Madagascar recorded a Current Account deficit of 2 percent of the country's Gross Domestic Product in 2018.

Current Account to GDP in Madagascar averaged -6.96 percent from 1974 until 2018, reaching an all time high of 0.60 percent in 2016 and a record low of -21.10 percent in 2009. This page provides - Madagascar Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Current Account to GDP in Madagascar is expected to be -3.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Current Account to GDP is projected to trend around -4.00 percent in 2020, according to our econometric models.

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Madagascar Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-2.00 -0.30 0.60 -21.10 1974 - 2018 percent Yearly

Madagascar Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.