Markets Actual Q1 Q2 Q3 Q4 2022
Currency 3784.88 3799 3824 3848 3873 3922

Overview Actual Q1 Q2 Q3 Q4 2022
GDP Annual Growth Rate (%) 5.20 3 3 3 3 4.7
Unemployment Rate (%) 1.60 2.3 2.3 2.3 2.3 2.5
Inflation Rate (%) 4.50 4.2 4.4 4.5 4.5 4.3
Interest Rate (%) 9.50 9 9 9 9 9
Balance of Trade (million MGA) -504566.00 -317270 -317275 -317278 -317269 -317269
Current Account to GDP (%) -0.20 -3 -3 -3 -3 -1.3
Government Debt to GDP (%) 30.10 42 42 42 42 44
Government Budget (% of GDP) -2.40 -4.4 -4.4 -4.4 -4.4 -2.6
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 2022
GDP Annual Growth Rate (%) 5.20 3 3 3 3 4.7
GDP (USD Billion) 14.08 12.5 12.5 12.5 12.5 13.75
GDP per capita (USD) 500.20 465 465 465 465 485
GDP per capita PPP (USD) 1646.20 1560 1560 1560 1560 1645

Labour Actual Q1 Q2 Q3 Q4 2022
Unemployment Rate (%) 1.60 2.3 2.3 2.3 2.3 2.5
Population (Million) 26.87 28.4 28.4 28.4 28.33 29.02

Prices Actual Q1 Q2 Q3 Q4 2022
Inflation Rate (%) 4.50 4.2 4.4 4.5 4.5 4.3
Food Inflation (%) 4.80 3.6 3.8 4 4 4.2
Consumer Price Index CPI (points) 132.50 548 132 134 600 600
CPI Transportation (points) 122.30 448 122 123 490 490
Inflation Rate Mom (%) 0.70 0.3 0.4 0.5 0.5 0.5

Money Actual Q1 Q2 Q3 Q4 2022
Interest Rate (%) 9.50 9 9 9 9 9
Deposit Interest Rate (%) 13.00 11.5 13 12.5 11.5 11.5

Trade Actual Q1 Q2 Q3 Q4 2022
Balance of Trade (million MGA) -504566.00 -317270 -317275 -317278 -317269 -317269
Current Account to GDP (%) -0.20 -3 -3 -3 -3 -1.3
Tourist Arrivals 35150.00 18500 18350 23000 22500 26000

Government Actual Q1 Q2 Q3 Q4 2022
Government Debt to GDP (%) 30.10 42 42 42 42 44
Government Budget (% of GDP) -2.40 -4.4 -4.4 -4.4 -4.4 -2.6
Military Expenditure (USD Million) 72.90 69.2 69.2 69.2 75 75

Taxes Actual Q1 Q2 Q3 Q4 2022
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.