What is the GDP of Madagascar?

19.5 bn$ in 2025 (IMF, current dollars): no. 30 of 53 African economies.

What is the economic growth of Madagascar?

Real GDP growth of +3.1 % in 2025 (IMF estimate). The IMF projects +3.8 % for 2026.

What GDP does the IMF project for Madagascar in 2030?

30.4 bn$ in 2030 according to the IMF projections, against 19.5 bn$ in 2025: real growth of 4.5 % a year on average.

Is Madagascar a rich country?

GDP per capita of 619 $ in 2025, far below the African median (1,768 $): no. 51 of 53 in Africa per person (IMF).

How many people live in Madagascar?

31.4 M inhabitants in 2025 (IMF): no. 16 in Africa by population.

What is the inflation rate in Madagascar?

8.0 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 8.4 %.

Is Madagascar highly indebted?

Public debt of 47.7 % of GDP in 2025, against a median of 53.2 % in Africa: no. 35 of 52 from the most indebted (IMF).

Is Madagascar in default?

No. Its rating is B− (S&P B−). Risk of debt distress: moderate (IMF-World Bank, 21 Mar 2025).

What is the credit rating of Madagascar?

S&P B−: weak rating, no. 23 of the 34 African countries rated.

What does Madagascar export?

In 2024, mostly: Coffee, tea, spices (16.2 %), Nickel (13.7 %), Woven clothing (12.9 %). First client: United States (CEPII, BACI).

Which economic communities is Madagascar part of?

SADC (Southern African Development Community).

What share of the population of Madagascar has electricity?

42.5 % of the population in 2024 (World Bank).

Questions

Questions on the economy of Madagascar

What is the GDP of Madagascar?

19.5 bn$ in 2025 (IMF, current dollars): no. 30 of 53 African economies.
Details and sources →
What is the economic growth of Madagascar?

Real GDP growth of +3.1 % in 2025 (IMF estimate). The IMF projects +3.8 % for 2026.
Details and sources →
What GDP does the IMF project for Madagascar in 2030?

30.4 bn$ in 2030 according to the IMF projections, against 19.5 bn$ in 2025: real growth of 4.5 % a year on average.
Details and sources →
Is Madagascar a rich country?

GDP per capita of 619 $ in 2025, far below the African median (1,768 $): no. 51 of 53 in Africa per person (IMF).
Details and sources →
How many people live in Madagascar?

31.4 M inhabitants in 2025 (IMF): no. 16 in Africa by population.
Details and sources →
What is the inflation rate in Madagascar?

8.0 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 8.4 %.
Details and sources →
Is Madagascar highly indebted?

Public debt of 47.7 % of GDP in 2025, against a median of 53.2 % in Africa: no. 35 of 52 from the most indebted (IMF).
Details and sources →
Is Madagascar in default?

No. Its rating is B− (S&P B−). Risk of debt distress: moderate (IMF-World Bank, 21 Mar 2025).
Details and sources →
What is the credit rating of Madagascar?

S&P B−: weak rating, no. 23 of the 34 African countries rated.
Details and sources →
What is the currency of Madagascar?

Its currency: ariary (MGA).
Details and sources →
What does Madagascar export?

In 2024, mostly: Coffee, tea, spices (16.2 %), Nickel (13.7 %), Woven clothing (12.9 %). First client: United States (CEPII, BACI).
Details and sources →
Which economic communities is Madagascar part of?

SADC (Southern African Development Community).
Details and sources →
What share of the population of Madagascar has electricity?

42.5 % of the population in 2024 (World Bank).
Details and sources →

Answers written from the latest figures of the IMF, the World Bank, CEPII, the rating agencies and the IMF-World Bank debt analyses. Method and sources