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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Currency 3240.00
3468 3741 4035 4353 5894
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 4.20
percent
4.2 4.2 2.5 3.5 5.59
GDP 9.99
USD Billion
9.9 9.85 9.8 9.8 9.7
GDP per capita 415.80
USD
414 415 416 414 414
GDP per capita PPP 1396.10
USD
1389 1393 1396 1392 1390
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 2.13
percent
2.3 2.5 2.5 2.42 3.1
Population 25.60
Million
24.53 24.7 24.86 24.86 24.78
Wages High Skilled 815000.00
MGA/Month
820000 820000 820000 830000 830000
Wages Low Skilled 375500.00
MGA/Month
376500 376500 376500 376500 380000
Living Wage Family 573900.00
MGA/Month
573900 573900 573900 593900 593900
Living Wage Individual 287200.00
MGA/Month
287200 287200 287200 287200 287200
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 9.00
percent
9.2 9.2 9.2 7.9 9.5
Food Inflation 11.90
percent
11.52 10.36 9.6 9.25 9.29
Inflation Rate Mom 1.40
percent
0.43 0.71 0.62 0.58 0.61
Consumer Price Index Cpi 444.70
Index Points
466 471 486 480 582
CPI Transportation 370.20
Index Points
403 401 404 399 485
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 9.50
percent
9 9 9 8 6.5
Money Supply M3 10073.00
MGA Billion
9900 9848 9806 9772 9642
Deposit Interest Rate 15.00
percent
14.37 14.13 13.89 13.83 14.02
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -84803.00
million MGA
-248915 -133668 -347728 -287360 -252050
Exports 887742.00
million MGA
674974 822215 688577 701616 726538
Imports 972545.00
million MGA
923889 955882 1037888 988976 978588
Current Account -136.30
DTS Million
64 64 64 -54.65 66
Current Account to GDP -2.30
percent
-3.5 -3.5 -3.5 -2.8 -2.5
Terrorism Index 3.29
2.4 2.7 3 3.01 3.05
Tourist Arrivals 9728.00
24800 19600 14400 18900 18600
Foreign Direct Investment 1251.50
MGA Billion
1841 1742 1644 1698 2119
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 41.90
percent
35 35 35 40 41
Government Budget -2.90
percent of GDP
-2.81 -2.84 -2.88 -2.88 -2.75
Military Expenditure 61.00
USD Million
62.9 63.12 63.34 63.69 67.84
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Car Registrations 1029.00
1693 1284 927 1528 1185
Internet Speed 3319.52
KBps
3153 3155 3170 3164 3155
IP Addresses 34386.00
IP
33948 33720 33494 33272 31021
Competitiveness Index 3.40
Points
3.36 3.36 3.36 3.36 3.36
Competitiveness Rank 121.00
124 124 124 124 124
Corruption Index 24.00
Points
24 24 24 24 24
Corruption Rank 155.00
155 155 155 155 155
Ease of Doing Business 162.00
156 155 153 151 139
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Temperature 20.40
celsius
21.77 20.32 24.23 24.96 23.3