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.

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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

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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