Gross Domestic Product of Madagascar grew 5.7% in 2021 compared to last year. This rate is 125 -tenths of one percent higher than the figure of -6.8% published in 2020.
The GDP figure in 2021 was €12,298$14,555 million, Madagascar is number 133 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Madagascar rose €863$1,504 million with respect to 2020.
The GDP per capita of Madagascar in 2021 was €425$503, €20$41 higher than in 2020, it was €405$462. 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 2011 when the GDP per capita in Madagascar was €398$553.
If we order the countries according to their GDP per capita, Madagascar is in 191 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.