Madagascar : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook


$3.709 billion (2011 est.)
$3.534 billion (2010 est.)


$1.389 billion (2011 est.)
$1.173 billion (2010 est.)

Inflation rate (consumer prices)

9.5% (2011 est.)
9.2% (2010 est.)

GDP - per capita (PPP)

$900 (2011 est.)
$1,000 (2010 est.)
$1,000 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

1.5% (2010 est.)
-1% (2009 est.)
7% (2008 est.)

Internet users

319,900 (2009)

Telephones - mobile cellular

8.242 million (2009)

Population growth rate

2.952% (2012 est.)


22,585,517 (July 2012 est.)

Historical background

Formerly an independent kingdom, Madagascar became a French colony in 1896 but regained independence in 1960.

During 1992-93, free presidential and National Assembly elections were held ending 17 years of single-party rule.

In 1997, in the second presidential race, Didier RATSIRAKA, the leader during the 1970s and 1980s, was returned to the presidency.

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Economic 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.

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Madagascar - ISA Country Report

Madagascar - ISA Country Report

  • $ 99
  • Country report
  • April 2015
  • by ISA

This report contains detailed forecasts and analysis for Madagascar, including trade and investment analysis, economic forecasts, political risk assessments and demographic trend analysis. Each ISA Country ...

  • Countries : Madagascar

The Economist Intelligence Unit

Country Report Madagascar 1st Quarter 2015

Country Report Madagascar 1st Quarter 2015

  • $ 285
  • Country report
  • March 2015
  • by The Economist Intelligence Unit

Outlook for 2015-16 Political stability should gradually improve under the president, Hery Rajaonarimampianina, and the democratically elected government, although the risks of civil unrest are significant.The ...

  • Countries : Madagascar

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