Markets Actual Q3 Q4 Q1 Q2 2020
Currency 3734.00 3731 3764 3797 3832 3900
Overview Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 5.00 5.4 5.4 5.2 5.2 5.2
Unemployment Rate (%) 1.80 2 2 2.5 2.5 2.5
Inflation Rate (%) 5.50 5.7 6 6.4 6.6 7
Interest Rate (%) 9.50 9.5 9 9 9 8.5
Balance of Trade (million MGA) -426616.00 -317275 -317278 -317278 -317278 -317269
Current Account to GDP (%) -4.10 -2.8 -2.8 -3.9 -3.9 -3.9
Government Debt to GDP (%) 41.90 40 40 39 39 39
Government Budget (% of GDP) -2.90 -2.9 -2.9 -2.9 -2.9 -2.9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
GDP Actual Q3 Q4 Q1 Q2 2020
GDP Annual Growth Rate (%) 5.00 5.4 5.4 5.2 5.2 5.2
GDP (USD Billion) 12.10 12.8 12.8 13.2 13.2 13.2
GDP per capita (USD) 432.70 430 430 440 440 440
GDP per capita PPP (USD) 1452.60 1951 1951 2020 2020 2020
Labour Actual Q3 Q4 Q1 Q2 2020
Unemployment Rate (%) 1.80 2 2 2.5 2.5 2.5
Wages High Skilled (MGA/Month) 829600.00 823004 820000 820000 820000 830000
Wages Low Skilled (MGA/Month) 324900.00 288030 376500 376500 376500 380000
Living Wage Family (MGA/Month) 672000.00 672000 672000 672000 672000 593900
Prices Actual Q3 Q4 Q1 Q2 2020
Inflation Rate (%) 5.50 5.7 6 6.4 6.6 7
Food Inflation (%) 4.90 5.4 5.2 5.4 5.6 6
Consumer Price Index Cpi (Index Points) 124.70 126 127 131 132 136
CPI Transportation (Index Points) 116.90 122 123 124 125 132
Money Actual Q3 Q4 Q1 Q2 2020
Interest Rate (%) 9.50 9.5 9 9 9 8.5
Deposit Interest Rate (%) 13.00 13 12.5 12.5 12.5 12
Trade Actual Q3 Q4 Q1 Q2 2020
Balance of Trade (million MGA) -426616.00 -317275 -317278 -317278 -317278 -317269
Current Account to GDP (%) -4.10 -2.8 -2.8 -3.9 -3.9 -3.9
Government Actual Q3 Q4 Q1 Q2 2020
Government Debt to GDP (%) 41.90 40 40 39 39 39
Government Budget (% of GDP) -2.90 -2.9 -2.9 -2.9 -2.9 -2.9
Taxes Actual Q3 Q4 Q1 Q2 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.