Madagascar—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic Outlook ↗Global Rank: #138 of 192Updated August 2026
Latest Value
-3.6%
2031
YoY Change
+5.3%
2030 → 2031
Global Rank
#138
of 192 countries
Maximum
-0.8%
2010
Minimum
-5.7%
2006
Last
-3.6%
Previous
-3.8%
Highest
-0.8%
Lowest
-5.7%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Madagascar's fiscal balance (% of GDP) was -4.6% in 2026, ranking #138 out of 192 countries. This represents a +5.3% change from 2030. Over the past 27 years, the highest recorded value was -0.8% (2010) and the lowest was -5.7% (2006). The IMF WEO projects -3.6% by 2031. Data sourced from the IMF World Economic Outlook.
Actual
IMF Forecast
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2031 | -3.6% | +5.3% |
| 2030 | -3.8% | +2.6% |
| 2029 | -3.9% | +0.0% |
| 2028 | -3.9% | +0.0% |
| 2027 | -3.9% | +15.2% |
| 2026 | -4.6% | -109.1% |
| 2025 | -2.2% | +12.0% |
| 2024 | -2.5% | +40.5% |
| 2023 | -4.2% | +23.6% |
| 2022 | -5.5% | -96.4% |
| 2021 | -2.8% | +30.0% |
| 2020 | -4.0% | -185.7% |
| 2019 | -1.4% | -7.7% |
| 2018 | -1.3% | +38.1% |
| 2017 | -2.1% | -90.9% |
| 2016 | -1.1% | +62.1% |
| 2015 | -2.9% | -45.0% |
| 2014 | -2.0% | +41.2% |
| 2013 | -3.4% | -54.5% |
| 2012 | -2.2% | -10.0% |
| 2011 | -2.0% | -150.0% |
| 2010 | -0.8% | +65.2% |
| 2009 | -2.3% | -35.3% |
| 2008 | -1.7% | +26.1% |
| 2007 | -2.3% | +59.6% |
| 2006 | -5.7% | -128.0% |
| 2005 | -2.5% | +40.5% |
| 2004 | -4.2% | -27.3% |
| 2003 | -3.3% | +19.5% |
| 2002 | -4.1% | -13.9% |
| 2001 | -3.6% | -50.0% |
| 2000 | -2.4% |
IMF Forecast
Projections from the IMF World Economic Outlook. These are staff estimates, not guarantees.
| Year | Projected Value | Change from Previous |
|---|---|---|
| 2026Forecast | -4.6% | -109.1% |
| 2027Forecast | -3.9% | +15.2% |
| 2028Forecast | -3.9% | +0.0% |
| 2029Forecast | -3.9% | +0.0% |
| 2030Forecast | -3.8% | +2.6% |
| 2031Forecast | -3.6% | +5.3% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 27.6% | 2026 |
| 2 | Naoero | 13.1% | 2026 |
| 3 | Norway | 10.2% | 2026 |
| 4 | Oman | 5.2% | 2026 |
| 5 | United Arab Emirates | 4.9% | 2026 |
| 6 | Lesotho | 4.2% | 2026 |
| 7 | Macao SAR, China | 4.2% | 2026 |
| 8 | Singapore | 3.3% | 2026 |
| 9 | Lebanon | 3.3% | 2025 |
| 10 | Liechtenstein | 3.0% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP