Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3646.35 3659 3682 3706 3731 3779
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 5.00 5.2 5.2 5.2 5.2 5.4
Unemployment Rate (%) 1.70 2 2 2 2 2.3
Inflation Rate (%) 4.90 5.1 5.3 5.4 5.5 6
Interest Rate (%) 9.50 9.5 9.5 9 9 8
Balance of Trade (million MGA) -533961.40 -317270 -317275 -317278 -317274 -317269
Current Account to GDP (%) -2.00 -3.9 -3.9 -3.9 -3.9 -4.2
Government Debt to GDP (%) 35.10 39 39 39 39 38
Government Budget (% of GDP) -2.30 -2.6 -2.6 -2.6 -2.6 -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 Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 5.00 5.2 5.2 5.2 5.2 5.4
GDP (USD Billion) 12.10 13.2 13.2 13.2 13.2 13.6
GDP per capita (USD) 432.70 454 454 454 454 465
GDP per capita PPP (USD) 1452.60 2020 2020 2020 2020 2075
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 1.70 2 2 2 2 2.3
Population (Million) 26.26 27.45 27.45 27.45 27.64 28.33
Wages High Skilled (MGA/Month) 829600.00 820000 820000 820000 830000 855000
Wages Low Skilled (MGA/Month) 324900.00 376500 376500 376500 380000 388000
Living Wage Family (MGA/Month) 672000.00 672000 672000 672000 593900 599900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 4.90 5.1 5.3 5.4 5.5 6
Food Inflation (%) 3.80 4 4.5 5 5.3 6
Inflation Rate Mom (%) 0.20 0.3 0.4 0.3 0.5 0.6
Consumer Price Index Cpi (points) 126.00 129 130 132 133 141
CPI Transportation (points) 117.10 122 123 123 124 131
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.50 9.5 9.5 9 9 8
Deposit Interest Rate (%) 13.00 11.5 13 13 11.5 11.5
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (million MGA) -533961.40 -317270 -317275 -317278 -317274 -317269
Current Account to GDP (%) -2.00 -3.9 -3.9 -3.9 -3.9 -4.2
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 35.10 39 39 39 39 38
Government Budget (% of GDP) -2.30 -2.6 -2.6 -2.6 -2.6 -2.8
Military Expenditure (USD Million) 72.90 69.2 69.2 69.2 69.2 75
Taxes Actual Q1 Q2 Q3 Q4 2020
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.