Madagascar


Madagascar Country Report: GDP data and GDP forecasts; economic, financial and trade information; the best banks in Madagascar; country and population overview

DATA ON GDP AND ECONOMIC INFORMATION
Central bank Central Bank of Madagascar
International Reserves US$ 1.279 billion (Source: IMF; Data updated: 2012)
Gross Domestic Product - GDP US$ 10.545 billion (2010 estimate)
GDP (Purchasing Power Parity) 21.262 billion of International dollars (2010 estimate)
Real GDP growth
2001 2002 2003 2004 2005 2006 2007 2008
6% -12.4% 9.8% 5.3% 4.6% 5% 6.2% 7.1%
2009 2010 2011 2012*
-4.1% 0.5% 0.5% 2.9%

*Estimate

GDP per capita - current prices US$ 471 (2006 estimate)
GDP per capita - PPP $949 International Dollars (2006 estimate)
GDP (PPP) - share of world total
1980 1990 2000 2010 2015**
0.05% 0.04% 0.03% 0.03% 0.03%

**Forecast

GDP - composition by sector
  • agriculture: 28.8% 
  • industry: 16.6% 
  • services: 54.6% (2011 estimate)
  • (Data released on February 2012)

Gross domestic expenditure on R&D (% of GDP) N/A

(Data released on March 2012)

Inflation
2009 2010 2011 2012*
9%(2008) 9.2% 10.6% 8.9%

*Estimate

Unemployment rate
2009 2010 2011 2012*
N/A N/A N/A(2009) N/A

*Estimate

Household saving rates N/A

(Data released on December 2011)

Public debt (General government gross debt as a % of GDP)
2008 2009 2010 2011 2012*
6.4% 6.7% 6.2% 5.7% 5%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2008 2009 2010 2011* 2012**
-1.1% -3.1% -0.4% -1.6% -2.6%

*Estimate    **Forecast

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Dec 2011 and Nov 2012)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Madagascar N/A
DATA ON TRADE AND COMPETITIVENESS
Current account balance US$ -667 million (2010 estimate)(After 2008)
Current account balance by percentage of GDP -6.3% of GDP (2010 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

N/A

(Data released on April 2012)

Shares in world total merchandising export 0.01%(2007)

(Data were released in 2012 and refer to 2011)

Shares in world total commercial services export 0.02% (2011)(2007)

(Data were released in 2012)

Total exports US$1.533 billion (2012 estimate) 
Export commodities coffee, vanilla, shellfish, sugar, cotton cloth, clothing, chromite, petroleum products
Total imports US$3.876 billion (2012 estimate) 
Import commodities capital goods, petroleum, consumer goods, food
Exports - major partners France 23.4%, Indonesia 15.8%, Singapore 6.8%, China 5.9%, Germany 5.7%, US 5.2%, Canada 4% (2011)
Imports - major partners China 17.4%, France 13.2%, South Africa 6.7%, Singapore 4.9%, Bahrain 4.8%, Mauritius 4.6%, Kuwait 4.5% (2011)
FDI inflows
2009 2010 2011
US$1,066 million US$860 million(2009) US$907 million(2009)
FDI outflows
2009 2010 2011
N/A N/A N/A
Value of cross-border M&A, by country of purchaser
2008 2009 2010 2011
N/A N/A(2009) N/A(2009) N/A
Cross-border M&A deals worth over $3 billion completed in 2010

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A click here )

Cross-border M&A deals worth over $3 billion completed in 2011

(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A(2008 estimate)

(for a monthly update on M&A click here )

Best countries for doing business

World Bank/IFC Doing Business Project

(Economies are ranked on their ease of doing business, from 1 - 185. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 142 out of 185 countries(2009) (2013)

Subcategories:

Starting a business: 17 out of 185 countries(2009)

Enforcing Contracts: 156 out of 185 countries

Registering Property: 147 out of 185 countries

Getting credit: 180 out of 185 countries

Protecting investors: 70 out of 185 countries

Trading across border: 112 out of 185 countries

Paying Taxes: 68 out of 185 countries

Dealing with Construction Permits: 148 out of 185 countries

Getting Electricity: 183 out of 185 countries

Resolving Insolvency: 151 out of 185 countries

(2013)

Global competitiveness ranking
(ranking by country on a basis of 144, the first is the best)
130

(2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 75 Score: 62.4 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zone UTC+3
Total area 587,041 km2 (2006)
Capital Antananarivo (2009)
Currency Malagasy ariary (MGA) (2009)
Government type republic (2009)
Languages English (official), French (official), Malagasy (official)
Religions indigenous beliefs 52%, Christian 41%, Muslim 7%
Total population
1980 1990 2000 2012* 2017**
8.78 million 12.03 million 16.19 million 22.41 million 25.26 million

*Estimate    **Forecast

Urban population as % of total population
1960 1980 2000 2011
10.6% 18.5% 27.1% 32.6%
Population median age 18 years (2010)
Population growth rate 2.9% (2011)
Life expectancy 66 years (2010)
Adult literacy 64% (2005/2010)
% of population living on less than $2 a day 89.61% (2011)
Inequality of wealth distribution (Gini index)

44.11 (2010)

(Data were released in 2011, 0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:4 (2011)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

38.93% (2011)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population 1.9% (Data were released in 2012 and refer to 2011)
Cost of living - Mercer index

(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions
(Metric tons of CO2 per capita)

0.0905 (Data were released in 2012 and refer to 2009)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

2012:
  • COUNTRY WINNERS Bank of Africa (Global, 2012)
ARTICLES AND COUNTRIES REPORTS FROM GLOBAL FINANCE ARCHIVE