🇲🇬 Madagascar National Debt Clock
Live tracker for Madagascar government debt. The national debt currently stands at approximately $10.2 billion, growing at $29 per second based on IMF fiscal deficit projections. Debt-to-GDP: 49%. Per-citizen share: $363.
About Madagascar's National Debt
Madagascar holds low 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 49% sits broadly within the range the IMF considers sustainable for an economy with sound institutions. By total government debt, Madagascar ranks 127th of the 137 governments tracked here.
At the current borrowing rate of $29 per second, Madagascar adds about $0.0 billion to its national debt every day — roughly $1 billion per year. Each of Madagascar's 28 million citizens carries an individual share of approximately $363. That is below the world average of roughly $12,600 in government debt per person.
Figures are computed by Global Debt Clock using linear extrapolation from IMF general government gross debt baselines (Fiscal Monitor / WEO April 2026) and national treasury data. 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 September 12, 2026, growing at $29 per second. Its debt-to-GDP ratio is 49% and each citizen's share is about $363.
How fast is Madagascar's debt growing?
Madagascar's government debt is growing at approximately $29 per second — about $0 billion per day — derived from IMF fiscal projections anchored to the April 2026 baseline.
What is Madagascar's debt per capita?
Each of Madagascar's 28 million citizens carries a notional share of approximately $363 of the national debt.
What is Madagascar's debt-to-GDP ratio?
Madagascar's debt-to-GDP ratio is 49%. This is within a range generally considered fiscally sustainable.
Why is Madagascar's government debt at this level?
Madagascar holds low 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
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Data & Citation
Source: IMF World Economic Outlook · World Bank International Debt Statistics · baseline anchored .
Methodology: debt = 9,530,558,068 + 29 × seconds_since(2026-01-01)
Machine-readable data: /api/debt?c=mg (live JSON) · /data/debt.json (full dataset)
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