Markets Actual Q1 Q2 Q3 Q4 2020
Currency 3619.00 3507 3540 3573 3606 3675
Overview Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.20 5.4 5.4 5.4 5.4 5
Unemployment Rate (%) 1.80 2 2 2 2 2.5
Inflation Rate (%) 7.20 6.3 6 6 6 9.5
Interest Rate (%) 9.50 9 9 8.5 8.5 6.5
Balance of Trade (million MGA) -409670.00 -316317 -317270 -317275 -317278 -317269
Current Account to GDP (%) -4.10 -2.8 -2.8 -2.8 -2.8 -2.5
Government Debt to GDP (%) 41.90 40 40 40 40 41
Government Budget (% of GDP) -2.90 -2.9 -2.9 -2.9 -2.9 -2.9
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
GDP Actual Q1 Q2 Q3 Q4 2020
GDP Annual Growth Rate (%) 4.20 5.4 5.4 5.4 5.4 5
GDP (USD Billion) 11.50 12.8 12.8 12.8 12.8 13.2
GDP per capita (USD) 421.89 414 414 420 420 418
GDP per capita PPP (USD) 1416.44 1392 1392 1409 1409 1404
Labour Actual Q1 Q2 Q3 Q4 2020
Unemployment Rate (%) 1.80 2 2 2 2 2.5
Wages High Skilled (MGA/Month) 829600.00 820000 823004 815318 820000 830000
Wages Low Skilled (MGA/Month) 324900.00 376500 288030 254520 376500 380000
Living Wage Family (MGA/Month) 672000.00 593900 672000 672000 672000 593900
Prices Actual Q1 Q2 Q3 Q4 2020
Inflation Rate (%) 7.20 6.3 6 6 6 9.5
Food Inflation (%) 8.70 8.6 8.3 8 7.7 9
Consumer Price Index Cpi (Index Points) 462.10 481 485 490 490 536
CPI Transportation (Index Points) 380.60 396 397 403 403 442
Money Actual Q1 Q2 Q3 Q4 2020
Interest Rate (%) 9.50 9 9 8.5 8.5 6.5
Deposit Interest Rate (%) 13.00 12.5 12.5 12 12 12
Trade Actual Q1 Q2 Q3 Q4 2020
Balance of Trade (million MGA) -409670.00 -316317 -317270 -317275 -317278 -317269
Current Account to GDP (%) -4.10 -2.8 -2.8 -2.8 -2.8 -2.5
Government Actual Q1 Q2 Q3 Q4 2020
Government Debt to GDP (%) 41.90 40 40 40 40 41
Government Budget (% of GDP) -2.90 -2.9 -2.9 -2.9 -2.9 -2.9
Taxes Actual Q1 Q2 Q3 Q4 2020
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 19.00 19 19 19 19 19
Social Security Rate For Companies (%) 18.00 18 18 18 18 18
Social Security Rate For Employees (%) 1.00 1 1 1 1 1


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.