The 2019 Annual Meetings of the African Development Bank Group will be held from 11-14 June 2019, in Malabo, Republic of Equatorial Guinea. Find out more

Madagascar

Madagascar Economic Outlook

Real GDP growth reached an estimated 5.0% in 2018, up from 4.2% in 2017. The agricultural sector expanded by 4.5% in 2018 (down from 6.6% in 2017). The industrial sector expanded by 6.7%, driven mainly by textiles and the manufacture of essential oils. Despite the plague epidemic in early 2018, the service sector expanded by 5.4%. Growth in aggregate demand in 2018 was driven largely by public and private investments in infrastructure (roads, airports, energy, and the port of Toamasina). External demand for textiles, vanilla, and essential oils also contributed to growth.

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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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Activity



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. Mohamed Cherif ,  Country Manager

Southern Africa Regional Development and Business Delivery Office

African Development Bank Group
339 Witch-Hazel Avenue
Highveld Ext. 78
Centurion, South Africa

Tel: +27 12 003 6900

Mr Kapil Kapoor, Director General

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