Markets Actual Q3 Q4 Q1 Q2 2022
Currency 3931.80 3995 4040 4087 4133 4228

Overview Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -4.00 3 3 4.6 4.6 4.6
Unemployment Rate (%) 1.90 1.9 1.9 1.8 1.8 1.8
Inflation Rate (%) 6.25 6 5 4.6 4.2 4.3
Interest Rate (%) 9.50 9.5 9.5 10 10 10
Balance of Trade (million MGA) -321972.00 -317270 -317272 -317278 -317278 -317269
Current Account to GDP (% of GDP) -3.50 -3 -3 -2.5 -2.5 -2.5
Government Debt to GDP (% of GDP) 44.80 45 45 43 43 43
Government Budget (% of GDP) -6.30 -5.7 -5.7 -4.5 -4.5 -4.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20

GDP Actual Q3 Q4 Q1 Q2 2022
GDP Annual Growth Rate (%) -4.00 3 3 4.6 4.6 4.6
GDP (USD Billion) 13.72 14 14 14.5 14.5 14.5
GDP per capita (USD) 458.81 465 465 465 465 485
GDP per capita PPP (USD) 1510.14 1560 1560 1560 1560 1645

Labour Actual Q3 Q4 Q1 Q2 2022
Unemployment Rate (%) 1.90 1.9 1.9 1.8 1.8 1.8
Population (Million) 27.69 28.4 28.33 28.33 28.33 29.02

Prices Actual Q3 Q4 Q1 Q2 2022
Inflation Rate (%) 6.25 6 5 4.6 4.2 4.3
Food Inflation (%) 8.00 9 7 6 5.3 4
Consumer Price Index CPI (points) 137.90 139 139 141 143 145
CPI Transportation (points) 123.80 128 128 128 128 134
Inflation Rate Mom (%) 0.40 0.6 0.6 0.4 0.2 0.4

Money Actual Q3 Q4 Q1 Q2 2022
Interest Rate (%) 9.50 9.5 9.5 10 10 10
Deposit Interest Rate (%) 13.75 13.75 11.5 14.25 14.25 14.25

Trade Actual Q3 Q4 Q1 Q2 2022
Balance of Trade (million MGA) -321972.00 -317270 -317272 -317278 -317278 -317269
Current Account to GDP (% of GDP) -3.50 -3 -3 -2.5 -2.5 -2.5
Tourist Arrivals 559.00 23000 22500 22500 22500 26000

Government Actual Q3 Q4 Q1 Q2 2022
Government Debt to GDP (% of GDP) 44.80 45 45 43 43 43
Government Budget (% of GDP) -6.30 -5.7 -5.7 -4.5 -4.5 -4.5
Military Expenditure (USD Million) 87.80 69.2 75 75 75 75

Taxes Actual Q3 Q4 Q1 Q2 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 (%) 21.00 21 19 21 21 21
Social Security Rate For Companies (%) 19.00 19 18 19 19 19
Social Security Rate For Employees (%) 2.00 2 1 2 2 2


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.