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Economy of Madagascar vs Sudan compared: GDP & Debt

Updated on by Georank team

Madagascar has a GDP of $17.4B compared to $49.7B for Sudan, ranking 136/197 and 94/197 by economy size, respectively.

Madagascar has $8.77B in government debt (50.3% of GDP), compared to $130B (261.4% of GDP) in Sudan.

Madagascar vs Sudan GDP by year

Madagascar
Sudan
1x
Year GDP, current $
Madagascar Sudan
2024 $17,420,501,490 $49,672,435,513
2023 $15,869,945,478 $39,898,289,821
2022 $15,325,603,273 $51,666,875,363
2021 $14,354,731,964 $34,229,513,775
2020 $13,051,441,204 $27,034,593,750
2019 $14,104,664,679 $32,338,079,165
2018 $13,760,033,282 $32,333,780,383
2017 $13,176,313,594 $41,283,617,976
2016 $11,848,613,858 $42,630,376,000
2015 $11,323,020,701 $51,726,758,677
2014 $12,522,957,399 $49,516,748,618
2013 $12,423,555,455 $43,024,018,082
2012 $11,578,975,062 $37,632,919,967
2011 $11,551,819,618 $55,018,567,211
2010 $9,982,711,338 $58,962,978,034
2009 $9,616,879,409 $51,621,044,077
2008 $10,725,137,724 $64,833,083,257
2007 $8,524,620,890 $59,440,139,775
2006 $6,395,712,491 $45,263,831,634
2005 $5,859,269,753 $35,182,711,988
2004 $5,064,732,626 $26,646,007,251
2003 $6,372,498,890 $21,355,298,460
2002 $5,351,701,663 $18,137,128,388
2001 $5,438,332,602 $15,716,361,792
2000 $4,629,247,204 $12,257,299,147
1999 $4,277,903,780 $10,682,028,340
1998 $4,401,967,633 $11,250,221,537
1997 $4,262,965,420 $11,681,175,864
1996 $4,931,861,039 $9,018,300,725
1995 $3,838,100,904 $13,830,363,900
1994 $3,522,227,092 $12,793,794,737
1993 $4,063,298,919 $8,881,005,436
1992 $3,714,966,678 $7,031,933,492
1991 $3,254,713,056 $44,171,194,366
1990 $3,931,334,875 $33,641,222,222
1989 $3,175,638,333 $21,408,111,111
1988 $3,189,456,965 $14,372,555,556
1987 $3,212,900,556 $12,093,333,333
1986 $4,347,989,788 $10,092,200,000
1985 $3,802,557,895 $8,075,259,600
1984 $3,905,938,481 $10,447,615,385
1983 $4,686,457,031 $8,230,153,846
1982 $4,784,977,326 $8,732,542,274
1981 $4,759,333,998 $10,753,888,154
1980 $5,201,818,348 $8,951,800,000
1979 $3,463,565,854 $8,418,407,787
1978 $2,669,755,115 $8,128,719,315
1977 $2,358,930,406 $7,499,005,639
1976 $2,181,844,179 $6,013,210,816
1975 $2,283,049,215 $4,823,090,192
1974 $1,917,508,190 $3,958,931,660
1973 $1,653,062,335 $3,077,254,460
1972 $1,341,590,690 $2,483,055,722
1971 $1,199,507,631 $2,288,340,041
1970 $1,111,859,571 $2,100,229,759
1969 $1,056,391,056 $1,847,501,441
1968 $1,031,669,637 $1,677,771,401
1967 $956,436,932 $1,607,409,539
1966 $900,264,585 $1,484,491,676
1965 $833,563,473 $1,446,869,619
1964 $802,482,184 $1,388,282,600
1963 $759,345,864 $1,351,234,926
1962 $739,286,908 $1,328,259,625
1961 $699,161,945 $1,222,860,429
1960 $673,081,725 $1,126,364,162

