Economy - overview:
After discarding socialist economic policies in the mid-1990s, Madagascar followed a World Bank- and IMF-led policy of privatization and liberalization that has been undermined since the start of the political crisis. This strategy placed the country on a slow and steady growth path from an extremely low level. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. Exports of apparel boomed in recent years primarily due to duty-free access to the US, however, Madagascar's failure to comply with the requirements of the African Growth and Opportunity Act (AGOA) led to the termination of the country's duty-free access in January 2010 and a sharp fall in textile production. Deforestation and erosion, aggravated by the use of firewood as the primary source of fuel, are serious concerns. The current political crisis, which began in early 2009, has dealt additional blows to the economy. Tourism dropped more than 50% in 2009 compared with the previous year, and many investors are wary of entering the uncertain investment environment. GDP grew by less than 1% per year in 2010-11.
GDP (purchasing power parity): GDP (official exchange rate): GDP - real growth rate: GDP - per capita (PPP): GDP - composition by sector: Labor force: Population below poverty line: Household income or consumption by percentage share: Distribution of family income - Gini index: Investment (gross fixed): Budget: Taxes and other revenues: Budget surplus (+) or deficit (-): Inflation rate (consumer prices): Central bank discount rate: Commercial bank prime lending rate: Stock of narrow money: Stock of broad money: Stock of domestic credit: Market value of publicly traded shares: Agriculture - products: Industries: Industrial production growth rate: Electricity - production: Electricity - consumption: Electricity - exports: Electricity - imports: Oil - production: Oil - consumption: Oil - exports: Oil - imports: Natural gas - production: Natural gas - consumption: Natural gas - exports: Natural gas - imports: Natural gas - proved reserves: Current account balance: Exports: Exports - commodities: Exports - partners: Imports: Imports - commodities: Imports - partners: Reserves of foreign exchange and gold: Debt - external: Stock of direct foreign investment - at home: Stock of direct foreign investment - abroad: Exchange rates:
NOTE: 1) The information regarding Madagascar on this page is re-published from the 2012 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Madagascar Economy 2012 information contained here. All suggestions for corrections of any errors about Madagascar Economy 2012 should be addressed to the CIA.
$20.6 billion (2011 est.)
country comparison to the world: 126
note: data are in 2011 US dollars
[see also: GDP country ranks ]
$9.4 billion (2011 est.)
[see also: GDP (official exchange rate) country ranks ]
1% (2011 est.)
country comparison to the world: 188
[see also: GDP - real growth rate country ranks ]
$900 (2011 est.)
country comparison to the world: 215
note: data are in 2011 US dollars
[see also: GDP - per capita country ranks ]
agriculture: 28.8%
[see also: GDP - composition by sector - agriculture country ranks ]
industry: 16.6%
[see also: GDP - composition by sector - industry country ranks ]
services: 54.6% (2011 est.)
[see also: GDP - composition by sector - services country ranks ]
9.504 million (2007)
country comparison to the world: 51
[see also: Labor force country ranks ]
50% (2004 est.)
[see also: Population below poverty line country ranks ]
lowest 10%: 2.6%
[see also: Household income or consumption by percentage share - lowest 10% country ranks ]
highest 10%: 41.5% (2005)
[see also: Household income or consumption by percentage share - highest 10% country ranks ]
47.5 (2001)
country comparison to the world: 29
[see also: Distribution of family income - Gini index country ranks ]
18.7% of GDP (2011 est.)
country comparison to the world: 139
[see also: Investment (gross fixed) country ranks ]
revenues: $1.649 billion
[see also: Budget revenues country ranks ]
expenditures: $1.737 billion (2011 est.)
[see also: Budget expenditures country ranks ]
17.5% of GDP (2011 est.)
country comparison to the world: 174
[see also: Taxes and other revenues country ranks ]
-0.9% of GDP (2011 est.)
country comparison to the world: 55
[see also: Budget surplus (+) or deficit (-) country ranks ]
10.9% (2011 est.)
country comparison to the world: 194
[see also: Inflation rate (consumer prices) country ranks ]
5% (31 December 2010 est.)
