What is the GDP of Madagascar?

Madagascar's GDP is approximately $17.4 billion USD. The GDP growth rate is 4.2%.

What is the population of Madagascar?

Madagascar has a population of approximately 32 million people. The population growth rate is 2.4%.

What is the inflation rate in Madagascar?

The inflation rate in Madagascar is 9.9%.

What is the unemployment rate in Madagascar?

The unemployment rate in Madagascar is 3%.

What is the GDP per capita of Madagascar?

Madagascar's GDP per capita is approximately $545 USD.

Is Madagascar a good country to invest in?

Madagascar has an investment score of 22/100, classified as "High Risk" risk. Key sectors include Agriculture, Mining (Nickel, Cobalt), Textiles. Credit rating: NR.

How open is Madagascar's economy to trade?

Madagascar's trade openness (trade as % of GDP) is 55%. Exports total approximately $4.1B and imports $5.5B.

How much foreign investment does Madagascar attract?

Foreign direct investment (FDI) in Madagascar is 3.5% of GDP. This indicates strong foreign investor interest.

What are the main economic sectors in Madagascar?

Madagascar's economy is composed of services (48% of GDP), industry (23% of GDP), and agriculture (22% of GDP).

Can I start a business in Madagascar as a foreigner?

Madagascar offers various options for foreign entrepreneurs. Visit our business setup guide for Madagascar for detailed information on entity types, registration steps, costs, tax rates, and foreign ownership rules.

Is Madagascar's economy growing?

Madagascar's GDP growth rate is 4.2%. This is above the global average, indicating strong economic momentum.

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Madagascar Economy Overview

Name: Madagascar Economic Data
Creator: NationsData
License: https://datacatalog.worldbank.org/public-licenses#cc-by

Sub-Saharan AfricaLow IncomeCapital: AntananarivoMDG

High Risk

Growing

17.4B USD

GDP (Nominal)

Growing at 4.2%

$545

GDP Per Capita

Developing economy

32M

Population

+2.4% annual growth

High

9.9%

Inflation

Elevated

55%of GDP

Trade Openness

Strong

3.5%of GDP

FDI Inflows

Public Debt

Low

Unemployment

Deficit

-$1.4B

Trade Balance

GDP

Billion USD, nominal

$17.4B

2024+1.6B

GDP Growth

Annual %

4.2%

2024+0.0%

Inflation

Consumer prices, annual %

9.9%

2023+1.7%

Population

Millions

32M

2024+0.8M

Economic Structure

Services48%

Industry23%

Agriculture22%

Investment Score Breakdown

Economic Health (30%)22

Political Safety (25%)18

Business Climate (20%)22

Financial Strength (15%)18

Growth Potential (10%)32

Key Sectors

Agriculture

25% of GDP

stable

Mining (Nickel, Cobalt)

5% of GDP

growing

Textiles

5% of GDP

stable

Tourism

3% of GDP

growing

Should I Invest in Madagascar?

AvoidSetup: ModerateROI: Moderate

Madagascar scores 22/100 on the NationsData Investment Index, rated "High Risk". Growth is healthy at 4%.

Investment Score22/100

GDP Growth4%

Inflation9.5%

FDI/GDP2.5%

Public Debt48%

Political Stability-0.5

Strengths

+Healthy GDP growth at 4%

Risks

-Significant political instability - governance risks may affect business continuity
-Elevated inflation (9.5%) - factor into pricing strategy
-Corruption is a significant concern - budget for compliance and due diligence
-Large current account deficit (-5.5%) - currency depreciation risk

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