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

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

GDP per capita in Madagascar vs Sudan by year

Madagascar
GDP per capita

GDP per capita, PPP
Sudan
GDP per capita

GDP per capita, PPP
1x
Year Current $
Madagascar Sudan
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
2024 $545 $1,884 $985 $2,116
2023 $509 $1,808 $797 $2,421
2022 $504 $1,717 $1,046 $3,355
2021 $483 $1,577 $712 $3,249
2020 $451 $1,490 $578 $3,349
2019 $500 $1,612 $710 $3,914
2018 $500 $1,547 $731 $4,199
2017 $492 $1,547 $967 $4,252
2016 $454 $1,562 $1,033 $4,470
2015 $445 $1,497 $1,292 $4,217
2014 $506 $1,499 $1,275 $4,261
2013 $515 $1,473 $1,139 $3,725
2012 $494 $1,464 $1,019 $3,710
2011 $506 $1,475 $1,522 $4,112
2010 $450 $1,464 $1,665 $3,806
2009 $446 $1,480 $1,493 $3,732
2008 $513 $1,577 $1,928 $3,938
2007 $420 $1,493 $1,814 $3,836
2006 $324 $1,416 $1,415 $3,637
2005 $306 $1,343 $1,125 $3,407
2004 $272.2 $1,280 $872 $3,215
2003 $353 $1,219 $714 $3,058
2002 $305 $1,121 $621 $2,898
2001 $319 $1,299 $551 $2,769
2000 $280.3 $1,236 $441 $2,616
1999 $267.4 $1,194 $394 $2,475
1998 $284.2 $1,162 $425 $2,428
1997 $284.4 $1,142 $453 $2,358
1996 $340 $1,119 $357 $2,006
1995 $273.1 $1,111 $561 $1,902
1994 $258.7 $1,104 $532 $1,805
1993 $308 $1,116 $379 $1,794
1992 $290.2 $1,101 $307 $1,710
1991 $262 $1,096 $1,966 $1,599
1990 $326 $1,166 $1,528 $1,468
1989 $271.3 - $992 -
1988 $280.5 - $680 -
1987 $290.8 - $584 -
1986 $405 - $497 -
1985 $364 - $406 -
1984 $385 - $534 -
1983 $476 - $431 -
1982 $501 - $472 -
1981 $513 - $605 -
1980 $578 - $525 -
1979 $396 - $515 -
1978 $315 - $518 -
1977 $286.9 - $497 -
1976 $273.5 - $413 -
1975 $295 - $343 -
1974 $255.3 - $291.5 -
1973 $226.8 - $235.8 -
1972 $189.6 - $198.2 -
1971 $174.6 - $189 -
1970 $166.6 - $179.6 -
1969 $162.9 - $163.5 -
1968 $163.6 - $153.7 -
1967 $155.9 - $152.4 -
1966 $150.7 - $145.6 -
1965 $143.2 - $146.8 -
1964 $141.5 - $145.7 -
1963 $137.4 - $146.6 -
1962 $137.3 - $148.9 -
1961 $133.3 - $141.6 -
1960 $131.7 - $134.7 -

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

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

Madagascar's GDP per capita is $545, ranking 193/197, compared to $985 in Sudan, ranking 179/197. Adjusted for purchasing power (GDP per capita PPP), Madagascar ranks 187th at $1,884, while Sudan ranks 185th at $2,116.

Economic indicators

Madagascar Sudan
Gross domestic product
$17.4B
2024
$49.7B
2024
GDP rank
136/197
2024
94/197
2024
GDP growth
4.2%
2023-2024
-14%
2023-2024
GDP per capita
$545
2024
$985
2024
GDP per capita rank
193/197
2024
179/197
2024
GDP per capita, PPP
$1,884
2024
$2,116
2024
GDP per capita PPP rank
187/197
2024
185/197
2024
Government debt
$8.77B
2024
$130B
2024
Debt-to-GDP ratio
50.3%
2024
261.4%
2024
Government debt per person
$274.3
2024
$2,574
2024
Government debt per person rank
180/185
2024
109/185
2024
Average annual personal income after taxes
$1,268
2026
$1,704
2026
Income share by richest 10%
29.6%
2021
27.8%
2014
Income share by poorest 10%
2.9%
2021
3.2%
2014
Government expenditure, % of GDP
16.2%
2024
6.39%
2024
Consumer prices inflation
9.87%
2022-2023
138.8%
2021-2022
Unemployment rate
3.19%
2022
7.53%
2022
Population
33750171
53335233