[see also: Central bank discount rate country ranks ]
39% (31 December 2011 est.)
country comparison to the world: 2
[see also: Commercial bank prime lending rate country ranks ]
$1.394 billion (31 December 2011 est.)
country comparison to the world: 137
[see also: Stock of narrow money country ranks ]
$2.184 billion (31 December 2011 est.)
country comparison to the world: 146
[see also: Stock of broad money country ranks ]
$944.6 million (31 December 2011 est.)
country comparison to the world: 160
[see also: Stock of domestic credit country ranks ]
$NA
[see also: Market value of publicly traded shares country ranks ]
coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava (tapioca), beans, bananas, peanuts; livestock products
meat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism
2% (2010 est.)
country comparison to the world: 124
[see also: Industrial production growth rate country ranks ]
1.11 billion kWh (2008 est.)
country comparison to the world: 144
[see also: Electricity - production country ranks ]
1.032 billion kWh (2008 est.)
country comparison to the world: 145
[see also: Electricity - consumption country ranks ]
0 kWh (2009 est.)
[see also: Electricity - exports country ranks ]
0 kWh (2009 est.)
[see also: Electricity - imports country ranks ]
0 bbl/day (2010 est.)
country comparison to the world: 192
[see also: Oil - production country ranks ]
22,000 bbl/day (2010 est.)
country comparison to the world: 126
[see also: Oil - consumption country ranks ]
0 bbl/day (2009 est.)
country comparison to the world: 186
[see also: Oil - exports country ranks ]
16,390 bbl/day (2009 est.)
country comparison to the world: 122
[see also: Oil - imports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 210
[see also: Natural gas - production country ranks ]
0 cu m (2009 est.)
country comparison to the world: 200
[see also: Natural gas - consumption country ranks ]
0 cu m (2009 est.)
country comparison to the world: 136
[see also: Natural gas - exports country ranks ]
0 cu m (2009 est.)
country comparison to the world: 90
[see also: Natural gas - imports country ranks ]
0 cu m (1 January 2006 est.)
country comparison to the world: 160
[see also: Natural gas - proved reserves country ranks ]
-$2.242 billion (2011 est.)
country comparison to the world: 155
[see also: Current account balance country ranks ]
$1.407 billion (2011 est.)
country comparison to the world: 150
[see also: Exports country ranks ]
coffee, vanilla, shellfish, sugar, cotton cloth, chromite, petroleum products
France 26.3%, US 9.2%, China 8.5%, Netherlands 6.4%, Germany 5.6%, Canada 4.4%, Spain 4.3% (2010)
$3.653 billion (2011 est.)
country comparison to the world: 137
[see also: Imports country ranks ]
capital goods, petroleum, consumer goods, food
China 14.6%, France 11.4%, South Africa 6.4%, India 5.4%, Bahrain 4.6%, US 4.3%, Singapore 4.1% (2010)
$1.103 billion (31 December 2011 est.)
country comparison to the world: 133
[see also: Reserves of foreign exchange and gold country ranks ]
$2.466 billion (31 December 2011 est.)
country comparison to the world: 138
[see also: Debt - external country ranks ]
$NA
[see also: Stock of direct foreign investment - at home country ranks ]
$NA
[see also: Stock of direct foreign investment - abroad country ranks ]
Malagasy ariary (MGA) per US dollar -
2) The rank that you see is the CIA reported rank, which may habe the following issues:
a) They assign increasing rank number, alphabetically for countries with the same value of the ranked item, whereas we assign them the same rank.
b) The CIA sometimes assignes counterintuitive ranks. For example, it assigns unemployment rates in increasing order, whereas we rank them in decreasing order
Flags
This page was last modified 07-Mar-12