Markets Actual Q4 Q1 Q2 Q3 2021
Currency 3925.00 3975 4001 4026 4052 4103

Overview Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 5.20 -2 5 5 5 5
Unemployment Rate (%) 1.60 1.9 2.3 2.3 2.3 2.3
Inflation Rate (%) 4.00 4.3 4.2 4.4 4.5 4.5
Interest Rate (%) 9.50 9.5 9 9 9 9
Balance of Trade (million MGA) -309014.00 -317269 -317275 -317278 -317278 -317269
Current Account to GDP (%) -0.20 -4.2 -3 -3 -3 -3
Government Debt to GDP (%) 30.10 40 37 37 37 37
Government Budget (% of GDP) -2.40 -5 -4.4 -4.4 -4.4 -4.4
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20

GDP Actual Q4 Q1 Q2 Q3 2021
GDP Annual Growth Rate (%) 5.20 -2 5 5 5 5
GDP (USD Billion) 14.08 10 12.5 12.5 12.5 12.5
GDP per capita (USD) 500.20 360 465 465 465 465
GDP per capita PPP (USD) 1646.20 1480 1560 1560 1560 1560

Labour Actual Q4 Q1 Q2 Q3 2021
Unemployment Rate (%) 1.60 1.9 2.3 2.3 2.3 2.3
Population (Million) 26.87 27.64 28.4 28.4 28.4 28.33

Prices Actual Q4 Q1 Q2 Q3 2021
Inflation Rate (%) 4.00 4.3 4.2 4.4 4.5 4.5
Food Inflation (%) 3.60 3.4 3.6 3.8 4 4
Consumer Price Index CPI (points) 130.20 548 132 134 135 600
CPI Transportation (points) 120.30 448 122 123 124 490
Inflation Rate Mom (%) 0.30 0.4 0.3 0.4 0.5 0.6

Money Actual Q4 Q1 Q2 Q3 2021
Interest Rate (%) 9.50 9.5 9 9 9 9
Deposit Interest Rate (%) 13.00 11.5 13 12.5 12.5 11.5

Trade Actual Q4 Q1 Q2 Q3 2021
Balance of Trade (million MGA) -309014.00 -317269 -317275 -317278 -317278 -317269
Current Account to GDP (%) -0.20 -4.2 -3 -3 -3 -3
Tourist Arrivals 35150.00 19300 18500 18350 23000 22500

Government Actual Q4 Q1 Q2 Q3 2021
Government Debt to GDP (%) 30.10 40 37 37 37 37
Government Budget (% of GDP) -2.40 -5 -4.4 -4.4 -4.4 -4.4
Military Expenditure (USD Million) 72.90 69.2 69.2 69.2 69.2 75

Taxes Actual Q4 Q1 Q2 Q3 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.