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Economy of Madagascar

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Overview Economy Population Trade Government Finance Society Environment

GDP Composition by Industry

24.5% 18.1% 11.7% 11.0% 28.0%
  • Agriculture, forestry & fishing: 24.5%
  • Mining, manufacturing & utilities: 18.1%
  • Construction: 6.7%
  • Trade, restaurants & hotels: 11.7%
  • Transport & communication: 11.0%
  • Finance, real estate & other services: 28.0%
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Agriculture, forestry & fishing
24.5%
Mining, manufacturing & utilities
18.1%
Construction
6.7%
Trade, restaurants & hotels
11.7%
Transport & communication
11.0%
Finance, real estate & other services
28.0%

Share of total gross value added by industry.
Source: UN National Accounts, 2024.

GDP

GDP (USD) 21.2B #133 / 190 2026
GDP (Local currency - MGA) 98.92T - 2026
Real GDP (Local currency - MGA) 25.66T - 2026
PPP GDP (Int$) 68.1B #121 / 191 2026
GNI (USD) 17B #137 / 210 2024

GDP per Capita

GDP per Capita (USD) 656 #185 / 190 2026
GDP per Capita (Local currency - MGA) 3.06M - 2026
Real GDP per Capita (Local currency - MGA) 794,017 - 2026
PPP GDP per Capita (Int$) 2,106 #183 / 191 2026
GNI per Capita (USD) 531 #204 / 210 2024

Economic Growth

GDP Growth 3.6% #65 / 191 2026

Prices and Inflation

Inflation Rate 8.3% #25 / 191 2026

Labor Market

Unemployment Rate No data - -

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