Economy of Madagascar. Statistics, Data and Indicators
Madagascar
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 142 | Corruption rank#141 |
| 161 | Ease of doing business#140 |
Madagascar Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 14.95 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.2 % | 2022 |
| GDP per capita | 454 USD | 2022 |
| Inflation Rate YoY | 9.5 % | Jul/23 |
| Interest Rate | 9.5 % | Aug/23 |
| Unemployment Rate | 2.1 % | 2022 |
| Balance of Trade | -1325521 MGA Million | -0.35 B USD | Sep/22 |
| Current Account | -51.3 MGA Million | 0 B USD | 1Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 14.95 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.2 % | 2022 |
| GDP per capita | 454 USD | 2022 |
| GDP per capita PPP | 1502 USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 57 % | 2022 |
| Government Budget to GDP | -3.2 % | 2021 |
| Military Expenditure | 98 USD Million | 0.098 B USD | 2022 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 164 index points | Jul/23 |
| Food Inflation | 11.4 % | Jul/23 |
| Inflation Rate YoY | 9.5 % | Jul/23 |
| Inflation Rate Mom | 0.37 % | May/23 |
| CPI Housing Utilities | 147 Index Points | Jul/23 |
| CPI Transportation | 157 Index Points | Jul/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -5.8 % | 2021 |
| Balance of Trade | -1325521 MGA Million | -0.35 USD Billion | Sep/22 |
| Current Account | -51.3 MGA Million | 0 USD Billion | 1Q/23 |
| Exports | 1059405 MGA Million | 0.28 USD Billion | Sep/22 |
| Imports | 2384926 MGA Million | 0.63 USD Billion | Sep/22 |
| Tourist Arrivals | 4718 Persons | 0.005 Million Persons | Dec/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Interest Rate | 9.5 % | Aug/23 |
| Money Supply M3 | 18552 MGA Billion | 4.901 USD Billion | Jul/23 |
| Deposit Interest Rate | 13 % | Jun/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.1 % | 2022 |
| Living Wage Family | 672000 MGA/Month | 173.624 USD/Month | 2018 |
| Living Wage Individual | 351100 MGA/Month | 90.713 USD/Month | 2018 |
| Wages High Skilled | 829600 MGA/Month | 214.343 USD/Month | 2018 |
| Wages Low Skilled | 324900 MGA/Month | 83.944 USD/Month | 2018 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2023 |
| Personal Income Tax Rate | 20 % | 2023 |
| Sales Tax Rate | 20 % | 2023 |
| Social Security Rate | 21 % | 2023 |
| Social Security Rate For Companies | 19 % | 2023 |
| Social Security Rate For Employees | 2 % | 2023 |
Production Indicators
| Indicator | Data | Period |
|---|---|---|
| Electricity Production | 169 GWh | Dec/22 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 26 index points | 2022 |
| Corruption Rank | 142 place | 2022 |
| Ease of Doing Business | 161 place | 2019 |
| Competitiveness Index | 42.86 Index Points | 2019 |
| Competitiveness Rank | 132 | 2019 |
