Madagascar GDP Annual Growth Rate 1961-2014 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Madagascar expanded 2.60 percent in 2013 from the previous year. GDP Annual Growth Rate in Madagascar averaged 1.86 Percent from 1961 until 2013, reaching an all time high of 9.85 Percent in 1979 and a record low of -12.70 Percent in 2002. GDP Annual Growth Rate in Madagascar is reported by the Institut National de la Statistique de Madagascar.


Madagascar GDP Annual Growth Rate

Actual Previous Highest Lowest Dates Unit Frequency
2.60 1.90 9.85 -12.70 1961 - 2013 Percent Yearly
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. Content for - Madagascar GDP Annual Growth Rate - was last refreshed on Saturday, November 1, 2014.

Madagascar GDP Last Previous Highest Lowest Unit
GDP 10.80 9.88 10.80 0.67 USD Billion [+]
GDP Annual Growth Rate 2.60 1.90 9.85 -12.70 Percent [+]
GDP per capita 265.25 267.15 501.09 249.07 USD [+]
GDP per capita PPP 1350.24 1359.94 1671.80 1267.88 USD [+]