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 (2021): China, France, and United States
Top 3 Exported Goods (2021): Coffee & Spices, Nickel, and Apparel: Non Knit

Top Industries Source: CIA World Factbook

Meat Processing; Seafood; Soap; Breweries

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $46,494,497,009 (2021)
GDP Growth Rate (annual %) 4.402% (2021)
GDP Per Capita, PPP (current international) $1,608 (2021)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 117/197 (2021)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 5.812% (2021)
External debt stocks, total (DOD, current US$) $5,347,115,135 (2021)
Total tax rate (% of commercial profits) 38.3% (2019)
Real Interest Rate (5 year average %) 38.07% (2021)
Manufacturing, value added (% of GDP) 9.725% (2020)
Current Account Balance (BoP, current US$) ($732,252,452) (2021)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 14,813,115 (2021)
Employment in Agriculture (% of total employment) 63.826% (2020)
Employment in Industry (% of total employment) 9.06% (2020)
Employment in Services (% of total employment) 27.115% (2020)
Unemployment Rate 2.594% (2021)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $4,254,240,707 (2021)
Exports of goods and services (current US$) $3,042,228,929 (2021)
Total Merchandise Trade (% of GDP) 49.293% (2021)
FDI, net inflows (BoP, current US$) $300,174,076 (2021)
Commercial Service Exports (current US$) $600,304,155 (2021)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

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


  1. The World Bank