Source
Central bank

Central Bank of Madagascar

International Reserves

USD 0.8 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 10.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 40.0 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
5.4% 6.4% 7.2% -4.7% 0.3% 1.5% 3%
2013 2014 2015 2016* 2017*    
2.3% 3.3% 3.1% 4.1% 4.5%    

*Estimate

GDP per capita - current prices

USD 404.9 (2017, estimate)

GDP per capita - PPP

Intl$ 1,562.9 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.06% 0.05% 0.04% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 24.8% 
  • industry: 16.3% 
  • services: 58.9%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014 2015 2016* 2017*
5.8% 6.1% 7.4% 6.7% 6.9%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
33.9% 34.7% 35.5% 42.3% 43.2%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-4% -2.3% -3.3% -3.2% -4.4%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -0.4 billion (2017 estimate)

Current account balance by percentage of GDP

-3.7% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

34.4% (2015)

Shares in world total merchandising export

0.01% (2015)

Shares in world total commercial services export

N/A

Total exports

USD 2.3 billion (2016 estimate)

Export commodities

Coffee, vanilla, shellfish, sugar, cotton cloth, clothing, chromite, petroleum products

Total imports

USD 2.7 billion (2016 estimate)

 
 
Source
Import commodities

Capital goods, petroleum, consumer goods, food

Exports - major partners

France 15.2%, US 12.7%, China 7.1%, South Africa 5.9%, Japan 5.5%, Netherlands 5.4%, Germany 5.1%, Belgium 5%, India 4.4% (2015)

Imports - major partners

China 24.8%, France 10.3%, Bahrain 5.6%, India 5.5%, Kuwait 4.5%, Mauritius 4.5%, South Africa 4.3% (2015)

FDI inflows
2013 2014 2015
USD 567 million USD 351 million USD 517 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 167 out of 190 countries (2017)

Subcategories:

Starting a business: 113 out of 190 countries

Enforcing Contracts: 158 out of 190 countries

Registering Property: 159 out of 190 countries

Getting Credit: 170 out of 190 countries

Protecting Minority Investors: 114 out of 190 countries

Trading Across Borders: 129 out of 190 countries

Paying Taxes: 117 out of 190 countries

Dealing with Construction Permits: 184 out of 190 countries

Getting Electricity: 185 out of 190 countries

Resolving Insolvency: 127 out of 190 countries

Global competitiveness ranking

128 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 87 / Score: 61.06 (Moderately free) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+3

Total area

587,041 sq km

Capital

Antananarivo

Currency

Malagasy ariary (MGA)

Government type

republic

Languages

French (official), Malagasy (official), English

Religions

indigenous beliefs 52%, Christian 41%, Muslim 7%

Total population
1990 2000 2010 2014* 2019**
11.705 million 15.745 million 21.08 million 25.537 million 26.421 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
10.6% 19% 27% 34%
Population median age

 19.2 years  (2014 est.)

Population growth rate

2.62% (2014 est.)

Life expectancy

65.2 years  (2014 est.)

Adult literacy

 64.5% (2009 estimate)

% of population living on less than $2 a day

95.1% (2010)

Inequality of wealth distribution (Gini index)

40.6 (2010)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 5
Civil Liberties: 4 (2014)

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

Total telephone subscribers as % of population

Fixed  1.1%   Mobile  36.1% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

2.20% (2013)

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)

0.1 (2010)

World's Best Developed & Emerging Markets Banks

World's Best Banks By Region

World's Best Banks

2013

Additional Awards