49.4%
2020 33.7% 104.5% 16.4% 52.9%
2019 32.4% 92.9% 15.4% 41.3%
2018 32% 87.4% 14.4% 42.9%
2017 29.6% 86.1% 14.9% 40.1%
2016 29.8% 85% 13.5% 40.3%
2015 31.7% 83.4% 13% 44.1%
2014 39.2% 78.6% 12.6% 37.8%
2013 36.4% 78.1% 12.7% 36.2%
2012 32.2% 73.8% 11.5% 30.4%
2011 27.4% 63.9% 12% 29.9%
2010 29.8% 59.5% 12.3% 32.3%
2009 35.9% 55.5% 12.5% 34.9%
2008 35.8% 53.2% 15.7% 31%
2007 37.7% 64.4% 16.1% 28.2%
2006 34.7% 65.6% 18.5% 32.2%
2005 37.3% 80.5% 18.4% 74.4%
2004 36.6% 86% 21.7% 81.9%
2003 36% 94.6% 16.6% 85.9%
2002 32.9% 91.3% 12.4% 86.7%
2001 32.1% 89.7% 15.3% 82.1%
2000 33.1% 85.6% 15.3% 90.2%
1999 32.7% 98.1% 15.5% 104.1%
1998 34.9% 99.8% 16.9% 108.5%
1997 33.9% 98.1% 14.5% 89.7%
1996 36.2% 104.9% 14.4% 98.7%
1995 35.5% 106.1% 14.5% 95.8%
1994 34.3% 116.2% 16.7% 96%
1993 36.4% 126.6% 17.1% 105.2%
1992 35.5% 139.6% 16.2% 110.9%
1991 44.9% 187% 13.5% 113.8%
1990 44% 204.8% 13.3% 92.7%
1989 42.5% 195.4% 15.5% 122%
1988 44.3% 129.3% 11.4% 126.6%
1987 42.1% 101.9% 10.4% 127.5%
1986 33.8% 84.3% 11.1% 84.9%
1985 42.4% 85.2% 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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Jordan's government spending was $17.6B, accounting for 33% of its GDP, while Madagascar spent $2.82B, or 16.2% of GDP.

Debt-to-GDP ratio is 90.2% in Jordan and 50.3% in Madagascar, ranking 32/185 and 106/185, respectively.

Government deficit by year

Deficit/surplus
Jordan

Madagascar
1x
Year Deficit/surplus, % of GDP
Jordan Madagascar
2024 -7.33% -2.48%
2023 -6.89% -4.19%
2022 -6.8% -5.46%
2021 -8.45% -2.83%
2020 -10.1% -3.96%
2019 -7.19% -1.42%
2018 -5.78% -1.34%
2017 -3.61% -2.1%
2016 -3.71% -1.11%
2015 -7.1% -2.85%
2014 -15.5% -1.96%
2013 -16.1% -3.4%
2012 -13.8% -2.24%
2011 -5.61% -2.04%
2010 -5.43% -0.76%
2009 -8.66% -2.26%
2008 -5.38% -1.72%
2007 -5.45% -2.31%
2006 -3.82% -5.71%
2005 -5.36% -2.47%
2004 -1.09% -4.23%
2003 -2.52% -3.32%
2002 -4.44% -4.09%
2001 -2.77% -3.61%
2000 -3.99% -2.35%
1999 -2.69% -2.42%
1998 -5.4% -5.31%
1997 -2.97% -2%
1996 -3.25% -3.97%
1995 -1.72% -5.09%
1994 -2.3% -7.23%
1993 -2.14% -6.34%
1992 1.87% -5%
1991 -10.2% -4.4%
1990 -7.45% -0.49%
1989 -6.89% -3.35%
1988 -13% -0.57%
1987 -13.4% -2.12%
1986 -2.39% -2.24%
1985 -6.9% -2.39%
1984 - -6.09%
1983 - -6.04%
1982 - -6.97%
1981 - -9.97%
1980 - -11%

Data sources: International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Jordan's government deficit, the difference between spending and revenue, was $3.91B, equivalent to 7.33% of GDP. This compares to Madagascar's deficit of $432M, or 2.48% of GDP.

Over the past 40 years, Jordan recorded a fiscal deficit in 39 of those years, while Madagascar ran a deficit in 40 years. On average, Jordan posted an annual deficit equal to 6.14% of GDP, compared to deficit of 3.08% of GDP for Madagascar.

Inflation comparison by year

Inflation
Jordan

Madagascar
1x
Year Consumer prices inflation
Jordan Madagascar
2024 1.56% -
2023 2.08% 9.87%
2022 4.23% 8.16%
2021 1.35% 5.81%
2020 0.33% 4.2%
2019 0.76% 5.61%
2018 4.46% 8.59%
2017 3.32% 8.61%
2016 -0.78% 6.04%
2015 -0.88% 7.4%
2014 2.9% 6.08%
2013 4.82% 5.83%
2012 4.52% 5.71%
2011 4.16% 9.48%
2010 4.85% 9.25%
2009 -0.74% 8.95%
2008 14% 9.3%
2007 4.74% 10.3%
2006 6.25% 10.8%
2005 3.49% 18.4%
2004 3.36% 14%
2003 1.63% -1.7%
2002 1.83% 16.5%
2001 1.77% 7.92%
2000 0.67% 11.9%
1999 0.61% 9.93%
1998 3.09% 6.21%
1997 3.04% 4.49%

Data sources: World Bank | Economy & Growth (1997–2024, retrieved 2026-04-06).

