Indicators of economy in Madagascar

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2021 was at about 12.259 USD per capita. GDP in Madagascar, on the other hand, reached USD 515 per capita, or 14.64 billion USD in the whole country. Madagascar is one of the smaller economies and is currently ranked 132. If this is calculated per inhabitant taking into account the purchasing power parity, then Madagascar is in the list of the world's richest countries in place 171.

Inflation in Madagascar was in 2020 at around 4.20%. Within the EU, the average in the same year was 2.55%. In the United States, it was most recently 4.70%.

Compared with the USA, prices for daily consumer goods are around 71.7% lower.
The Corruption Perceptions Index for the public sector counts 67 and is compared to other countries moderate.


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