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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Currency 3050.00 3150 3120 3090 3058 2707 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 4.00 3.1 1.82 1.85 1.87 5.59 percent [+]
GDP 9.99 9.8 9.72 9.65 9.57 9.1 USD Billion [+]
GDP per capita 415.80 419 420 421 422 429 USD [+]
GDP per capita PPP 1396.10 1414 1417 1420 1422 1433 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 2.13 2.1 2.2 2.3 2.5 3.1 percent [+]
Population 24.89 25.55 25.72 25.89 26.06 27.61 Million [+]
Living Wage Family 571441.40 583360 591544 585569 589931 587982 MGA/Month [+]
Living Wage Individual 354205.60 359181 359352 359285 359311 359304 MGA/Month [+]
Wages High Skilled 836900.00 633940 633621 633484 633425 633380 MGA/Month [+]
Wages Low Skilled 303900.00 252780 252780 252780 252780 252780 MGA/Month [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 8.20 8.6 9.2 9.2 9.2 9.5 percent [+]
Food Inflation 7.90 8.68 8.99 9.14 9.19 9.14 percent [+]
Consumer Price Index Cpi 426.50 429 429 429 429 425 Index Points [+]
CPI Transportation 369.30 367 366 366 365 361 Index Points [+]
Inflation Rate Mom 0.30 0.78 0.7 0.71 0.72 0.72 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 9.00 9 9 9 9 6.5 percent [+]
Money Supply M3 9279.00 9247 9216 9181 9144 8799 MGA Billion [+]
Deposit Interest Rate 15.00 15.81 15.82 15.82 15.83 15.49 percent [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -202144.00 -235024 -237874 -239102 -239683 -240269 million MGA [+]
Exports 527007.00 577801 562618 549977 538078 457754 million MGA [+]
Imports 729151.00 742861 720517 699209 680783 605741 million MGA [+]
Current Account 59.00 57 64 64 64 66 DTS Million [+]
Current Account to GDP -2.30 -3.2 -3.5 -3.5 -4.93 -2.5 percent [+]
Foreign Direct Investment 1251.50 1922 2027 2132 2238 2203 MGA Billion [+]
Terrorism Index 1.67 1.46 1.38 1.3 1.22 1.2 [+]
Tourist Arrivals 10757.00 18700 19900 19900 19700 19600 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 35.50 37 35 35 35 41 percent [+]
Government Budget -3.20 -2.88 -2.88 -2.88 -2.88 -2.76 percent of GDP [+]
Military Expenditure 59.90 63.72 64.3 64.88 65.46 70.36 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Car Registrations 775.00 1166 1241 1287 1315 1361 Cars [+]
Competitiveness Index 3.40 3.4 3.4 3.4 3.4 3.37 Points [+]
Competitiveness Rank 121.00 124 124 124 124 118 [+]
Corruption Index 26.00 26 27 27 28 28 Points [+]
Corruption Rank 145.00 132 132 132 132 126 [+]
Ease of Doing Business 167.00 156 154 152 149 137 [+]
Industrial Production -13.85 -3.7 -7.64 -8.44 -6.12 -4.24 Percentage [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Corporate Tax Rate 20.00 21.31 21.58 21.85 22.12 25.37 percent [+]
Personal Income Tax Rate 20.00 20.9 21.17 21.43 21.7 24.6 percent [+]
Sales Tax Rate 20.00 20.16 20.15 20.15 20.14 20.09 percent [+]
Social Security Rate 19.00 19.52 19.56 19.61 19.66 20.05 percent [+]
Social Security Rate For Companies 18.00 18 18 18 18 18 percent [+]
Social Security Rate For Employees 1.00 1.52 1.56 1.61 1.66 2.05 percent [+]