Markets Actual Q2 Q3 Q4 Q1 2023
Currency 3988.84 4008 4027 4045 4064 4101

Overview Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) -4.00 5.4 5.4 5.4 5.1 5.1
Unemployment Rate (%) 2.60 2.6 2.6 2.6 2.5 2.5
Inflation Rate (%) 6.34 6 5.7 5.3 4 3.7
Interest Rate (%) 9.50 10 10 10 10 9.5
Balance of Trade (million MGA) -521636.00 -830000 -660000 -710000 -570000 -740000
Current Account (MGA Million) -94.10 -150 -230 -170 -170 -170
Current Account to GDP (% of GDP) -3.50 -2.5 -2.5 -2.5 -2.5 -2.5
Government Debt to GDP (% of GDP) 44.80 43 43 43 43 43
Government Budget (% of GDP) -6.30 -4.5 -4.5 -4.5 -4.5 -4.5
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20

GDP Actual Q2 Q3 Q4 Q1 2023
GDP Annual Growth Rate (%) -4.00 5.4 5.4 5.4 5.1 5.1
GDP (USD Billion) 13.72 14.5 14.5 14.5 14.5 15.3
GDP per capita (USD) 456.17 475 475 475 475 475
GDP per capita PPP (USD) 1510.14 1560 1560 1645 1645 1645

Labour Actual Q2 Q3 Q4 Q1 2023
Unemployment Rate (%) 2.60 2.6 2.6 2.6 2.5 2.5
Population (Million) 27.69 28.33 28.33 29.02 29.02 29.02

Prices Actual Q2 Q3 Q4 Q1 2023
Inflation Rate (%) 6.34 6 5.7 5.3 4 3.7
Food Inflation (%) 7.80 8 7.3 6 5 4
Inflation Rate Mom (%) 0.70 1 0.7 0.4 0.2 0.3
Consumer Price Index CPI (points) 142.60 146 147 148 148 154
CPI Transportation (points) 126.40 128 129 129 129 130

Money Actual Q2 Q3 Q4 Q1 2023
Interest Rate (%) 9.50 10 10 10 10 9.5
Deposit Interest Rate (%) 13.75 14.25 14.25 14.25 14.25 13.75

Trade Actual Q2 Q3 Q4 Q1 2023
Balance of Trade (million MGA) -521636.00 -830000 -660000 -710000 -570000 -740000
Current Account (MGA Million) -94.10 -150 -230 -170 -170 -170
Current Account to GDP (% of GDP) -3.50 -2.5 -2.5 -2.5 -2.5 -2.5
Exports (million MGA) 850003.00 680000 720000 740000 710000 760000
Imports (million MGA) 1371639.00 1510000 1380000 1450000 1280000 1500000
Tourist Arrivals 4718.00 1080 2300 3000 1800 4000

Government Actual Q2 Q3 Q4 Q1 2023
Government Debt to GDP (% of GDP) 44.80 43 43 43 43 43
Government Budget (% of GDP) -6.30 -4.5 -4.5 -4.5 -4.5 -4.5
Military Expenditure (USD Million) 87.80 75 75 75 75 75

Taxes Actual Q2 Q3 Q4 Q1 2023
Corporate Tax Rate (%) 20.00 20 20 20 20 20
Personal Income Tax Rate (%) 20.00 20 20 20 20 20
Sales Tax Rate (%) 20.00 20 20 20 20 20
Social Security Rate (%) 21.00 19 19 21 21 21
Social Security Rate For Companies (%) 19.00 18 18 19 19 19
Social Security Rate For Employees (%) 2.00 1 1 2 2 2

Business Actual Q2 Q3 Q4 Q1 2023
Car Registrations 1577.00 1180 1215 1230 1100 1300
Electricity Production (Gigawatt-hour) 165.37 158 162 160 164 165


Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Madagascar Forecast - was last updated on Saturday, May 28, 2022.