Madagascar - Economic Forecasts - 2018-2020 Outlook

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.


MARKETS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Currency 3400.00
3370 3431 3493 3556 3821
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 4.20
percent
2.27 2.5 3.5 2.45 5.59
GDP 11.50
USD Billion
11.9 11.9 12.8 12.8 13.2
GDP per capita 421.89
USD
415 420 414 414 417
GDP per capita PPP 1416.44
USD
1408 1411 1392 1392 1399
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 1.80
percent
2 2 2 2 2.5
Population 25.60
Million
25.4 25.57 25.57 25.56 25.51
Wages High Skilled 815000.00
MGA/Month
820000 820000 820000 795481 830000
Wages Low Skilled 375500.00
MGA/Month
376500 376500 376500 292624 380000
Living Wage Family 573900.00
MGA/Month
573900 573900 593900 573900 593900
Living Wage Individual 287200.00
MGA/Month
287200 287200 287200 287200 287200
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 7.60
percent
7 6.6 6.3 6 9.5
Food Inflation 9.70
percent
9.5 9 8.6 8.3 9
Inflation Rate Mom 0.50
percent
0.68 0.64 0.61 0.63 0.63
Consumer Price Index Cpi 452.10
Index Points
461 474 481 479 550
Cpi Housing Utilities 568.40
Index Points
588 596 605 613 697
CPI Transportation 372.90
Index Points
392 395 396 395 458
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 9.50
percent
9.5 9.5 9 9 6.5
Money Supply M3 10843.90
MGA Billion
11044 11325 11604 11881 14517
Deposit Interest Rate 15.00
percent
15 15 14.5 14.5 12
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -192560.00
million MGA
-203063 -202236 -202146 -202013 -201946
Exports 720694.00
million MGA
779636 779246 779233 779223 779221
Imports 913254.00
million MGA
982699 981765 981379 981236 981168
Current Account 44.20
DTS Million
64 64 -19.13 -42.36 66
Current Account to GDP -4.10
percent
-3.5 -3.5 -2.8 -2.8 -2.5
Terrorism Index 3.29
2.7 3 3.01 3.03 3.05
Tourist Arrivals 9728.00
20300 20200 20100 20000 20000
Foreign Direct Investment 1251.50
MGA Billion
1742 1644 1698 1752 2119
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 41.90
percent
35 35 40 40 41
Government Budget -2.90
percent of GDP
-2.88 -2.88 -2.85 -2.82 -2.75
Military Expenditure 61.00
USD Million
59.32 58.49 58.84 59.18 60.06
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Car Registrations 1029.00
1399 1401 1402 1402 1402
Internet Speed 3319.52
KBps
3155 3170 3164 3153 3155
IP Addresses 34386.00
IP
38496 39220 39905 40603 47803
Competitiveness Index 3.40
Points
3.4 3.4 3.41 3.41 3.36
Competitiveness Rank 121.00
128 128 121 119 117
Corruption Index 24.00
Points
24 23 23 23 24
Corruption Rank 155.00
147 148 150 152 167
Ease of Doing Business 162.00
155 153 151 150 139
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 20.00
percent
20 20 20 20 20
Personal Income Tax Rate 20.00
percent
20 20 20 20 20
Sales Tax Rate 20.00
percent
20 20 20 20 20
Social Security Rate 19.00
percent
19 19 19 19 19
Social Security Rate For Companies 18.00
percent
18 18 18 18 18
Social Security Rate For Employees 1.00
percent
1 1 1 1 1
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Temperature 20.40
celsius
20.32 24.23 24.96 23.55 23.3