GFmag Online Readers Survey 2012
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 bankCentral Bank of Madagascar
International ReservesUS$ 1.172 billion (Source: World Bank; Data updated: November 2010)
Gross Domestic Product - GDPUS$ 8.457 billion (2009 estimate)
GDP (Purchasing Power Parity)19.744 billion of International dollars (2009 estimate)
Real GDP growth
20002001200220032004200520062007
4.5%6%-12.4%9.8%5.3%4.6%5%6.2%
2008200920102011*
7.1%-3.7%-2%0.6%

*Estimate

GDP per capita - current pricesUS$ 387 (2006 estimate)
GDP per capita - PPP$904 International Dollars (2006 estimate)
GDP (PPP) - share of world total
19801990200020102015**
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 November 2010)

Inflation
2008200920102011*
9.2%(2008)9%9%8.9%

*Estimate

Unemployment rate
2008200920102011*
N/AN/AN/A(2009)N/A

*Estimate

Household saving ratesN/A

(Data released on November 2010)

Public debt (General government gross debt as a % of GDP)
20072008200920102011*
34.6%30.4%33.7%35%38.1%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2007200820092010*2011**
-2.7%-1.9%-3.1%-0.9%-5.1%

*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 Nov 2010)

Market value of publicly traded shares
200720082009
N/AN/AN/A
Largest companies in MadagascarN/A
DATA ON TRADE AND COMPETITIVENESS
Current account balanceUS$ -0.6 billion (2009 estimate)(After 2008)
Current account balance by percentage of GDP-7.1% of GDP (2009 estimate)(2009)
Exports as percent of GDP

(Exports of goods and services)

28.2% (2009)

(Data released on December 2010)

Shares in world total merchandising export0.01%(2007)

(Data were released in Nov 2011 and refer to 2010)

Shares in world total commercial services export0.02%(2007)

(Data were released in Nov 2011 and refer to 2010)

Total exportsUS$1.412 billion f.o.b. (2010 estimate)
Export commoditiescoffee, vanilla, shellfish, sugar, cotton cloth, chromite, petroleum products
Total importsUS$2.541 billion f.o.b. (2008 estimate)
Import commoditiescapital goods, petroleum, consumer goods, food
Exports - major partnersFrance 31.8%, US 26.6%, Germany 6.1%, UK 4.9%, Italy 4.4% (2007)
Imports - major partnersFrance 13.6%, China 13%, Iran 8.1%, South Africa 6.4%, Hong Kong 4.9%, Mauritius 4.8% (2007)
FDI inflows
200820092010
US$1,169 millionUS$1,066 million(2009)US$860 million(2009)
FDI outflows
200820092010
N/AN/AN/A
Value of cross-border M&A, by country of purchaser
2008200920102011
N/AN/A(2009)N/A(2009)N/A
Cross-border M&A deals worth over $3 billion completed in 2008

(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 2010

(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 – 183. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.)

Overall ranking: 140 out of 183 countries(2009) (2010)

Subcategories:

Starting a business: 70 out of 183 countries(2009)

Registering property: 162 out of 183 countries

Paying Taxes: 72 out of 183 countries

Getting credit: 176 out of 183 countries

Protecting investors: 59 out of 183 countries

Trading across border: 106 out of 183 countries

Enforcing Contracts: 153 out of 183 countries

(2010)

Global competitiveness ranking
(ranking by country on a basis of 142, the first is the best)		130

(2011/2012)

Index of Economic Freedom

WSJ and Heritage Foundation

Ranking: 81 Score: 61.2 (Moderately Free) (2009)

(100=totally free 0=totally repressed )

COUNTRY AND POPULATION OVERVIEW
Time zoneUTC+3
Total area 587,041 km2 (2006)
CapitalAntananarivo (2009)
CurrencyMalagasy ariary (MGA) (2009)
Government typerepublic (2009)
LanguagesEnglish (official), French (official), Malagasy (official)
Religionsindigenous beliefs 52%, Christian 41%, Muslim 7%
Total population
1980199020002010*2015**
8.78 million12.03 million16.19 million21.3 million24.11 million

*Estimate    **Forecast

Urban population as % of total population
1960198020002009
10.6%18.5%27.1%29.9%
Population median age18.0 years (2006)
Population growth rate2.7% (2009)
Life expectancy59 years (2007)
Adult literacy71% (2000/2007)
% of population living on less than $2 a day89.61% (2011)
Inequality of wealth distribution (Gini index)

47.2 (2005)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights:6
Civil Liberties:4 (2010)

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

Total telephone subscribers as % of population

40.62% (2010)

(sum of fixed telephone lines and mobile cellular subscribers)

Internet users as % of total population1.7% (Data were released in 2011 and refer to 2010)
Cost of living 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)

0.1 (2008)

GLOBAL FINANCE RANKINGS AND AWARDS

WORLD'S BEST EMERGING MARKET BANKS

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