Madagascar | Economic Forecasts | 2017-2020 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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 3185.00 3220 3250 3340 3310 3820 [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 3.00 4.44 4.57 4.67 2.52 5.59 percent [+]
GDP 9.74 10.23 10.08 9.94 9.9 9.73 USD Billion [+]
GDP per capita 409.92 409 410 410 410 410 USD [+]
GDP per capita PPP 1376.26 1382 1382 1382 1383 1386 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 1.20 1.72 1.72 1.72 1.72 2 percent [+]
Population 24.24 24.57 24.75 24.92 25.09 27.72 Million [+]
Living Wage Family 571441.40 581684 585527 583786 584575 584329 MGA/Month [+]
Living Wage Individual 354205.60 348031 346325 347016 346736 346817 MGA/Month [+]
Wages High Skilled 836900.00 636399 634680 633940 633621 633380 MGA/Month [+]
Wages Low Skilled 303900.00 303900 303900 303900 303900 303900 MGA/Month [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 7.00 8.9 8.7 8.1 9.2 9.5 percent [+]
Food Inflation 5.60 4.39 4.29 4.25 4.24 4.23 percent [+]
Consumer Price Index Cpi 408.00 418 424 429 434 489 Index Points [+]
Cpi Transportation 359.80 360 365 363 363 363 Index Points [+]
Inflation Rate Mom 1.50 0.62 0.74 0.72 0.71 0.72 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 8.30 8.3 8 8 8 6.5 percent [+]
Money Supply M3 8625.00 9204 9448 9690 9930 12432 MGA Billion [+]
Deposit Interest Rate 15.00 13.83 14.32 14.82 14.53 13.82 percent [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade 20810.00 -144919 -150723 -152485 -152887 -152964 million MGA [+]
Exports 789020.00 582403 570053 572780 572178 572287 million MGA [+]
Imports 768210.00 711890 713068 712793 713191 713034 million MGA [+]
Current Account 59.00 0.55 5.33 17.29 15.14 11.74 DTS Million [+]
Current Account to GDP -2.30 -3.2 -3.2 -3.2 -3.5 -2.5 percent [+]
Foreign Direct Investment 1251.50 1842 1743 1644 1698 2114 MGA Billion [+]
Terrorism Index 1.67 1.83 1.69 1.55 1.59 1.65 [+]
Tourist Arrivals 38261.00 27425 23788 22111 21470 21252 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 35.50 37 37 37 35 41 percent [+]
Government Budget -3.40 -2.87 -2.75 -2.62 -2.69 -2.71 percent of GDP [+]
Military Expenditure 59.90 59.46 59.82 60.19 60.07 59.81 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Car Registrations 919.00 1403 1424 1435 1442 1451 Cars [+]
Competitiveness Index 3.33 3.35 3.35 3.35 3.35 3.37 Points [+]
Competitiveness Rank 128.00 127 131 131 127 126 [+]
Corruption Index 26.00 26 26 25 25 25 Points [+]
Corruption Rank 145.00 130 131 132 132 126 [+]
Ease of Doing Business 167.00 165 161 157 157 161 [+]
Industrial Production 4.07 7.14 8.71 10 9.44 7.68 Percentage [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Corporate Tax Rate 20.00 19.79 19.83 19.87 19.89 19.86 percent [+]
Personal Income Tax Rate 20.00 19.97 19.91 19.84 19.85 19.79 percent [+]
Sales Tax Rate 20.00 20 20 20 20 20 percent [+]
Social Security Rate 19.00 19 19 19 19 19 percent [+]
Social Security Rate For Companies 18.00 18 18 18 18 18 percent [+]
Social Security Rate For Employees 1.00 1 1 1 1 1 percent [+]