🇲🇬 Madagascar National Debt Clock
Live tracker for Madagascar government debt. The national debt currently stands at approximately $10.2 billion, growing at $36 per second based on IMF fiscal deficit projections. Debt-to-GDP: 48%. Per-citizen share: $316.
Among the 135 governments tracked here, Madagascar ranks 83rd by debt-to-GDP, 124th by total debt and 133rd by debt per person.
About Madagascar's National Debt
Madagascar holds moderate debt but remains one of the world's poorest countries, dependent on concessional aid and highly vulnerable to cyclones and external shocks.
Madagascar's debt-to-GDP ratio of 48% is moderate: higher than 39% of the 135 governments tracked here. No ratio is safe or dangerous on its own — whether a debt is sustainable depends on the interest rate on it, how fast the economy grows, the currency it is owed in and who holds it. By total government debt, Madagascar ranks 124th of the 135 governments tracked here.
At the current borrowing rate of $36 per second, Madagascar adds about $3 million to its government debt every day — roughly $1.1 billion per year. Each of Madagascar's 32 million residents carries an individual share of approximately $316. That is below the world average of roughly $14,600 in government debt per person.
Figures are computed by Global Debt Clock by linear extrapolation from each country's baseline figure, named in the source line on this page (for most countries, the IMF World Economic Outlook, October 2026). Actual debt changes through discrete bond issuances — these counters illustrate the approximate scale and pace of sovereign borrowing.
Madagascar National Debt — Frequently Asked Questions
What is Madagascar's national debt right now?
Madagascar's national debt is approximately $10.2 billion as of October 27, 2026, growing at $36 per second. Its debt-to-GDP ratio is 48% and each citizen's share is about $316.
How fast is Madagascar's debt growing?
Madagascar's government debt is growing at approximately $36 per second — about $3 million per day — derived from the IMF's projections for 2026.
What is Madagascar's debt per capita?
Each of Madagascar's 32 million residents carries a notional share of approximately $316 of the national debt.
What is Madagascar's debt-to-GDP ratio?
Madagascar's debt-to-GDP ratio is 48%. That is higher than 39% of the 135 governments tracked here.
Why is Madagascar's government debt at this level?
Madagascar holds moderate debt but remains one of the world's poorest countries, dependent on concessional aid and highly vulnerable to cyclones and external shocks.
Compare Madagascar vs another country
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Further reading
Other Africa countries
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Data & Citation
Source: IMF WEO October 2026 (GGXWDG, end-2025 stock) · baseline anchored .
Methodology: debt = 9,295,172,576 + 36 × seconds_since(2026-01-01)
Machine-readable data: /api/debt?c=mg (live JSON) · /data/debt.json (full dataset)
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