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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 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Madagascar reached 495 US dollars per inhabitant, or 13.72 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 168.

Inflation in Madagascar was in 2020 at around 4.20%. For the the EU, the average of the same was year at 0.51%.

Compared to Germany, the prices for convenience goods are approximately 68.29% lower.
The Corruption Perceptions Index for the public sector counts 25 and is compared to other countries very bad.


Back to overview: Madagascar

Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Madagascar
Total
Madagascar
per capita
EU
Total
EU
per capita
GDP13.72 bn USD495.49 USD15,192.65 tn USD29,499.72 USD
Gross national product13.40 bn USD483.82 USD16,042.23 tn USD31,149.36 USD


Development of the Gross domestic product in billion US Dollar 1979 - 2020



Im- and Exports 2019

 Madagascar
Total
Madagascar
per capita
EU
Total
EU
per capita
Imports4.84 bn USD174.78 USD8,073.39 bn USD15,676.19 USD
Exports4.35 bn USD156.96 USD8,622.21 bn USD16,741.84 USD


Development of imports and exports in million US dollars 1979 - 2019

Exports
Imports



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