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 (2015): China, France, and United States
Top 3 Exported Goods (2015): Nickel, Coffee & Spices, and Apparel: Knit

Top Industries Source: CIA World Factbook

Meat Processing; Seafood; Soap; Breweries

Gross Domestic Product (GDP) Source: The World Bank

GDP, PPP (current international) $35,365,948,356 (2015)
GDP Growth Rate (annual %) 3.017% (2015)
GDP Per Capita, PPP (current international) $1,459 (2015)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 118/193 (2015)

Economic Indicators Source: The World Bank

Inflation, consumer prices (annual %) 7.404% (2015)
External debt stocks, total (DOD, current US$) $2,852,723,000 (2014)
Total tax rate (% of commercial profits) 38.1% (2015)
Real Interest Rate (5 year average %) 49.692% (2015)
Manufacturing, value added (% of GDP) 15.074% (2012)
Current Account Balance (BoP, current US$) ($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$) $3,642,905,958 (2015)
Exports of goods and services (current US$) $3,311,790,051 (2015)
Total Merchandise Trade (% of GDP) 50.831% (2014)
FDI, net inflows (BoP, current US$) $517,455,239 (2015)
Commercial Service Exports (current US$) $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