Monthly minimum wage (Local currency), annual growth rate in Madagascar
Madagascar: Monthly minimum wage (Local currency), annual growth rate was 42.36 % change on previous year in 2024. ◆ Volatile
Monthly minimum wage (Local currency), annual growth rate in Madagascar, 1996–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for monthly minimum wage (local currency), annual growth rate in Madagascar is 42.36 % change on previous year, measured in 2024. That is the highest value across all 29 years on record.
Compared with earlier readings it is up 182.1% over ten years.
Over the whole period, monthly minimum wage (local currency), annual growth rate in Madagascar peaked at 42.36 % change on previous year in 2024 and was at its lowest, 0 % change on previous year, in 1997.
That places Madagascar 7th out of 168 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Monthly minimum wage (Local currency), annual growth rate in Madagascar, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 9.99 % change on previous year | — |
| 1997 | 0 % change on previous year | -100.0% |
| 1998 | 15.03 % change on previous year | — |
| 1999 | 0 % change on previous year | -100.0% |
| 2000 | 14.51 % change on previous year | — |
| 2001 | 12.45 % change on previous year | -14.2% |
| 2002 | 0 % change on previous year | -100.0% |
| 2003 | 11.06 % change on previous year | — |
| 2004 | 26.53 % change on previous year | +140.0% |
| 2005 | 0 % change on previous year | -100.0% |
| 2006 | 12.06 % change on previous year | — |
| 2007 | 12.04 % change on previous year | -0.1% |
| 2008 | 10.2 % change on previous year | -15.3% |
| 2009 | 0 % change on previous year | -100.0% |
| 2010 | 10.05 % change on previous year | — |
| 2011 | 17.09 % change on previous year | +70.1% |
| 2012 | 10.83 % change on previous year | -36.6% |
| 2013 | 8.01 % change on previous year | -26.1% |
| 2014 | 15.02 % change on previous year | +87.6% |
| 2015 | 7.06 % change on previous year | -53.0% |
| 2016 | 8.26 % change on previous year | +17.1% |
| 2017 | 8 % change on previous year | -3.2% |
| 2018 | 8.03 % change on previous year | +0.4% |
| 2019 | 0 % change on previous year | -100.0% |
| 2020 | 0 % change on previous year | — |
| 2021 | 0 % change on previous year | — |
| 2022 | 9.9 % change on previous year | — |
| 2023 | 0 % change on previous year | -100.0% |
| 2024 | 42.36 % change on previous year | — |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.25 % change on previous year | 0 % change on previous year | 15.03 % change on previous year | 4 |
| 2000s | 9.88 % change on previous year | 0 % change on previous year | 26.53 % change on previous year | 10 |
| 2010s | 9.24 % change on previous year | 0 % change on previous year | 17.09 % change on previous year | 10 |
| 2020s | 10.45 % change on previous year | 0 % change on previous year | 42.36 % change on previous year | 5 |
Countries ranked near Madagascar
- 4 Argentina 74.08 % change on previous year compare
- 5 Egypt 71.43 % change on previous year compare
- 6 Eswatini 42.86 % change on previous year compare
- 8 Sri Lanka 40 % change on previous year compare
- 9 Niger 39.78 % change on previous year compare
- 10 Tajikistan 33.33 % change on previous year compare
- 10 Samoa 33.33 % change on previous year compare
More work & labour data for Madagascar
- Population - Est. & Proj. — Total Population - Both sexes, annual 0.445 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth 0.4265 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth 0.4632 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate 0.3514 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 2.93 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 31,158 1000 No (2050)
- Population - Est. & Proj. — Rural population 22,645 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 43,120 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 42,221 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 85,341 1000 No (2100)
Frequently asked questions
- What is monthly minimum wage (local currency), annual growth rate in Madagascar?
- Monthly minimum wage (local currency), annual growth rate in Madagascar was 42.36 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest monthly minimum wage (local currency), annual growth rate recorded in Madagascar?
- The highest recorded value was 42.36 % change on previous year in 2024.
- What is the lowest monthly minimum wage (local currency), annual growth rate recorded in Madagascar?
- The lowest recorded value was 0 % change on previous year in 1997.
- How does Madagascar rank for monthly minimum wage (local currency), annual growth rate?
- Madagascar ranks 7th out of 168 countries with data for 2024.
- Is monthly minimum wage (local currency), annual growth rate rising or falling in Madagascar?
- Over the last ten years it is up 182.1%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Statizoid (derived), published as part of Monthly minimum wage (Local currency), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 29 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Monthly minimum wage International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Monthly minimum wage (Local currency). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.