Annual inflation, consumer prices in Madagascar
Madagascar: Annual inflation, consumer prices was 9.9% in 2023. ▼ Falling
Annual inflation, consumer prices in Madagascar, 2000–2023
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for annual inflation, consumer prices in Madagascar is 9.9%, measured in 2023.
The figure is up 21.0% on the previous year and up 69.5% over ten years.
Over the whole period, annual inflation, consumer prices in Madagascar peaked at 18.4% in 2005 and was at its lowest, -1.7%, in 2003.
That places Madagascar 32nd out of 203 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently falling across the 24 years of available data.
Annual inflation, consumer prices in Madagascar, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 11.9% | — |
| 2001 | 7.9% | -33.2% |
| 2002 | 16.5% | +108.4% |
| 2003 | -1.7% | -110.3% |
| 2004 | 14.0% | -919.0% |
| 2005 | 18.4% | +31.6% |
| 2006 | 10.8% | -41.4% |
| 2007 | 10.3% | -4.4% |
| 2008 | 9.3% | -9.6% |
| 2009 | 9.0% | -3.7% |
| 2010 | 9.2% | +3.3% |
| 2011 | 9.5% | +2.5% |
| 2012 | 5.7% | -39.7% |
| 2013 | 5.8% | +2.0% |
| 2014 | 6.1% | +4.4% |
| 2015 | 7.4% | +21.8% |
| 2016 | 6.0% | -18.5% |
| 2017 | 8.6% | +42.6% |
| 2018 | 8.6% | -0.2% |
| 2019 | 5.6% | -34.7% |
| 2020 | 4.2% | -25.1% |
| 2021 | 5.8% | +38.3% |
| 2022 | 8.2% | +40.4% |
| 2023 | 9.9% | +21.0% |
Madagascar compared with similar countries
- Madagascar's 9.9% is above the median for low income countries, which is 8.9%, 1.1× the median. (21 countries reporting)
- Madagascar's 9.9% is above the median for Sub-Saharan Africa, which is 4.5%, 2.2× the median. (43 countries reporting)
Biggest year-on-year movements
Years where Annual inflation, consumer prices in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +919.0% | -1.7% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.6% | -1.7% | 18.4% | 10 |
| 2010s | 7.3% | 5.6% | 9.5% | 10 |
| 2020s | 7.0% | 4.2% | 9.9% | 4 |
Countries ranked near Madagascar
- 29 Vanuatu 11.2% compare
- 30 Kyrgyzstan 10.8% compare
- 31 Bangladesh 10.5% compare
- 33 Uzbekistan 9.6% compare
- 34 Niger 9.1% compare
- 35 Chad 8.9% compare
More development goals data for Madagascar
- Red List Index 0.724 index (2025)
- Number of refugees per 100,000 population, by country of origin 1.83 per 100,000 people (2025)
- Manufacturing value added per capita 52.05 constant US$ (2025)
- Number of transboundary breeds 17 (2025)
- Number of transboundary breeds (not extinct) 17 (2025)
- Number of transboundary breeds with unknown risk status 17 (2025)
- Number of local breeds with unknown risk status 17 (2025)
- Number of local breeds (not extinct) 17 (2025)
- Number of local breeds kept in the country 17 (2025)
- Infant deaths 42,981 (2024)
Frequently asked questions
- What is annual inflation, consumer prices in Madagascar?
- Annual inflation, consumer prices in Madagascar was 9.9% in 2023, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual inflation, consumer prices recorded in Madagascar?
- The highest recorded value was 18.4% in 2005.
- What is the lowest annual inflation, consumer prices recorded in Madagascar?
- The lowest recorded value was -1.7% in 2003.
- How does Madagascar rank for annual inflation, consumer prices?
- Madagascar ranks 32nd out of 203 countries with data for 2023.
- Is annual inflation, consumer prices rising or falling in Madagascar?
- Over the last ten years it is up 69.5%. The long-run trend across the full record is falling.
- Where does this Madagascar data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual inflation, consumer prices (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under UN SDG Global Database (open, attribution requested).