Madagascar GDP Annual Growth Rate  1961-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Madagascar expanded 3 percent in 2015 from the previous year. GDP Annual Growth Rate in Madagascar averaged 1.92 percent from 1961 until 2015, reaching an all time high of 9.85 percent in 1979 and a record low of -12.70 percent in 2002.

Madagascar GDP Annual Growth Rate
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Madagascar GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 3.00 3.30 9.85 -12.70 percent [+]
GDP 9.74 10.67 10.67 0.67 USD Billion [+]
GDP per capita 409.92 408.97 754.73 375.14 USD [+]
GDP per capita PPP 1376.26 1373.07 1660.73 1259.48 USD [+]



Madagascar GDP Annual Growth Rate Notes

Madagascar is one of the poorest countries in the world with over 70 percent of population living below the poverty line. Madagascar’s economy depends on agriculture (shrimps, spices, coffee, cacao, cotton, tobacco are the most important products), ecotourism and mining (graphite, chromie). After years of stable growth, the country faced a military coup in 2009. As a result, the economic activity slowed down substantially, tourism revenues dropped and financial aid for the country was halted. Yet, as democracy and order return to Madagascar, tourism and foreign direct investments are recovering and increasing expectations of fast recovery. This page provides - Madagascar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Madagascar GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.30 9.85 -12.70 1961 - 2015 percent Yearly



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