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 2019 was at about 11.429 US Dollar per capita. In contrast, the GDP in Madagascar reached 523 US dollars per inhabitant, or 14.11 bn US Dollar in the whole country. Madagascar is one of the smaller economies and is currently ranked 129. 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 175.

Inflation in Madagascar was in 2019 at around 5.61%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices for convenience goods are approximately 65.41% lower.
The Corruption Perceptions Index for the public sector counts 25 and is compared to other countries very bad.


Back to overview: Madagascar