Labor force | 15.83 million (2023 est.) |
---|---|
Industrial production growth rate | -33.28% (2023 est.) |
Industries | meat processing, seafood, soap, beer, leather, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism, mining |
Population below poverty line | |
Taxes and other revenues | 9.25% (of GDP) (2022 est.) |
Fiscal year | |
Exchange rates | |
Currency | Malagasy ariary (MGA) per US dollar - |
Exchange rates 2023 | 4,429.579 (2023 est.) |
Exchange rates 2022 | 4,096.116 (2022 est.) |
Exchange rates 2021 | 3,829.978 (2021 est.) |
Exchange rates 2020 | 3,787.754 (2020 est.) |
Exchange rates 2019 | 3,618.322 (2019 est.) |
Debt - external | |
Debt - external 2022 | $2.972 billion (2022 est.) |
Reserves of foreign exchange and gold | |
Reserves of foreign exchange and gold 2023 | $2.632 billion (2023 est.) |
Reserves of foreign exchange and gold 2022 | $2.16 billion (2022 est.) |
Reserves of foreign exchange and gold 2021 | $2.335 billion (2021 est.) |
Current account balance | |
Current account balance 2022 | -$829.376 million (2022 est.) |
Current account balance 2021 | -$721.953 million (2021 est.) |
Current account balance 2020 | -$623.653 million (2020 est.) |
Public debt | |
Public debt 2017 | 36% of GDP (2017 est.) |
Budget | |
Revenues | $1.756 billion (2022 est.) |
Expenditures | $1.523 billion (2022 est.) |
Budget surplus (+) or deficit (-) | |
Remittances | |
Remittances 2023 | 2.37% of GDP (2023 est.) |
Remittances 2022 | 2.52% of GDP (2022 est.) |
Remittances 2021 | 3.02% of GDP (2021 est.) |
Imports | |
Imports 2022 | $6.041 billion (2022 est.) |
Imports 2021 | $4.769 billion (2021 est.) |
Imports 2020 | $3.718 billion (2020 est.) |
Imports (partners) | China 24%, India 10%, France 9%, Oman 6%, South Africa 6% (2022) |
Comodities Imports force | refined petroleum, rice, fabric, palm oil, cotton fabric (2022) |
Exports | |
Imports 2022 | $6.041 billion (2022 est.) |
Imports 2021 | $4.769 billion (2021 est.) |
Imports 2020 | $3.718 billion (2020 est.) |
Exports (partners) | US 18%, France 15%, China 13%, Japan 11%, Germany 4% (2022) |
Comodities Exports force | nickel, garments, vanilla, cloves, cobalt (2022) |
Real GDP (purchasing power parity) | |
Real GDP (purchasing power parity) 2023 | $51.255 billion (2023 est.) |
Real GDP (purchasing power parity) 2022 | $49.291 billion (2022 est.) |
Real GDP (purchasing power parity) 2021 | $47.488 billion (2021 est.) |
GDP (official exchange rate) | $16.032 billion (2023 est.) |
Real GDP Per capita | |
Real GDP per capita 2023 | $1,700 (2023 est.) |
Real GDP per capita 2022 | $1,700 (2022 est.) |
Real GDP per capita 2021 | $1,600 (2021 est.) |
GDP - composition, by sector of origin | |
Agriculture | 21.1% (2023 est.) |
Industry | 14.9% (2023 est.) |
Services | 54.9% (2023 est.) |
GDP - composition, by end use | |
Household consumption | 66.5% (2023 est.) |
Government consumption | 18.7% (2023 est.) |
Investment in fixed capital | 20.3% (2023 est.) |
Investment in inventories | 1% (2023 est.) |
Exports of goods and services | 32.5% (2023 est.) |
Imports of goods and services | -39.1% (2023 est.) |
Unemployment rate | |
Unemployment rate 2023 | 3.06% (2023 est.) |
Unemployment rate 2022 | 3.19% (2022 est.) |
Unemployment rate 2021 | 3.42% (2021 est.) |
Youth unemployment rate (ages 15-24) | |
Total | 5.5% (2023 est.) |
Male | 5.4% (2023 est.) |
Female | 5.6% (2023 est.) |
Want to know more about Madagascar? Check all different factbooks for Madagascar below.