The Gross Domestic Product (GDP) in Madagascar expanded 4.20 percent in 2017 from the previous year. GDP Annual Growth Rate in Madagascar averaged 2 percent from 1961 until 2017, reaching an all time high of 9.85 percent in 1979 and a record low of -12.70 percent in 2002.

GDP Annual Growth Rate in Madagascar is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar GDP Annual Growth Rate is projected to trend around 5.00 percent in 2020, according to our econometric models.

Madagascar GDP Annual Growth Rate
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Madagascar GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 4.20 4.00 9.85 -12.70 percent [+]
GDP 11.50 9.99 11.50 0.67 USD Billion [+]
GDP per capita 421.89 416.00 755.00 374.50 USD [+]
GDP per capita PPP 1416.44 1396.10 1653.20 1257.30 USD [+]


Madagascar GDP Annual Growth Rate

Madagascar is one of the poorest countries in the world with over 70 percent of population living below the poverty line. Madagascar’s economy depends on agriculture (shrimps, spices, coffee, cacao, cotton, tobacco are the most important products), ecotourism and mining (graphite, chromie). After years of stable growth, the country faced a military coup in 2009. As a result, the economic activity slowed down substantially, tourism revenues dropped and financial aid for the country was halted. Yet, as democracy and order return to Madagascar, tourism and foreign direct investments are recovering and increasing expectations of fast recovery. This page provides - Madagascar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.00 9.85 -12.70 1961 - 2017 percent Yearly




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