Exports of Services (BoP, USD) rose 10.5% to USD 1.19 bil in Madagascar in 2016

Exports of Services (BoP, USD) (USD bil)
Economy | Madagascar | March 11, 2019
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Exports of services as a part of balance of payment reached 1.32 USD bil in 2014 in Madagascar, according to the National Statistical Office. This is 22.8 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Madagascar reached an all time high of 1.32 USD bil in 2014 and an all time low of 0.035 USD bil in 1977. When compared to Madagascar's main peers, exports of services as a part of balance of payment in Mozambique amounted to 0.725 USD bil, 16.8 USD bil in South Africa, 0.129 USD bil in Swaziland and 3.40 USD bil in Tanzania in 2014.

Madagascar has been ranked 115th within the group of 162 countries we follow in terms of exports of services as a part of balance of payment, 7 places behind the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

Exports of Services (BoP, USD) Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017
Botswana USD bil 0.913 0.853 0.923 0.996 0.956
Kenya USD bil 4.13 4.99 5.13 5.02 4.64
Lesotho USD bil 0.046 0.041 0.033 0.030 0.046
Madagascar USD bil 1.17 1.29 1.26 1.31 1.06
Malawi USD bil 0.086 0.105 0.111 0.109 0.116
Mozambique USD bil 0.366 0.792 0.645 0.725 0.723
Namibia USD bil 0.815 0.928 0.586 0.999 0.880
South Africa USD bil 17.3 17.6 16.8 16.8 15.0
Swaziland USD bil 0.081 0.112 0.025 0.088 0.075
Tanzania USD bil 2.30 2.79 3.20 3.40 3.41
Uganda USD bil 1.78 2.13 2.10 2.18 2.06
Zambia USD bil 0.665 0.990 0.758 0.851 0.862