Madagascar Forecast

Markets	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Currency	4300.58	4399	4349	4309	4269

Overview	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Currency	4300.58	4399	4349	4309	4269
Inflation Rate (%)	8.60	8.1	8.2	7.8	7.6
Food Inflation (%)	10.60	14	10	8.5	7
CPI Transportation (points)	175.50	167	168	168
Consumer Price Index CPI (points)	205.10	207	211	216	221
Interest Rate (%)	12.00	12	12	10	10
GDP Annual Growth Rate (%)	4.30		3.5
GDP (USD Billion)	19.62		20.31
GDP per Capita (USD)	456.51		472
GDP per Capita PPP (USD)	1657.05		1715
Unemployment Rate (%)	3.00		3.1
Population (Million)	32.74		33.5
Current Account to GDP (% of GDP)	-6.00		-7.9
Government Debt to GDP (% of GDP)	48.70		40.4
Government Budget (% of GDP)	-4.10		-4.3

Prices	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Inflation Rate (%)	8.60	8.1	8.2	7.8	7.6
Food Inflation (%)	10.60	14	10	8.5	7
CPI Transportation (points)	175.50	167	168	168
Consumer Price Index CPI (points)	205.10	207	211	216	221

Money	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Interest Rate (%)	12.00	12	12	10	10

GDP	Actual	Q3/26	Q4/26	Q1/27	Q2/27
GDP Annual Growth Rate (%)	4.30		3.5
GDP (USD Billion)	19.62		20.31
GDP per Capita (USD)	456.51		472
GDP per Capita PPP (USD)	1657.05		1715

Labour	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Unemployment Rate (%)	3.00		3.1
Population (Million)	32.74		33.5

Trade	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Current Account to GDP (% of GDP)	-6.00		-7.9

Government	Actual	Q3/26	Q4/26	Q1/27	Q2/27
Government Debt to GDP (% of GDP)	48.70		40.4
Government Budget (% of GDP)	-4.10		-4.3

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Madagascar Forecast - was last updated on Monday, July 27, 2026.