Remittances to Madagascar
Africa
In 2024, Madagascar received $406 million in remittances, equal to 2.3% of its GDP (2024). That makes it the 32nd largest recipient among the 69 African and Caribbean countries tracked here, and 28th in Africa.
Common questions
How much money does the diaspora send to Madagascar?
In 2024, Madagascar received $406 million in personal remittances, according to the World Bank. That is the 32nd highest of the 69 African and Caribbean countries tracked here.
What share of Madagascar's GDP comes from remittances?
Remittances were equal to 2.3% of Madagascar's GDP in 2024, based on World Bank figures.
Source: World Bank: Personal remittances, received. US dollar figure is for 2024; GDP share is for 2024.