Spending and national debt comparison by year

Madagascar
Spending

Debt
Sudan
Spending

Debt
1x
Year % of GDP
Madagascar Sudan
Government spending Government debt Government spending Government debt
2024 16.2% 50.3% 6.39% 261.4%
2023 17.9% 52.7% 8.23% 259.9%
2022 16.2% 49.9% 17.9% 186.9%
2021 13.9% 49.4% 9.84% 189.6%
2020 16.4% 52.9% 10.9% 278.3%
2019 15.4% 41.3% 18.7% 216.5%
2018 14.4% 42.9% 16.8% 209.8%
2017 14.9% 40.1% 12.8% 149.5%
2016 13.5% 40.3% 9.98% 109.9%
2015 13% 44.1% 12.4% 93.2%
2014 12.6% 37.8% 13.5% 84.4%
2013 12.7% 36.2% 15.3% 105.8%
2012 11.5% 30.4% 16.5% 117.7%
2011 12% 29.9% 18.2% 78.1%
2010 12.3% 32.3% 17.4% 74.6%
2009 12.5% 34.9% 18.8% 71%
2008 15.7% 31% 19.7% 55.8%
2007 16.1% 28.2% 19.6% 53.7%
2006 18.5% 32.2% 18.8% 63.7%
2005 18.4% 74.4% 19.7% 75.5%
2004 21.7% 81.9% 16.5% 97.8%
2003 16.6% 85.9% 12.5% 117.4%
2002 12.4% 86.7% 10.5% 121.7%
2001 15.3% 82.1% 9.87% 125.6%
2000 15.3% 90.2% 10.4% 143.2%
1999 15.5% 104.1% 8.4% 160.5%
1998 16.9% 108.5% 7.79% 179.7%
1997 14.5% 89.7% 7.38% 167.7%
1996 14.4% 98.7% 9.31% 220.9%
1995 14.5% 95.8% 12.9% 239%
1994 16.7% 96% 19.6% 386%
1993 17.1% 105.2% 23.7% 285.9%
1992 16.2% 110.9% 50.4% 495%
1991 13.5% 113.8% 45.7% -
1990 13.3% 92.7% 31% -
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Madagascar's government spending was $2.82B, accounting for 16.2% of its GDP, while Sudan spent $3.17B, or 6.39% of GDP.

Debt-to-GDP ratio is 50.3% in Madagascar and 261.4% in Sudan, ranking 106/185 and 1/185, respectively.

Government deficit by year

Deficit/surplus
Madagascar

Sudan
1x
Year Deficit/surplus, % of GDP
Madagascar Sudan
2024 -2.48% -3.46%
2023 -4.19% -3.7%
2022 -5.46% -2.15%
2021 -2.83% -0.29%
2020 -3.96% -6.03%
2019 -1.42% -10.8%
2018 -1.34% -7.92%
2017 -2.1% -6.07%
2016 -1.11% -3.92%
2015 -2.85% -3.87%
2014 -1.96% -4.72%
2013 -3.4% -5.76%
2012 -2.24% -7.37%
2011 -2.04% -2.33%
2010 -0.76% 0.11%
2009 -2.26% -3.8%
2008 -1.72% 0.49%
2007 -2.31% -2.84%
2006 -5.71% -1.32%
2005 -2.47% -1.88%
2004 -4.23% 0.16%
2003 -3.32% 0.77%
2002 -4.09% -0.69%
2001 -3.61% -0.77%
2000 -2.35% -0.7%
1999 -2.42% -0.8%
1998 -5.31% -0.56%
1997 -2% -0.59%
1996 -3.97% -2.61%
1995 -5.09% -3.48%
1994 -7.23% -3.03%
1993 -6.34% -8.04%
1992 -5% -24.5%
1991 -4.4% -26.5%
1990 -0.49% -16.2%
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 (1990–2024, retrieved 2026-02-20); International Monetary Fund (IMF) | Public Finances in Modern History (1980–1989, retrieved 2026-02-20).

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

In 2024, Madagascar's government deficit, the difference between spending and revenue, was $432M, equivalent to 2.48% of GDP. This compares to Sudan's deficit of $1.72B, or 3.46% of GDP.

Over the past 35 years, Madagascar recorded a fiscal deficit in 35 of those years, while Sudan ran a deficit in 31 years. On average, Madagascar posted an annual deficit equal to 3.21% of GDP, compared to deficit of 4.72% of GDP for Sudan.

