Current Account Balance in Madagascar
The current account balance in Madagascar averaged -2.8% of GDP in the decade to 2021. The 2021 reading was -5.1% of GDP. For more current account information, visit our dedicated page.
Madagascar Current Account Chart
Note: This chart displays Current Account (% of GDP) for Madagascar from 2012 to 2021.
Source: Macrobond.
Madagascar Current Account Data
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Current Account Balance (% of GDP) | -2.1 | -4.8 | -5.1 | - | - |
| Current Account Balance (USD bn) | -0.3 | -0.6 | -0.7 | - | - |
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Malagasy current account projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable current account forecast available for Malagasy current account.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Malagasy current account projections.
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