Economy · Remittance inflows · Madagascar
Madagascar’s remittance inflows rose to $0.62bn in 2025.
$0.62bn
2025
Up $0.21bn from 2024.
Updated 8 Oct 2026
In plain words
$0.62bn
What it is. Remittance inflows add up the money that migrants and relatives abroad send to households in Madagascar, counted in current US dollars. The figure covers personal transfers received, so it follows family support from the diaspora. Money that moves through informal channels, such as cash carried home by hand, is hard to count and may not appear in full.
Higher is better. Higher is better here because remittances bring in foreign currency and add to what households can spend without borrowing. The latest figure, for 2025, is $0.62bn, up from $0.41bn a year earlier, a rise of 51.7%. That is the highest level since 2016, when the figure stood at its lowest point in the window, $0.3bn. The 2025 reading therefore sits at the top of its range since 2016.
Why it matters. For Malagasy households that receive transfers, the extra $0.21bn compared with a year earlier means more money for food, school fees and health costs. For the state and the wider economy, a larger flow of dollars adds to foreign currency supply. Households that depend on this support are exposed if earnings abroad fall.
| Period | Remittance inflows · Madagascar |
|---|---|
| 2016 | $0.3bn |
| 2017 | $0.34bn |
| 2018 | $0.43bn |
| 2019 | $0.41bn |
| 2020 | $0.5bn |
| 2021 | $0.44bn |
| 2022 | $0.39bn |
| 2023 | $0.31bn |
| 2024 | $0.41bn |
| 2025 | $0.62bn |
Source: World Bank, World Development Indicators (CC BY 4.0) · Licence: CC BY 4.0
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Strata-AF™ Data, Remittance inflows, Madagascar, 2025; source World Bank, World Development Indicators (CC BY 4.0), retrieved 8 Oct 2026; https://data.strata-af.com/economy/remittance-inflows/madagascar
Data insights · Worked out from the published figures
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Methodology
Personal remittances received, current US dollars. Unit: USD bn.
Source: World Bank, World Development Indicators (series BX.TRF.PWKR.CD.DT), retrieved through the World Bank API and published under CC BY 4.0. Updated annually; the World Bank's own source notes apply.