Madagascar Forecast

Markets	Actual	Q4/26	Q1/27	Q2/27	Q3/27
Currency	4430.00	4391	4352	4313	4275

Overview	Actual	Q4/26	Q1/27	Q2/27	Q3/27
Currency	4430.00	4391	4352	4313	4275
Inflation Rate (%)	8.60	8.5	7.8	7.6	7.5
Food Inflation (%)	10.60	16	12	10	8
CPI Transportation (points)	175.50	167	168	168
Consumer Price Index CPI (points)	205.10	212	216	221	220
Interest Rate (%)	12.50	13	13.5	13.5	13.25
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)	1668.48	1727
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	Q4/26	Q1/27	Q2/27	Q3/27
Inflation Rate (%)	8.60	8.5	7.8	7.6	7.5
Food Inflation (%)	10.60	16	12	10	8
CPI Transportation (points)	175.50	167	168	168
Consumer Price Index CPI (points)	205.10	212	216	221	220

Money	Actual	Q4/26	Q1/27	Q2/27	Q3/27
Interest Rate (%)	12.50	13	13.5	13.5	13.25

GDP	Actual	Q4/26	Q1/27	Q2/27	Q3/27
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)	1668.48	1727

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

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

Government	Actual	Q4/26	Q1/27	Q2/27	Q3/27
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 Sunday, October 4, 2026.