Economy of Madagascar

Imports

Imports commoditiescapital goods, petroleum, consumer goods, food

Import partnersChina 17.7%, France 12.4%, South Africa 5.3%, India 5.1%, Mauritius 5%, Bahrain 4.7%, Kuwait 4.6% (2012)

Exports

Exports commoditiescoffee, vanilla, shellfish, sugar, cotton cloth, clothing, chromite, petroleum products

Export partnersFrance 23.4%, China 6.6%, US 6.6%, Singapore 5.9%, Canada 5.5%, Germany 5.4%, Indonesia 5.3%, India 5.2%, South Africa 4.5% (2012)

Economy sectors

Agriculture productscoffee, vanilla, sugarcane, cloves, cocoa, rice, cassava (tapioca), beans, bananas, peanuts; livestock products

Industrial productsmeat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism

Economy

Unemployment3.60 % (2012)3.60 % (2011)3.60 % (2010)

GDP - Official Exchange Rate10.5 Billion $ (2013)9.98 Billion $ (2012)9.85 Billion $ (2011)

GDP - Official Exchange Rate of Madagascar

GDP growth rate2.60 % (2013)1.90 % (2012)1.80 % (2011)

GDP per Capita (PPP)1,000 $ (2013)900 $ (2012)1,000 $ (2011)

GDP - Purchasing Power Parity22.0 Billion $ (2013)21.2 Billion $ (2012)21.0 Billion $ (2011)

GDP - Purchasing Power Parity of Madagascar

GDP PPP per land area37,527 $ per square kilometer (2013)36,079 $ per square kilometer (2012)35,722 $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity430 Thousand kW

Banking

Central bank discount rate5.00 % (2010)0.00 % (2009)

Commercial bank prime lending rate44.0 % (2013)56.3 % (2012)52.5 % (2011)

Commercial bank prime lending rate of Madagascar

GDP decomposition by sector

Agriculture % of GDP27.3 % (2013)27.8 % (2012)

Industry % of GDP16.4 % (2013)16.2 % (2012)

Services % of GDP56.3 % (2013)56.0 % (2012)

Tourism

International tourism, number of arrivals256 Thousand (2012)225 Thousand (2011)196 Thousand (2010)

International tourism, number of departures39,000 (1995)

Yearly Tourist arrivals to residents ratio1.16 % (2012)1.03 % (2011)0.93 % (2010)

Yearly Tourist arrivals to residents ratio of Madagascar

Debt, Current Account Balance and Budget Deficit

Budget surplus (+) or deficit (-)-1.70 % of GDP

Current Account Balance (Percentage of GDP)-11.00 % of GDP (2005)

External Debt Stocks (Percentage of GNI)29.9 % of GNI (2012)28.5 % of GNI (2011)30.8 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Madagascar

Short-term debt (percentage of total external debt)16.0 % of total external debt (2012)15.5 % of total external debt (2011)15.7 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Madagascar

Current Account Balance (Total)-1.95 Billion $ (2013)-1.99 Billion $ (2012)-2.53 Billion $ (2011)

Current Account Balance (Total) of Madagascar

External Debt (Total)3.36 Billion $ (2013)3.12 Billion $ (2012)2.36 Billion $ (2011)

External Debt (Percentage of GDP)31.9 % of GDP (2013)31.2 % of GDP (2012)24.0 % of GDP (2011)

External Debt (Percentage of GDP) of Madagascar

External Debt per Capita149 $ (2013)142 $ (2012)108 $ (2011)