Imports$3.709 billion (2011 est.)
Exports$1.389 billion (2011 est.)
Inflation rate (consumer prices)9.5% (2011 est.)
GDP - per capita (PPP)$900 (2011 est.)
National product real growth rate1.5% (2010 est.)
Internet users319,900 (2009)
Telephones - mobile cellular8.242 million (2009)
Population growth rate2.952% (2012 est.)
Population22,585,517 (July 2012 est.)
About this country
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....
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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