Madagascar recorded a Current Account deficit of 0.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Madagascar averaged -6.75 percent from 1974 until 2019, reaching an all time high of 0.80 percent in 2018 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. Madagascar Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Madagascar is expected to reach -4.20 percent by the end of 2020, 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 -3.00 percent in 2021 and -1.30 percent in 2022, according to our econometric models.

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Madagascar Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.20 0.80 0.80 -21.10 1974 - 2019 percent Yearly

Madagascar Trade Last Previous Highest Lowest Unit
Balance of Trade -309014.00 -534299.00 177517.00 -772177.00 million MGA [+]
Current Account -93.80 -70.00 169.10 -572.90 DTS Million [+]
Current Account to GDP -0.20 0.80 0.80 -21.10 percent [+]
Exports 610395.00 784811.00 1081927.00 51994.00 million MGA [+]
Imports 919409.00 1319110.00 1386304.00 253874.00 million MGA [+]
Terrorism Index 1.96 2.61 3.29 0.00 [+]
Tourist Arrivals 35150.00 45085.00 45085.00 9526.00 [+]


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.