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Laboratoire de la finance africaine

Madagascar

Aperçu 2024
Annual current GDP growth (%) : 4.18
GDP (USD billions) : 15.402
Population (Thousands) : 28.983 
Economic performance and outlook

After a deep economic recession in Madagascar in 2020, with GDP contracting by 7.1 percent, growth rebounded to 3.3 percent in 2021. Inflation, which had halved since 2018, rebounded to 5.9 percent in 2021. The current account deficit also increased slightly to 5.5 percent of GDP in 2020 from 5.1 percent, partly reflecting higher oil prices.  Madagascar received an SDR allocation of $332 million in September 2021. (Download detailed Analysis Source : Report African Economic Outlook 2022 ; AfDB)

Financial markets

Madagascar does not have a stock market. Foreign direct investment inflows declined between 2019-2021 from $474.3 million to $300.2 million. By 2021, the decline was 16%.