Government Expenditure: Madagascar
Madagascar's government expenditure is currently 16.827 % of GDP as of 2026. # Madagascar Government Expenditure Madagascar's government expenditure stood at 16.
Current (2026)
16.827 % of GDP
+4.5% y/y
Peak (2004)
21.701 % of GDP
Low (2012)
11.516 % of GDP
Source
IMF World Economic Outlook
2004–2026 · 23 pts
Government Expenditure — Madagascar
2004 — 2026
Government Expenditure — Madagascar
Analysis# Madagascar Government Expenditure
Madagascar's government expenditure stood at 16.827% of GDP in 2026, representing a significant decline from its peak of 21.701% in 2004. Over this 22-year period, spending contracted by 22.5%. The 2012 low of 11.516% marks the floor for the measured range, suggesting the country has stabilized spending above historical minimums despite economic pressures.
Recent volatility characterizes Madagascar's fiscal trajectory. Expenditure climbed sharply to 17.919% in 2023 before moderating to 16.212% in 2024. The 2026 projection of 16.827% indicates a slight uptick from 2025 levels but remains well below mid-2020s peaks. Year-to-year fluctuations between 13.898% and 17.919% since 2017 reflect ongoing budgetary adjustments, though the medium-term trend suggests consolidation around the 16% mark.
Historical Data
23 Rows| Year | Value | Change % |
|---|---|---|
| 2026 | 16.827 % of GDP | +4.50% |
| 2025 | 16.103 % of GDP | -0.67% |
| 2024 | 16.212 % of GDP | -9.53% |
| 2023 | 17.919 % of GDP | +10.28% |
| 2022 | 16.248 % of GDP | +16.91% |
| 2021 | 13.898 % of GDP | -15.02% |
| 2020 | 16.355 % of GDP | +6.46% |
| 2019 | 15.362 % of GDP | +7.04% |
| 2018 | 14.351 % of GDP | -3.96% |
| 2017 | 14.942 % of GDP | +10.31% |
| 2016 | 13.546 % of GDP | +3.97% |
| 2015 | 13.029 % of GDP | +3.78% |
| 2014 | 12.555 % of GDP | -1.16% |
| 2013 | 12.702 % of GDP | +10.30% |
| 2012 | 11.516 % of GDP | -4.36% |
| 2011 | 12.041 % of GDP | -1.95% |
| 2010 | 12.281 % of GDP | -1.81% |
| 2009 | 12.508 % of GDP | -20.39% |
| 2008 | 15.711 % of GDP | -2.34% |
| 2007 | 16.087 % of GDP | -12.92% |
Show all 23 rows
| Year | Value | Change % |
|---|---|---|
| 2006 | 18.474 % of GDP | +0.66% |
| 2005 | 18.353 % of GDP | -15.43% |
| 2004 | 21.701 % of GDP | — |
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