Inflation comparison by year

Inflation
Madagascar

Sudan
1x
Year Consumer prices inflation
Madagascar Sudan
2023 9.87% -
2022 8.16% 138.8%
2021 5.81% 359%
2020 4.2% 163.3%
2019 5.61% 51%
2018 8.59% 63.3%
2017 8.61% 32.4%
2016 6.04% 17.8%
2015 7.4% 16.9%
2014 6.08% 36.9%
2013 5.83% 36.5%
2012 5.71% 35.6%
2011 9.48% 18.1%
2010 9.25% 13%
2009 8.95% 11.3%
2008 9.3% 14.3%
2007 10.3% 14.8%
2006 10.8% 7.2%
2005 18.4% 8.51%
2004 14% 9.66%
2003 -1.7% 6.49%
2002 16.5% 22.2%
2001 7.92% 1.94%
2000 11.9% 7.12%
1999 9.93% 17.2%
1998 6.21% 24.6%
1997 4.49% 47.2%

Data sources: World Bank | Economy & Growth (1997–2023, retrieved 2026-04-06).

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

Over the past 26 years, Madagascar has recorded an average annual inflation rate of 8.37%, compared with 45.2% in Sudan. In 2022, inflation was 9.87% in Madagascar and 138.8% in Sudan.

Top exports between countries

Madagascar
Export category Export value
Raw agricultural goods $922K
Textiles & consumer goods $20K
Machinery & equipment $13K
Raw materials & minerals $6K
Sudan
Export category Export value
Animal & marine products $20K
Raw agricultural goods $10K

Balance of trade

Madagascar Sudan
Current account balance
-$829M
2022
-$4.44B
2022
Current account balance ranking
119/190
2022
165/190
2022
Current account balance, % of GDP
-5.41%
2022
-8.6%
2022
Goods imports
$4.52B
2022
$9.99B
2022
Goods exports
$3.55B
2022
$4.36B
2022
Service imports
$1.52B
2022
$1.59B
2022
Service exports
$1.14B
2022
$1.55B
2022
Imports of goods and services, % of GDP
31.7%
2024
1.27%
2024
Exports of goods and services, % of GDP
23.3%
2024
0.72%
2024

Economic freedom indices

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

Madagascar Sudan
Economic freedom 57 32.5
Economic freedom ranking 119/197 191/197
Property rights 39.8 6.5
Government integrity 26.8 13.8
Judicial effectiveness 33.7 2.4
Tax burden 90.5 84.7
Government spending 91.5 96.5
Fiscal health 68.8 64.6
Business freedom 37.3 27.3
Labor freedom 56.1 33.6
Monetary freedom 71.8 6.2
Trade freedom 67.6 29.6
Investment freedom 50 5
Financial freedom 50 20

Economic freedom comparison by year

Madagascar
Sudan
1x
Year Economic freedom index
Madagascar Sudan
2026 57 32.5
2025 57 35.3
2024 57.3 33.9
2023 58.9 32.8
2022 58.9 32
2021 57.7 39.1
2020 60.5 45
2019 56.6 47.7
2018 56.8 49.4
2017 57.4 48.8
2016 61.1 -
2015 61.7 -
2014 61.7 -
2013 62 -
2012 62.4 -
2011 61.2 -
2010 63.2 -
2009 62.2 -
2008 62.4 -
2007 61.1 -
2006 61 -
2005 63.1 -
2004 60.9 -
2003 62.8 -
2002 56.8 -
2001 53.9 -
2000 54.4 47.2
1999 52.8 39.6
1998 51.8 38.3
1997 53.8 39.9
1996 52.2 39.2
1995 51.6 39.4

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

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

The Economic Freedom Index for Madagascar is 57, ranking 119/197, compared to 32.5 for Sudan, ranking 191/197. The chart above displays a comparison of annual changes in economic freedom indexes.

Other economic metrics

Madagascar Sudan
Services, % of GDP
47.7%
2024
54.7%
2024
Industry, % of GDP
22.8%
2024
23.2%
2024
Agriculture, forestry, and fishing, % of GDP
22.5%
2024
22.2%
2024
GNI, Atlas method
$16.4B
2024
$35.8B
2024
GNI per capita, PPP
$1,830
2024
$2,050
2024
Total reserves including gold
$2.78B
2024
$178M
2017
Total reserves ranking
120/177
2024
171/177
2017
Net foreign direct investment
-$326M
2022
-$574M
2022
Net inflows of foreign direct investment
$606M
2024
$548M
2023
Net outflows of foreign direct investment
$134M
2024
$0
2024
Servicing debt to the IMF, % of GNI
1.72%
2024
0.42%
2024
Poverty at national poverty lines
75.2%
2021
46.5%
2020
Gross capital formation, % of GDP
22.2%
2024
2.89%
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/madagascar/sudan | CC BY

Compare countries by 7 more topics

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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 (2018–2024, 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.