Madagascar GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Madagascar expanded 1.90 percent in 2012 from the previous year. GDP Annual Growth Rate in Madagascar averaged 1.84 Percent from 1961 until 2012, 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.
||1961 - 2012
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.