Madagascar Forecast

Overview	Actual	Q2/26	Q3/26	Q4/26	Q1/27
Inflation Rate (%)	6.80	7.5	6.8	7	5.9
Food Inflation (%)	7.60	8.6	7.8	8	6.7
CPI Transportation (points)	171.80	167	168	168
Consumer Price Index CPI (points)	200.30	204	204	209	212
Interest Rate (%)	12.00	12	12	12	10
GDP Annual Growth Rate (%)	4.30			3.5
GDP (USD Billion)	17.42			18.03
GDP per Capita (USD)	453.38			469
GDP per Capita PPP (USD)	1657.05			1715
Unemployment Rate (%)	3.00			2.9
Population (Million)	32.74			33.5
Current Account to GDP (% of GDP)	-6.10			-7.9
Government Debt to GDP (% of GDP)	48.70			40.4
Government Budget (% of GDP)	-2.20			-4

Prices	Actual	Q2/26	Q3/26	Q4/26	Q1/27
Inflation Rate (%)	6.80	7.5	6.8	7	5.9
Food Inflation (%)	7.60	8.6	7.8	8	6.7
CPI Transportation (points)	171.80	167	168	168
Consumer Price Index CPI (points)	200.30	204	204	209	212

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

GDP	Actual	Q2/26	Q3/26	Q4/26	Q1/27
GDP Annual Growth Rate (%)	4.30			3.5
GDP (USD Billion)	17.42			18.03
GDP per Capita (USD)	453.38			469
GDP per Capita PPP (USD)	1657.05			1715

Labour	Actual	Q2/26	Q3/26	Q4/26	Q1/27
Unemployment Rate (%)	3.00			2.9
Population (Million)	32.74			33.5

Trade	Actual	Q2/26	Q3/26	Q4/26	Q1/27
Current Account to GDP (% of GDP)	-6.10			-7.9

Government	Actual	Q2/26	Q3/26	Q4/26	Q1/27
Government Debt to GDP (% of GDP)	48.70			40.4
Government Budget (% of GDP)	-2.20			-4

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 Tuesday, May 26, 2026.