The Gross Domestic Product (GDP) in Madagascar expanded 5 percent in 2018 from the previous year. Madagascar GDP Annual Growth Rate - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

GDP Annual Growth Rate in Madagascar averaged 2.05 percent from 1961 until 2018, reaching an all time high of 9.85 percent in 1979 and a record low of -12.70 percent in 2002. This page provides - Madagascar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP Annual Growth Rate in Madagascar is expected to reach 5.20 percent by the end of 2020, 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 5.40 percent in 2021 and 6.00 percent in 2022, according to our econometric models.


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Madagascar GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
5.00 4.20 9.85 -12.70 1961 - 2018 percent Yearly


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.