Aperçu 2023
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
At the end of 2016, the banking sector of Madagascar represented a total asset of $ 2.4 billion.
Credit distributed to private sector in 2016 represents $ 1.25 billion.
