Indicators of economy in Madagascar

The essential economic performance of a country is reflected by the gross domestic product, the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Madagascar, on the other hand, reached USD 501 per capita, or 14.47 billion USD for the whole country. Madagascar is one of the smaller economies and is currently ranked 132. If this is calculated per inhabitant, taking purchasing power parity into account, then Madagascar ranks 182nd in the list of the richest countries.

Inflation in Madagascar in 2021 was around 5.81%. Within the EU, the average in the same year was 2.55 percent. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 71.4 percent lower.
The index for perceived corruption in the public sector is 26, which is rather poor by global standards.


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