Country
Madagascar MDG
score date 2026-10-09 · 30d +0.5
Seven dimensions
Credibility gap61.0
IMF / national CPI · as of 2026-03-01 · coverage: bronze
Behind the curve—
BIS policy rates + CPI · as of 2026-10-09 · coverage: bronze
Communication—
Central-bank statements · as of 2026-10-09 · coverage: bronze
Geopolitical50.2
GDELT · as of 2026-10-09 · coverage: bronze
Growth35.0
World Bank WDI / IMF WEO · as of 2026-10-09 · coverage: bronze
Liquidity54.3
IMF BOP / BIS / FRED · as of 2026-10-09 · coverage: bronze
Governance33.8
World Bank WGI · as of 2026-10-09 · coverage: bronze
Madagascar sovereign credibility, in brief
Madagascar scores 49.3 out of 100 on the composite sovereign credibility index — credibility band 35–50. That ranks it 28 of 43 in Sub-Saharan Africa, the 37th percentile of the region. The score has fallen 0.8 points over the past seven days. CPI 6.8% (implicit target) — credibility under pressure (49/100) | slightly weakening.
As of 2026-10-09 · scored daily from public data under methodology v8
Peer context
Rank 28/43 in Sub-Saharan Africa · 37th percentile
Region avg 49.3 · best 61.6 · worst 14.1
90-day trend
External pulse
- Port trade momentum, 30d YoY
- -13.4%
- as of 2026-10-10
- Commodity terms-of-trade, 12m change
- -1.9%
- as of 2026-10-10
Sources: Kpler; UN Global Platform; IMF PortWatch (portwatch.imf.org) · Terms-of-trade: IMF Commodity Terms of Trade
Key indicators
External & activity
| Current account (% GDP) | -4.3% | 2024-12-31 | World Bank |
| FDI inflows (% GDP) | 3.4% | 2024-12-31 | World Bank |
| GDP growth, annual | 3.0% | 2025-12-31 | World Bank |
| Nightlights radiance (monthly sum) | 58.2K | 2025-12-01 | World Bank / NASA Black Marble |
| Nightlights radiance, YoY | -46.0% | 2025-12-01 | derived |
| Remittances (% GDP) | 2.3% | 2024-12-31 | World Bank |
| Reserves (months of imports) | 5.5 mo | 2024-12-31 | World Bank |
| Trade openness (% GDP) | 54.2% | 2025-12-31 | World Bank |
| Unemployment rate | 3.0% | 2025-12-31 | World Bank |
| Unemployment rate (ILO) | 3.2% | 2022-12-31 | ILO |
Structure
| External debt (% GNI) | 39.2% | 2024-12-31 | World Bank |
| GDP per capita (USD) | $599 | 2025-12-31 | World Bank |
| Labor force participation | 75.0% | 2022-12-31 | ILO |
| WGI: control of corruption | -1.0 | 2025-12-31 | World Bank |
| WGI: government effectiveness | -0.9 | 2025-12-31 | World Bank |
| WGI: political stability | -0.5 | 2025-12-31 | World Bank |
| WGI: regulatory quality | -0.8 | 2025-12-31 | World Bank |
| WGI: rule of law | -0.9 | 2025-12-31 | World Bank |
| WGI: voice & accountability | -0.6 | 2025-12-31 | World Bank |
Nightlights: World Bank / NASA Black Marble VIIRS (CC BY 4.0)
Follow the moves
Every figure above is recomputed daily from public data, with the source and as-of date shown for each one. The weekly briefing says which scores moved, and why.