Gross Domestic Product of Madagascar grew 4% in 2023 compared to last year This rate is the same than the previous year.
The GDP figure in 2023 was €14,826$16,032 million, Madagascar is number 136 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Madagascar rose €465$897 million with respect to 2022.
The GDP per capita of Madagascar in 2023 was €513$554, €16$31 higher than in 2022, it was €497$523. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2013 when the GDP per capita in Madagascar was €422$561.
If we order the countries according to their GDP per capita, Madagascar is in 190 th position. According to this parameter, its population is among the poorest of the 196 countries whose GDP we publish.
Here we show you the progression of the GDP in Madagascar. You can see GDP in other countries in GDP and see all the economic information about Madagascar in Madagascar's economy.