Sub-Saharan Africa
🇲🇬 Madagascar
Real-time economic and demographic statistics for Madagascar
GDP
#144
of 214
Population
#49
of 217
GDP per Capita
#212
of 214
GDP Growth
#151
of 214
Share of World
0.02%
of world GDP
Income Level
Low income
Madagascar GDP (2015–2024)
+4.20%annual growth
Chart data: 2015: 11,323,020,701.302 USD, 2016: 11,848,613,858.442 USD, 2017: 13,176,313,593.551 USD, 2018: 13,760,033,282.293 USD, 2019: 14,104,664,678.506 USD, 2020: 13,051,441,203.947 USD, 2021: 14,354,731,964.331 USD, 2022: 15,325,603,272.607 USD, 2023: 15,869,945,477.855 USD, 2024: 17,420,814,800.705 USD
Demographics
32.0M
Population
+2.47%annual growth
Labor Market
3.01%
Unemployment Rate
-0.06ppannual change
Verified: Nov 2025
Economics
+9.87%
Inflation Rate
+1.71ppannual change
Frequently Asked Questions
- What is Madagascar's GDP?
- Madagascar's GDP is approximately $17.4 billion (2024, representing 0.0% of world GDP), making it the #144 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Madagascar's population?
- Madagascar has a population of approximately 32.0M — the #49 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Madagascar's GDP per capita?
- Madagascar's GDP per capita is approximately $545, ranking #212 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Madagascar's economy growing?
- Madagascar's economy is currently growing at approximately 4.2% per year, ranking #151 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Madagascar in?
- Madagascar is located in the Sub-Saharan Africa region and is classified as a low income economy by the World Bank. This classification is based on gross national income (GNI) per capita.