Madagascar Current Account to GDP

Madagascar recorded a Current Account deficit of 8.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Madagascar is reported by the Central Bank of Madagascar. Current Account to GDP in Madagascar averaged -7.72 Percent from 1974 until 2012, reaching an all time high of -0.64 Percent in 1977 and a record low of -21.10 Percent in 2009. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Madagascar Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
-8.30 -6.90 -0.64 -21.10 -10.28 | 2014/06 1974 - 2012 Percent Yearly

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Madagascar Current Account to GDP
LIST BY COUNTRY

Trade Last Previous Highest Lowest Forecast Unit
Balance of Trade -361806.00 2013-09-30 -283275.00 -60378.00 -696114.00 -162102.86 2014-06-30 million MGA [+]
Current Account -76.60 2013-06-30 -90.10 36.70 -572.90 18.65 2014-06-30 DTS Million [+]
Current Account to GDP -8.30 2012-12-31 -6.90 -0.64 -21.10 -10.28 2014-06-30 Percent [+]
Exports 122775.00 2013-09-30 230420.00 390623.00 103532.00 286853.11 2014-06-30 million MGA [+]
Imports 484581.00 2013-09-30 513695.00 846162.00 253874.00 506092.54 2014-06-30 million MGA [+]
[+]


Current Account to GDP | Notes
The Current account balance as a percent of GDP provides an indication on the level of international competiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.


RELATED NEWS

Madagascar Car Registrations at 964.00 Cars  
Car Registrations in Madagascar decreased to 964 Cars in December of 2013 from 1323 Cars in November of 2013. Car Registrations in Madagascar is reported by the Institut National de la Statistique de Madagascar.
Madagascar Interest Rate at 9.50 Percent  
The benchmark interest rate in Madagascar was last recorded at 9.50 percent. Interest Rate in Madagascar is reported by the Central Bank of Madagascar.
Madagascar Inflation Rate at 6.10 Percent  
The inflation rate in Madagascar was recorded at 6.10 percent in February of 2014. Inflation Rate in Madagascar is reported by the Institut National de la Statistique de Madagascar.
Madagascar Personal Income Tax Rate at 20.00 percent  
The Personal Income Tax Rate in Madagascar stands at 20 percent. Personal Income Tax Rate in Madagascar is reported by the General Direction of Taxes.
Madagascar Government Debt To GDP at 29.50 Percent  
Madagascar recorded a Government Debt to GDP of 29.50 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Madagascar is reported by the Central Bank of Madagascar.
Madagascar GDP Annual Growth Rate at 1.90 Percent  
The Gross Domestic Product (GDP) in Madagascar expanded 1.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Madagascar is reported by the Institut National de la Statistique de Madagascar.
Madagascar Current Account to GDP at -8.30 Percent  
Madagascar recorded a Current Account deficit of 8.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Madagascar is reported by the Central Bank of Madagascar.
Madagascar Corporate Tax Rate at 20.00 percent  
The Corporate Tax Rate in Madagascar stands at 20 percent. Corporate Tax Rate in Madagascar is reported by the General Direction of Taxes.
Madagascar Sales Tax Rate at 20.00 Percent  
The Sales Tax Rate in Madagascar stands at 20 percent. Sales Tax Rate in Madagascar is reported by the General Direction of Taxes.
Madagascar Balance of Trade at -361806.00 million MGA  
Madagascar recorded a trade deficit of 361806 million MGA in September of 2013. Balance of Trade in Madagascar is reported by the Institut National de la Statistique de Madagascar.
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