Gross Domestic Product of Madagascar fell -6.8% in 2020 compared to last year. This rate is 114 -tenths of one percent less than the previous year, when changed 4.6%.
The GDP figure in 2020 was €11,435$13,051 million, Madagascar is number 133 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Madagascar dropped €1,163$1,054 million with respect to 2019.
The GDP per capita of Madagascar in 2020 was €405$462, €53$50 less than in 2019, when it was €458$512. 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 2010 when the GDP per capita in Madagascar was €371$493.
If we order the countries according to their GDP per capita, Madagascar is in 193 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.