Madagascar: Economy

Economic Trivia

Agriculture provides for 25% of the country's GDP and employs 80% of the population.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2014): France, China, and United Arab Emirates
Top 3 Exported Goods (2014): Nickel, Coffee & Spices, and Apparel: Non Knit

Top Industries Source: CIA World Factbook

Meat Processing; Seafood; Soap; Breweries

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $33,928,262,552 (2014)
GDP Growth Rate (annual %) 3.316% (2014)
GDP Per Capita, PPP (current international) $1,439 (2014)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 117/193 (2014)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 6.081% (2014)
External debt stocks, total (DOD, current US$) $2,848,695,000 (2013)
Total tax rate (% of commercial profits) 38.1% (2015)
Real Interest Rate (5 year average %) 50.862% (2014)
Manufacturing, value added (% of GDP) 15.074% (2012)
Current Account Balance (BoP, current US$) ($622,124,523) (2013)
Click on a row to display its 5-year graph on the right.

Labor and Employment Source: The World Bank

Labor Force, Total 12,077,140 (2014)
Employment in Agriculture (% of total employment) 75.3% (2012)
Employment in Industry (% of total employment) 7.9% (2012)
Employment in Services (% of total employment) 16.9% (2012)
Unemployment Rate 3.6% (2014)
Click on a row to display its 5-year graph on the right.
Imports of goods and services (current US$) $4,535,715,515 (2014)
Exports of goods and services (current US$) $3,372,862,154 (2014)
Total Merchandise Trade (% of GDP) 50.831% (2014)
FDI, net inflows (BoP, current US$) $350,695,431 (2014)
Commercial Service Exports (current US$) $1,253,470,291 (2013)
Click on a row to display its 5-year graph on the right.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Madagascar’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Glossary