Madagascar - Economic Forecasts - 2018-2020 Outlook

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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 3266.00
 3570 3850 4152 4478 6058
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.20
percent		 2.27 2.5 3.5 2.45 5.59
GDP 11.50
USD Billion		 11.9 11.9 12.8 12.8 13.2
GDP per capita 421.89
USD		 415 420 414 414 417
GDP per capita PPP 1416.44
USD		 1408 1411 1392 1392 1399
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.80
percent		 2 2 2 2 2.5
Population 25.60
Million		 25.4 25.57 25.57 25.56 25.51
Wages High Skilled 815000.00
MGA/Month		 820000 820000 820000 795481 830000
Wages Low Skilled 375500.00
MGA/Month		 376500 376500 376500 292624 380000
Living Wage Family 573900.00
MGA/Month		 573900 573900 593900 573900 593900
Living Wage Individual 287200.00
MGA/Month		 287200 287200 287200 287200 287200
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 9.00
percent		 9.2 9.2 8.8 8.8 9.5
Food Inflation 11.90
percent		 13.53 13.59 13.61 13.62 13.62
Inflation Rate Mom 1.40
percent		 0.68 0.64 0.61 0.63 0.63
Consumer Price Index Cpi 444.70
Index Points		 471 486 484 484 582
Cpi Housing Utilities 562.10
Index Points		 588 596 605 613 697
CPI Transportation 370.20
Index Points		 401 404 403 403 485
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.50
percent		 9 9 8 9.5 6.5
Money Supply M3 10674.30
MGA Billion		 11203 11510 11815 12118 15006
Deposit Interest Rate 15.00
percent		 14.5 14.5 13.5 15 12
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -84803.00
million MGA		 -203063 -202236 -202146 -202013 -201946
Exports 887742.00
million MGA		 779636 779246 779233 779223 779221
Imports 972545.00
million MGA		 982699 981765 981379 981236 981168
Current Account -136.30
DTS Million		 64 64 -19.13 -42.36 66
Current Account to GDP -4.10
percent		 -3.5 -3.5 -2.8 -2.8 -2.5
Terrorism Index 3.29
 2.7 3 3.01 3.03 3.05
Tourist Arrivals 9728.00
 20300 20200 20100 20000 20000
Foreign Direct Investment 1251.50
MGA Billion		 1742 1644 1698 1752 2119
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 41.90
percent		 35 35 40 40 41
Government Budget -2.90
percent of GDP		 -2.88 -2.88 -2.85 -2.82 -2.75
Military Expenditure 61.00
USD Million		 59.32 58.49 58.84 59.18 60.06
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Car Registrations 1029.00
 1399 1401 1402 1402 1402
Internet Speed 3319.52
KBps		 3155 3170 3164 3153 3155
IP Addresses 34386.00
IP		 38496 39220 39905 40603 47803
Competitiveness Index 3.40
Points		 3.4 3.4 3.41 3.41 3.36
Competitiveness Rank 121.00
 128 128 121 119 117
Corruption Index 24.00
Points		 24 23 23 23 24
Corruption Rank 155.00
 147 148 150 152 167
Ease of Doing Business 162.00
 155 153 151 150 139
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 20.40
celsius		 20.32 24.23 24.96 23.55 23.3