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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Madagascar economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Madagascar best banks and safest banks are also available.
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.
USD 0.8 billion (2015)
International Monetary Fund (IMF), data retrieved January 2017
| 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
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.06% | 0.05% | 0.04% | 0.03% | 0.03% |
*Estimate
(2016 estimate)
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 5.8% | 6.1% | 7.4% | 6.7% | 6.9% |
*Estimate
| 2013 | 2014 | 2015 | 2016 | 2017 |
| N/A | N/A | N/A | N/A | N/A |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 33.9% | 34.7% | 35.5% | 42.3% | 43.2% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -4% | -2.3% | -3.3% | -3.2% | -4.4% |
*Estimate
Standard & Poor's: N/A
Moody's: N/A
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
-3.7% (2017 estimate)
34.4% (2015)
0.01% (2015)
N/A
Coffee, vanilla, shellfish, sugar, cotton cloth, clothing, chromite, petroleum products
Capital goods, petroleum, consumer goods, food
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)
China 24.8%, France 10.3%, Bahrain 5.6%, India 5.5%, Kuwait 4.5%, Mauritius 4.5%, South Africa 4.3% (2015)
| 2013 | 2014 | 2015 |
| USD 567 million | USD 351 million | USD 517 million |
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
| 2012 | 2013 | 2014 | 2015 |
| N/A | N/A | N/A | N/A |
N/A
N/A
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
128 out of 138 countries
(2016-2017)
Ranking: 87 / Score: 61.06 (Moderately free) (2016)
(100=totally free 0=totally repressed)
Christian, indigenous believer, Muslim
Note: population largely practices Christianity or an indigenous religion; small share of population is Muslim
| 1990 | 2000 | 2010* | 2016* | 2021* |
| 11.546 million | 15.745 million | 21.08 million | 24.916 million | 28.557 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 11% | 19% | 27% | 35% |
Total population: 64.7%
Male: 66.7%
Female: 62.6% (2015 est.)
(age 15 and over can read and write)
57.1% (2012)
42.7 (2012)
(0=perfect equality, 100=absolute inequality)
Political Rights: 3
Civil Liberties: 4 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 1.03% Mobile 44.12% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)