Four World Bank indicators describe Madagascar’s income and living standards. The latest available data show GDP per capita of $545 (2024); GNI per capita of $510 (2024); household consumption per capita of $337 (2025); GDP adjusted for purchasing power (PPP) of $60.21 billion (2024).
GDP per capita reached $545 in 2024, changing by +7.1% over the past year, +8.2% over two years, +9.0% over five years, +7.8% over ten years. By this indicator Madagascar ranks 210th of 214 countries, and 164th of 213 by five-year growth.
Gross national income (GNI) per capita stands at $510 as of 2024, changing by +0.0% over the past year, +2.0% over two years, +2.0% over five years, +2.0% over ten years. By this indicator Madagascar ranks 204th of 207 countries, and 171st of 206 by five-year growth.
Household consumption per capita amounts to $337 as of 2025, changing by +0.5% over the past year, +1.1% over two years, +2.5% over five years, +3.1% over ten years. By this indicator Madagascar ranks 177th of 180 countries, and 145th of 171 by five-year growth.
GDP at purchasing power parity (PPP) totals $60.21 billion in 2024, changing by +6.7% over the past year, +15.2% over two years, +32.3% over five years, +62.2% over ten years. By this indicator Madagascar ranks 125th of 203 countries, and 127th of 203 by five-year growth.
Madagascar Economic Indicators by Year
Data source: World Bank, World Development Indicators — GDP per capita (NY.GDP.PCAP.CD); GNI per capita (NY.GNP.PCAP.CD); Household consumption (NE.CON.PRVT.PC.KD); GDP, PPP (NY.GDP.MKTP.PP.CD).
License: CC BY-4.0. Retrieved 2026-07-11.
About the Indicators
GDP per capita. Gross domestic product divided by midyear population, in current U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes, minus subsidies not included in the value of the products.
GNI per capita. Gross national income divided by midyear population, converted to U.S. dollars with the World Bank Atlas method, which smooths short-term exchange-rate fluctuations. GNI equals GDP plus net receipts of primary income from abroad.
Household consumption per capita. Final consumption expenditure of households and non-profit institutions serving households per person, in constant 2015 U.S. dollars: the market value of all goods and services purchased by households, from food and housing to durable goods.
GDP, PPP. Gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States, which makes economies directly comparable.