Markets Actual Q4 Q1 Q2 Q3 2022
Currency 3960.50 4011 4051 4092 4133 4216

Overview Actual Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -4.00 3 4.6 4.6 4.6 4.6
Unemployment Rate (%) 1.90 1.9 1.8 1.8 1.8 1.8
Inflation Rate (%) 6.29 7 5.6 5 4.5 4.3
Interest Rate (%) 9.50 9.5 10 10 10 10
Balance of Trade (million MGA) -321972.00 -317269 -317275 -317278 -317278 -317269
Current Account (DTS Million) -169.50 -120 -50 -150 -230 -170
Current Account to GDP (% of GDP) -3.50 -3 -2.5 -2.5 -2.5 -2.5
Government Debt to GDP (% of GDP) 44.80 45 43 43 43 43
Government Budget (% of GDP) -6.30 -5.7 -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 Q4 Q1 Q2 Q3 2022
GDP Annual Growth Rate (%) -4.00 3 4.6 4.6 4.6 4.6
GDP (USD Billion) 13.72 14 14.5 14.5 14.5 14.5
GDP per capita (USD) 456.17 465 475 475 475 475
GDP per capita PPP (USD) 1510.14 1560 1560 1560 1560 1645

Labour Actual Q4 Q1 Q2 Q3 2022
Unemployment Rate (%) 1.90 1.9 1.8 1.8 1.8 1.8
Population (Million) 27.69 28.33 28.33 28.33 28.33 29.02

Prices Actual Q4 Q1 Q2 Q3 2022
Inflation Rate (%) 6.29 7 5.6 5 4.5 4.3
Food Inflation (%) 8.00 8 7.4 6.3 4.7 4.5
Inflation Rate Mom (%) 0.36 0.5 0.4 0.2 0.3 0.4
Consumer Price Index CPI (points) 139.00 600 143 144 145 148
CPI Transportation (points) 124.90 490 126 126 127 127

Money Actual Q4 Q1 Q2 Q3 2022
Interest Rate (%) 9.50 9.5 10 10 10 10
Deposit Interest Rate (%) 13.75 11.5 11.5 14.25 14.25 14.25

Trade Actual Q4 Q1 Q2 Q3 2022
Balance of Trade (million MGA) -321972.00 -317269 -317275 -317278 -317278 -317269
Current Account (DTS Million) -169.50 -120 -50 -150 -230 -170
Current Account to GDP (% of GDP) -3.50 -3 -2.5 -2.5 -2.5 -2.5
Tourist Arrivals 559.00 22500 22500 22500 22500 26000

Government Actual Q4 Q1 Q2 Q3 2022
Government Debt to GDP (% of GDP) 44.80 45 43 43 43 43
Government Budget (% of GDP) -6.30 -5.7 -4.5 -4.5 -4.5 -4.5
Military Expenditure (USD Million) 87.80 75 75 75 75 75

Taxes Actual Q4 Q1 Q2 Q3 2022
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


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 Thursday, December 2, 2021.