
Madagascar
Madagascar Economic Outlook
Since the end of the 2009–13 political crisis, Madagascar has experienced a slow economic recovery that is vulnerable to macroeconomic shocks, such as drops in nickel and cobalt prices, and climatic disasters, such as drought, hurricanes, and floods. Due to the slow rate of agricultural modernization, the primary sector regularly suffers from the adverse effects of climate change. In 2014–16, the economy grew a relatively modest 3.5% a year. Since then, economic performance has been encouraging, with real GDP growth of 4.2% in 2016 and 2017. Driven by the secondary and tertiary sectors, real GDP growth is projected to be 5.2% in 2018 and 6% in 2019.
Key Facts
Flag: | ![]() |
Capital: | Antananarive |
Area: | 587,041 sq km |
Total Population 2017: | 25.6 Million |
Urban Population 2017: | 73.50% |
Female Population 2017: | 49.70% |
GDP: | US$ 10.3 Billion |
GNI Per Capita 2015: | US$ 420 |
Inflation Rate: | 7.04% |
Crude Birth Rate (per 1000): | 33.70% |
Human Development Index (rank / 188): | 158 |
Human Development Index (scale 0 to 1): | 0.512 |
Membership Date: | 03/05/1976 |
Cumulative Approvals (1967-2016): | UA 1.0 Billion |
Activity
28/11/2016 - ADF-14 : Improving their future in Senegal and...
13/02/2013 - Abdelkerim Bendjebbour, Resident-Representative...
27/09/2012 - Madagascar: Regional Training Workshop on...
Project Portfolio
Reference | Project | Status |
---|---|---|
P-MG-K00-011 | PROGRAMME D'APPUI À LA COMPETITIVITE ECONOMIQUE Categories: Madagascar, Economic & Financial Governance | ApprovedAPVD |
P-MG-F00-002 | PROGRAMME D’APPUI AUX REFORMES DU SECTEUR DE L’ENERGIE (PARSE) Categories: Madagascar, Energy & Power | ApprovedAPVD |
News
- 10/04/2018 - African Development Bank is key to Africa’s economic development, say Southern African Governors
- 29/11/2017 - Madagascar : la BAD va décaisser 45 millions de dollars pour appuyer les réformes économiques
- 23/11/2017 - Madagascar : la BAD approuve le Document de stratégie pays 2017-2021 en vue d’une transformation structurelle accélérée et d’une économie inclusive
Resources
Contacts
Madagascar Country Office
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
Mr Cherif Mohamed, Country Manager
Department Central Africa Region
Mr. Ousmane Dore, Director Central Africa Region
African Development Bank Group
Rue Anoma 01 BP 1387 Abidjan 01 (Cote d'Ivoire)
Tel +225 20 26 22 51