Madagascar Seeks Stability and Emerging Markets Status

Madagascar Seeks Stability and Emerging Markets Status

Madagascar’s new prime minister, Kolo Christophe Laurent Roger, has vowed to revive the island’s economy, helping it become a true emerging market, and reinforces the promise of president Hery Rajaonarimampianina, when he was elected in December 2013, to lure foreign investors and tourists back to Madagascar.

 
 
Source
Central bank

Central Bank of Madagascar

International Reserves

US$ 905 million (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 11 billion (2014 estimate)

GDP (Purchasing Power Parity)

34 billion of International dollars (2014 estimate)

Real GDP growth
2002 2003 2005 2006 2007 2008 2009 2010
9.8% 5.3% 4.8% 5.4% 6.5% 7.2% -3.5% 0.1%
2011 2012 2013 2014*        
1.5% 2.5% 2.4% 3.0%        

*Estimate

GDP per capita - current prices

US$ 475 (2014 estimate)

GDP per capita - PPP

1,429 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.06% 0.05% 0.04% 0.03% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 27.3% 
  • industry: 16.4% 
  • services: 56.3% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 2012 2013 2014*
10.0% 5.8% 5.8% 7.3%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
32.0% 32.6% 33.8% 34.2% 34.0%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-0.9% -2.4% -2.6% -5.1% -2.1%

*Estimate 

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 Sept 2014)

Market value of publicly traded shares
2009 2010 2011
N/A N/A N/A
Largest companies in Madagascar

N/A

 
 
Source
Current account balance

US$ -22 million (2014 estimate)

Current account balance by percentage of GDP

-1.861% of GDP (2014 estimate)

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

29.1% (2012)

(Data released on oct 2014)

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.03% (2012)

(Data were released in 2014)

Total exports

US$ 644.4 billion (2013 estimate) 

Export commodities

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

Total imports

US$ 2.794 billion (2013 estimate) 

 
 
Source
Import commodities

capital goods, petroleum, consumer goods, food

Exports - major partners

France 23.4%, China 6.6%, US 6.6%, Singapore 5.9%, Canada 5.5%, Germany 5.4%, Indonesia 5.3%, India 5.2%, South Africa 4.5% (2012)

Imports - major partners

China 17.7%, France 12.4%, South Africa 5.3%, India 5.1%, Mauritius 5%, Bahrain 4.7%, Kuwait 4.6% (2012)

FDI inflows
2011 2012 2013
US$ 810 million US$ 812 million US$ 838 million
FDI outflows
2011 2012 2013  
US$ 0 million US$ 0 million US$ 0 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
Cross-border M&A; deals worth over $3 billion completed in 2012 (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 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

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

Overall ranking: 148 out of 189 countries (2013)

Subcategories:

Starting a business: 29 out of 189 countries

Enforcing Contracts: 160 out of 189 countries

Registering Property: 155 out of 189 countries

Getting credit: 180 out of 189 countries

Protecting investors: 68 out of 189 countries

Trading across border: 115 out of 189 countries

Paying Taxes: 61 out of 189 countries

Dealing with Construction Permits: 157 out of 189 countries

Getting Electricity: 187 out of 189 countries

Resolving Insolvency: 157 out of 189 countries

(2013)

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

130

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 79 Score: 61.7 (Moderately Free) (2014)

(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