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.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 3617.00
3489 3527 3565 3604 3764
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 4.20
percent
5 5.4 5.4 5.4 5
GDP 11.50
USD Billion
11.9 12.8 12.8 12.8 13.2
GDP per capita 421.89
USD
420 414 414 420 417
GDP per capita PPP 1416.44
USD
1411 1392 1392 1409 1399
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 1.80
percent
2 2 2 2 2.5
Population 25.60
Million
25.57 25.57 25.56 25.56 25.51
Wages High Skilled 829600.00
MGA/Month
820000 820000 823004 815318 830000
Wages Low Skilled 324900.00
MGA/Month
376500 376500 288030 254520 380000
Living Wage Family 672000.00
MGA/Month
672000 593900 672000 672000 593900
Living Wage Individual 351100.00
MGA/Month
351100 351100 351100 351100 351100
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 7.30
percent
6.6 6.3 6 6 9.5
Food Inflation 8.70
percent
9 8.6 8.3 8 9
Inflation Rate Mom 0.30
percent
0.7 0.6 0.58 0.61 0.6
Consumer Price Index Cpi 460.50
Index Points
474 481 485 488 550
Cpi Housing Utilities 584.10
Index Points
595 604 612 620 695
CPI Transportation 380.20
Index Points
395 396 397 403 458
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 9.50
percent
9.5 9 9 8.5 6.5
Money Supply M3 10938.90
MGA Billion
11425 11719 12010 12299 14792
Deposit Interest Rate 13.00
percent
13 12.5 12.5 12 10
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -409670.00
million MGA
-318557 -316317 -317270 -317275 -317269
Exports 622673.00
million MGA
764811 771882 771768 771949 771992
Imports 1032343.00
million MGA
1084648 1088199 1089039 1089224 1089261
Current Account 44.20
DTS Million
64 -19.13 -42.36 -52.39 66
Current Account to GDP -4.10
percent
-3.5 -2.8 -2.8 -2.8 -2.5
Terrorism Index 3.29
3.29 3.29 3.29 3.29 3.29
Tourist Arrivals 14856.00
19500 20200 20300 20200 20200
Foreign Direct Investment 1251.50
MGA Billion
1644 1698 1752 1806 2119
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 41.90
percent
35 40 40 40 41
Government Budget -2.90
percent of GDP
-2.9 -2.9 -2.9 -2.9 -2.9
Military Expenditure 61.00
USD Million
58.49 58.84 59.18 59.53 60.06
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Car Registrations 555.00
1265 1257 1256 1257 1257
Internet Speed 3319.52
KBps
3170 3164 3153 3155 3155
IP Addresses 34386.00
IP
39220 39905 40603 41324 47803
Competitiveness Index 3.40
Points
3.9 3.9 3.9 3.9 6.4
Competitiveness Rank 121.00
121 121 121 121 121
Corruption Index 24.00
Points
24 24 24 24 24
Corruption Rank 155.00
155 155 155 155 155
Ease of Doing Business 161.00
162 161 161 160 162
Electricity Production 153.69
Gigawatt-hour
149 149 148 148 148
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 20 20
Personal Income Tax Rate 20.00
percent
20 20 20 20 20
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 19.00
percent
19 19 19 19 19
Social Security Rate For Companies 18.00
percent
18 18 18 18 18
Social Security Rate For Employees 1.00
percent
1 1 1 1 1
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Temperature 20.40
celsius
24.23 24.96 23.55 23.63 23.3



Madagascar - Economic Forecasts - 2018-2020 Outlook