Living Wage Family in Madagascar remained unchanged at 672000 MGA/Month in 2018 from 672000 MGA/Month in 2018.

Living Wage Family in Madagascar is expected to reach 593900.00 MGA/Month by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Madagascar Living Wage Family is projected to trend around 599900.00 MGA/Month in 2021, according to our econometric models.

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Madagascar Living Wage Family

Actual Previous Highest Lowest Dates Unit Frequency
672000.00 672000.00 672000.00 672000.00 2018 - 2018 MGA/Month yearly

Madagascar Labour Last Previous Highest Lowest Unit
Unemployment Rate 1.60 1.70 5.80 0.60 percent [+]
Population 26.87 26.26 26.87 5.10 Million [+]

Madagascar Living Wage Family
WageIndicator Living Wage computations are based on the cost of living for a predefined food basket derived from the FAO database distinguishing 50 food groups with national food consumption patterns in per capita units, for housing and for transportation, with a margin for unexpected expenses. The data about prices of these items is collected through an online survey. Living Wage for a typical family refers to the family composition most common in the country at stake, calculated on the respective fertility rates.