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

Over the past 27 years, Jordan has recorded an average annual inflation rate of 2.96%, compared with 8.42% in Madagascar. In 2023, inflation was 1.56% in Jordan and 9.87% in Madagascar.

Top exports between countries

Jordan
Export category Export value
Metals $42K
Processed food, beverages & tobacco $32K
Chemicals & pharma $8K
Textiles & consumer goods $4K
Madagascar
Export category Export value
Raw agricultural goods $332K
Raw materials & minerals $47K
Miscellaneous $14K

Balance of trade

Jordan Madagascar
Current account balance
-$3.13B
2024
-$829M
2022
Current account balance ranking
158/190
2024
119/190
2022
Current account balance, % of GDP
-5.86%
2024
-5.41%
2022
Goods imports
$23.9B
2024
$4.52B
2022
Goods exports
$13.3B
2024
$3.55B
2022
Service imports
$6.5B
2024
$1.52B
2022
Service exports
$9.45B
2024
$1.14B
2022
Imports of goods and services, % of GDP
57.1%
2024
31.7%
2024
Exports of goods and services, % of GDP
42.6%
2024
23.3%
2024

Economic freedom indices

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

Jordan Madagascar
Economic freedom 59.3 57
Economic freedom ranking 104/197 119/197
Property rights 52.3 39.8
Government integrity 51 26.8
Judicial effectiveness 44 33.7
Tax burden 84.1 90.5
Government spending 67.2 91.5
Fiscal health 5.2 68.8
Business freedom 62.7 37.3
Labor freedom 51.3 56.1
Monetary freedom 81.2 71.8
Trade freedom 82 67.6
Investment freedom 70 50
Financial freedom 60 50

Economic freedom comparison by year

Jordan
Madagascar
1x
Year Economic freedom index
Jordan Madagascar
2026 59.3 57
2025 59.4 57
2024 58.3 57.3
2023 58.8 58.9
2022 60.1 58.9
2021 64.6 57.7
2020 66 60.5
2019 66.5 56.6
2018 64.9 56.8
2017 66.7 57.4
2016 68.3 61.1
2015 69.3 61.7
2014 69.2 61.7
2013 70.4 62
2012 69.9 62.4
2011 68.9 61.2
2010 66.1 63.2
2009 65.4 62.2
2008 64.1 62.4
2007 64.5 61.1
2006 63.7 61
2005 66.7 63.1
2004 66.1 60.9
2003 65.3 62.8
2002 66.2 56.8
2001 68.3 53.9
2000 67.5 54.4
1999 67.4 52.8
1998 66.8 51.8
1997 63.6 53.8
1996 60.8 52.2
1995 62.7 51.6

Data sources: The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09).

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

The Economic Freedom Index for Jordan is 59.3, ranking 104/197, compared to 57 for Madagascar, ranking 119/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Jordan Madagascar
Services, % of GDP
60.4%
2024
47.7%
2024
Industry, % of GDP
25.1%
2024
22.8%
2024
Agriculture, forestry, and fishing, % of GDP
5.07%
2024
22.5%
2024
GNI, Atlas method
$51.2B
2024
$16.4B
2024
GNI per capita, PPP
$10,570
2024
$1,830
2024
Total reserves including gold
$21.9B
2024
$2.78B
2024
Total reserves ranking
60/177
2024
120/177
2024
Net foreign direct investment
-$1.58B
2024
-$326M
2022
Net inflows of foreign direct investment
$1.63B
2024
$606M
2024
Net outflows of foreign direct investment
$54.1M
2024
$134M
2024
Servicing debt to the IMF, % of GNI
8.64%
2024
1.72%
2024
Poverty at national poverty lines
14.2%
2020
75.2%
2021
Gross capital formation, % of GDP
25.2%
2021
22.2%
2024

GDP per capita map

1x

Data sources: World Bank | Economy & Growth (1985–2024, retrieved 2026-04-06); U.S. Census Bureau (1985–2024, retrieved 2026-02-08).

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

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Data sources:

  1. World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06)
  2. International Monetary Fund (IMF) | Fiscal Monitor (1990–2024, retrieved 2026-02-20)
  3. The Heritage Foundation | Economic Freedom Index (1995–2026, retrieved 2026-03-09)
  4. International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20)
  5. U.S. Census Bureau (1985–2024, retrieved 2026-02-08)
  6. TradeMap (2020–2024, retrieved 2026-02-08)
  7. United Nations | World Population Prospects (2026, retrieved 2026-03-10)
  8. LivingCost (2026, retrieved 2025-10-14)
  9. Central Intelligence Agency (CIA) (2020, retrieved 2026-02-20)

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.