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Economy · Sub-Saharan Africa · Low income
Madagascar: the economy in numbers
GDP is $19.6bn (2025), 136th of 211 in the world and 25th of 46 in Sub-Saharan Africa. GDP per capita is $599 (2025), 208th of 211 in the world and 44th of 46 in Sub-Saharan Africa. GDP per capita, PPP is $1,952 (2025), 193rd of 199 in the world and 40th of 46 in Sub-Saharan Africa.
GDP
Madagascar
GDP per capita
MadagascarSub-Saharan AfricaLow incomeWorld
13 indicators
Economy: Madagascar in detail
Latest reported value, world rank and rank within Sub-Saharan Africa; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $19.6bn2025 | 136/211 | 25/46 | $4.6bn | $10.0bn | $13.1bn | +73%since 2015 | $2.2tn | $643bn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $5992025 | 208/211 | 44/46 | $280 | $450 | $451 | +35%since 2015 | $1,673 | $837 | $14,406 | |
| GDP per capita, PPPGDP per capita, PPP (current international $) | $1,9522025 | 193/199 | 40/46 | $1,236 | $1,464 | $1,490 | +30%since 2015 | $5,786 | $2,712 | $25,704 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $5602025 | 199/201 | 45/46 | $280 | $450 | $450 | +19%since 2015 | $1,610 | $811 | $14,244 | |
| GDP growthGDP growth, annual % | 3.0%2025 | 115/210 | 36/46 | 4.5% | 0.6% | -7.1% | −0.1 ppsince 2015 | 4.1% | 5.3% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | 0.6%2025 | 165/210 | 36/46 | 1.2% | -2.3% | -9.5% | +0.1 ppsince 2015 | 1.6% | 2.5% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 21.7%2025 | 31/198 | 22/45 | 30.9% | 29.1% | 24.7% | −4.0 ppsince 2015 | 17.9% | 27.2% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 23.9%2025 | 99/201 | 27/45 | · | 18.0% | 19.5% | +5.0 ppsince 2015 | 25.1% | 28.4% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 13.1%2024 | 63/194 | 9/43 | · | 9.0% | 9.7% | +4.1 ppsince 2014 | 9.6% | 8.5% | 14.9% | |
| Services shareServices, % of GDP | 48.8%2025 | 152/201 | 21/45 | 48.4% | 48.8% | 50.4% | −1.9 ppsince 2015 | 50.2% | 40.5% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 24.1%2025 | 80/175 | 16/43 | 11.9% | 27.0% | 17.7% | +8.2 ppsince 2015 | 23.1% | 20.7% | 26.3% | |
| SavingsGross savings, % of GDP | 16.5%2025 | 115/163 | 22/39 | 8.9% | 16.5% | 8.2% | +3.6 ppsince 2015 | 19.3% | 15.8% | 26.0% | |
| Resource rentsNatural resources rents, % of GDP | 5.5%2021 | 67/209 | 29/46 | 3.3% | 5.8% | 5.7% | −0.4 ppsince 2011 | 10.0% | 13.8% | 3.1% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- GDP+73%$19.6bn in 2025
- GDP per capita+35%$599 in 2025
- GDP per capita, PPP+30%$1,952 in 2025
- GNI per capita+19%$560 in 2025
Worse than ten years ago
- GDP growth−0.1 pp3.0% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Madagascar and its neighbours
Countries sharing a land border with Madagascar. Latest values since 2005; the highest in each row is marked.
| Indicator | Madagascar | France | Mozambique | Comoros | Seychelles |
|---|---|---|---|---|---|
| GDP | $19.6bn2025 | $3.4tn2025 | $22.3bn2025 | $1.8bn2025 | $2.4bn2025 |
| GDP per capita | $5992025 | $48,9862025 | $6272025 | $2,0562025 | $19,4492025 |
| GDP per capita, PPP | $1,9522025 | $63,9752025 | $1,6982025 | $4,2382025 | $35,8542025 |
| GNI per capita | $5602025 | $48,6302025 | $5702025 | $1,9502025 | $19,2002025 |
| GDP growth | 3.0%2025 | 0.8%2025 | -0.5%2025 | 3.8%2025 | 5.8%2025 |
| GDP per capita growth | 0.6%2025 | 0.6%2025 | -3.3%2025 | 1.8%2025 | 4.6%2025 |
| Agriculture share | 21.7%2025 | 1.4%2025 | 25.6%2025 | 36.6%2025 | 2.6%2025 |
| Industry share | 23.9%2025 | 16.8%2025 | 22.1%2025 | 9.9%2025 | 14.3%2025 |
| Manufacturing share | 13.1%2024 | 9.5%2025 | 6.2%2025 | 7.2%2025 | 5.4%2025 |