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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Currency 3110.00
3488 3779 4094 4435 6107
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 4.00
percent
1.8 1.8 1.8 2.5 5.59
GDP 9.99
USD Billion
9.72 9.75 9.77 9.8 8.9
GDP per capita 415.80
USD
415 416 418 419 432
GDP per capita PPP 1396.10
USD
1404 1408 1411 1414 1431
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 2.13
percent
2.2 2.3 2.5 2.5 3.1
Population 24.89
Million
25.04 25.21 25.38 25.55 28.31
Wages High Skilled 815000.00
MGA/Month
792198 794254 796311 798368 789895
Wages Low Skilled 375500.00
MGA/Month
292645 285898 279152 272406 303203
Living Wage Family 573900.00
MGA/Month
573900 573900 573900 573900 573900
Living Wage Individual 287200.00
MGA/Month
287200 287200 287200 287200 287200
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 9.20
percent
9.2 9.2 9.2 9.2 9.5
Food Inflation 10.50
percent
9.99 9.56 9.3 9.19 9.23
Inflation Rate Mom 0.50
percent
0.59 0.59 0.62 0.61 0.61
Consumer Price Index Cpi 433.20
Index Points
436 436 436 436 430
CPI Transportation 367.10
Index Points
367 366 366 365 360
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 9.50
percent
9 9 9 9 6.5
Money Supply M3 10073.00
MGA Billion
10414 10527 10572 10577 10113
Deposit Interest Rate 15.00
percent
15.56 15.38 15.21 15.03 15.26
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -395570.00
million MGA
-267329 -255852 -251817 -250344 -249481
Exports 480901.00
million MGA
505224 490735 478710 466890 387464
Imports 876471.00
million MGA
876978 849741 823277 799255 680101
Current Account 27.00
DTS Million
64 64 64 64 66
Current Account to GDP -2.30
percent
-3.5 -3.5 -3.51 -3.5 -2.5
Terrorism Index 3.29
2 2.19 2.39 2.59 1.6
Tourist Arrivals 15537.00
18900 19900 19900 19800 19800
Foreign Direct Investment 1251.50
MGA Billion
1501 1641 1782 1922 2186
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 35.50
percent
35 35 35 35 41
Government Budget -3.20
percent of GDP
-2.78 -2.81 -2.84 -2.88 -2.75
Military Expenditure 59.90
USD Million
62.97 63.22 63.47 63.72 71.92
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Car Registrations 1755.00
1438 1422 1418 1417 1417
Internet Speed 3319.52
KBps
2989 2909 2852 2783 2162
IP Addresses 34386.00
IP
34184 33948 33720 33494 31021
Competitiveness Index 3.40
Points
3.4 3.4 3.4 3.4 3.36
Competitiveness Rank 121.00
124 124 124 124 114
Corruption Index 26.00
Points
27 26 26 26 29
Corruption Rank 145.00
129 130 131 132 127
Ease of Doing Business 162.00
158 156 155 153 140
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Corporate Tax Rate 20.00
percent
21 21 21 21 23
Personal Income Tax Rate 20.00
percent
21 21 21 21 22
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 19.00
percent
19 19 19 19 20
Social Security Rate For Companies 18.00
percent
18 18 18 18 18
Social Security Rate For Employees 1.00
percent
1.03 1.03 1.03 1.03 1.91
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Temperature 20.40
celsius
24.91 21.77 20.32 24.23 23.3