Madagascar Forecast | Trading Economics

Markets	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Currency	4475.00	4503	4526	4550	4575

Overview	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Currency	4475.00	4503	4526	4550	4575
Inflation Rate (%)	8.10	6.5	5.8	5.8	4.6
Food Inflation (%)	9.30	6.8	5	4.5	5
CPI Transportation (points)	169.70	167	168	168
Consumer Price Index CPI (points)	188.80	189	190	198	197
Interest Rate (%)	12.00	12	12	10	10
GDP Annual Growth Rate (%)	4.30		4
GDP (USD Billion)	17.42		18.12
GDP per Capita (USD)	453.38		472
GDP per Capita PPP (USD)	1657.05		1723
Unemployment Rate (%)	3.00		3
Population (Million)	31.96		32.3
Current Account to GDP (% of GDP)	-4.50		-4.8
Government Debt to GDP (% of GDP)	38.80		39.2
Government Budget (% of GDP)	-3.80		-4.1

Prices	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Inflation Rate (%)	8.10	6.5	5.8	5.8	4.6
Food Inflation (%)	9.30	6.8	5	4.5	5
CPI Transportation (points)	169.70	167	168	168
Consumer Price Index CPI (points)	188.80	189	190	198	197

Money	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Interest Rate (%)	12.00	12	12	10	10

GDP	Actual	Q3/25	Q4/25	Q1/26	Q2/26
GDP Annual Growth Rate (%)	4.30		4
GDP (USD Billion)	17.42		18.12
GDP per Capita (USD)	453.38		472
GDP per Capita PPP (USD)	1657.05		1723

Labour	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Unemployment Rate (%)	3.00		3
Population (Million)	31.96		32.3

Trade	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Current Account to GDP (% of GDP)	-4.50		-4.8

Government	Actual	Q3/25	Q4/25	Q1/26	Q2/26
Government Debt to GDP (% of GDP)	38.80		39.2
Government Budget (% of GDP)	-3.80		-4.1

Trading Economics provides data for 20 million economic indicators from 196 countries including actual values, consensus figures, forecasts, historical time series and news. Madagascar Forecast - was last updated on Sunday, September 7, 2025.