Madagascar

Madagascar Economic Outlook

  • The still-sluggish economy grew slightly faster (2.6%) in 2013 (1.9% in 2012) thanks mostly to mining and should speed up in 2014 (3.7%) and 2015 (5.4%) as the political situation normalises.
  • Madagascar took another step towards recovery from its five-year political crisis by holding presidential and parliamentary elections in the last quarter of 2013, opening the way to renewed international acceptance and revival of economic and social development.
  • The country’s participation in global value chains is still small despite its many assets, such as tourism, a free zone for textile factories, ICT-related services and natural resources (agriculture and mining).

Contacts

Bureau National de Madagascar

Groupe de la Banque africaine de développement
Rue Ravoninahitriniarivo
Tour Zital – 8ème Etage - Ankorondrano
BP 1718 Analakely
Antananarivo 101, Madagascar

Tél : (261) 2022 643 61, 202264189  Ext. 6000-6029
Fax : (261) 2022 642 32

M. Abdelkrim Bendjebbour,  Représentant Résident

Department Central Africa Region

Mrs. Marlene KANGA, Director Central Africa Region

African Development Bank Group 
Temporary Relocation Agency (TRA)
15 Avenue du Ghana
P.O.Box 323-1002, Tunis-Belvédère, Tunisia

Phone: (+216) 71102833 / 71102060
Fax: (+216) 71103760


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Key Facts

Flag:
Capital: Antananarive
Area: 587,041 sq km
Total Population 2013: 22.9 Million
Urban Population 2013: 33.84%
Female Population 2013: 50.16%
GDP: US$ 10.4 Billion
GNI Per Capita 2013: US$ 430
Inflation Rate: 6.93%
Crude Birth Rate (per 1000): 34.67%
Human Development Index (rank / 187): 151
Human Development Index (scale 0 to 1): 0.483
Membership Date: 03/05/1976
Cumulative Approvals (1967-2013): UA 882.0 Million

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