Madagascar: growth of 3.1 % in 2025, real GDP +22.1 % since 2020 (IMF). GDP of 19.5 bn$, no. 30 in Africa.
Source: IMF, World Economic Outlook (October 2026) · updated on
Economy
+22.1 %
real GDP, 2020 → 2025 (IMF)
- Growth 2025
- +3.1 %
- GDP 2025
- 19.5 bn$
Finances and debt
47.7 %
public debt, % of GDP, 2025 (IMF)
- Fiscal balance
- −2.1 %
- Risk of debt distress
- Moderate
- Owed to China
- 5.6 %
Trade
16.2 %
of exports: Coffee, tea, spices, 2024 (CEPII)
- Exports
- 3.5 bn$
- First client
- United States · 18.0 %
Society
42.5 %
Access to electricity · 2024 (World Bank)
- Poverty · 2021
- 69.2 %
- Adults with an account · 2024
- 24.4 %
Markets and rating
B−
Weak rating
IMF, World Economic Outlook (October 2026) · World Bank (CC BY 4.0) · CEPII, BACI · IMF debt sustainability analyses · rating agencies
Questions
How much has the economy of Madagascar grown since 2020?
Madagascar: growth of 3.1 % in 2025, real GDP +22.1 % since 2020 (IMF). GDP of 19.5 bn$, no. 30 in Africa.
What is the GDP per capita of Madagascar?
619 $ in 2025 at market exchange rates, 2,035 $ in purchasing power parity (IMF).
What is the inflation rate in Madagascar?
8.0 % in 2025, average annual change in consumer prices (IMF).
What is the public debt of Madagascar?
47.7 % of GDP in 2025, gross debt of the general government (IMF).
Where does Madagascar rank in Africa?
Economy no. 30 of 53 in Africa by GDP in current dollars in 2025 (IMF).
What is the credit rating of Madagascar?
S&P B−: weak rating, highly speculative (b), 6 notches below investment grade, no. 23 of 34 in Africa.
Is Madagascar business friendly?
Madagascar: a business climate harder than in most African countries. Above the African median on 0 indicators out of 5. B-READY: 47.9/100, no. 21 of 29 African economies covered.
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Syli Atlas, « Madagascar », https://syliatlas.com/en/countries/madagascar. Data: IMF, World Economic Outlook (October 2026).