Markets Actual Q2 Q3 Q4 Q1 2021
Currency 3735.00 3737 3761 3785 3809 3857

Overview Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.20 -5 -5 -5 0.6 0.6
Unemployment Rate (%) 1.60 2.9 2.9 2.9 3.4 3.4
Inflation Rate (%) 4.20 5.3 5.4 5.5 5.7 6
Interest Rate (%) 9.50 9 9 9 9 8
Balance of Trade (million MGA) -309014.00 -317270 -317275 -317274 -317278 -317269
Current Account to GDP (%) -0.20 -3.9 -3.9 -3.9 -4.2 -4.2
Government Debt to GDP (%) 35.10 48 48 48 42 42
Government Budget (% of GDP) -2.40 -5 -5 -5 -2.8 -2.8
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20

GDP Actual Q2 Q3 Q4 Q1 2021
GDP Annual Growth Rate (%) 5.20 -5 -5 -5 0.6 0.6
GDP (USD Billion) 12.80 11.94 13.2 13.2 13.6 13.6
GDP per capita (USD) 432.70 454 454 454 465 465
GDP per capita PPP (USD) 1452.60 2020 2020 2020 1351 2075

Labour Actual Q2 Q3 Q4 Q1 2021
Unemployment Rate (%) 1.60 2.9 2.9 2.9 3.4 3.4
Population (Million) 26.87 27.45 27.45 27.64 28.4 28.33
Living Wage Family (MGA/Month) 672000.00 672000 672000 593900 593900 599900
Wages High Skilled (MGA/Month) 829600.00 820000 820000 830000 830000 855000

Prices Actual Q2 Q3 Q4 Q1 2021
Inflation Rate (%) 4.20 5.3 5.4 5.5 5.7 6
Food Inflation (%) 3.20 4.5 5 5.3 5.1 6
Consumer Price Index Cpi (points) 129.10 131 132 134 134 142
CPI Transportation (points) 118.40 123 123 124 124 131
Inflation Rate Mom (%) 0.60 0.4 0.3 0.5 0.3 0.6

Money Actual Q2 Q3 Q4 Q1 2021
Interest Rate (%) 9.50 9 9 9 9 8
Deposit Interest Rate (%) 13.00 13 12.5 11.5 12.5 11.5

Trade Actual Q2 Q3 Q4 Q1 2021
Balance of Trade (million MGA) -309014.00 -317270 -317275 -317274 -317278 -317269
Current Account to GDP (%) -0.20 -3.9 -3.9 -3.9 -4.2 -4.2

Government Actual Q2 Q3 Q4 Q1 2021
Government Debt to GDP (%) 35.10 48 48 48 42 42
Government Budget (% of GDP) -2.40 -5 -5 -5 -2.8 -2.8
Military Expenditure (USD Million) 72.90 69.2 69.2 69.2 69.2 75

Taxes Actual Q2 Q3 Q4 Q1 2021
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 19.00 19 19 19 19 19
Social Security Rate For Companies (%) 18.00 18 18 18 18 18
Social Security Rate For Employees (%) 1.00 1 1 1 1 1


This page has economic forecasts for Madagascar including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Madagascar economy.