Nominal GDP
$19.62B
current US$ · 2025
World Bank
🇲🇬
Economy Snapshot
Madagascar Economy and Trade
AntananarivoLocal time
GDP $19.62B · real growth 3.0% · latest verified annual data
Madagascar records $19.62B of nominal GDP in the 2025 observation used here, while real GDP growth is 3.0% in 2025. The supporting indicators include $599 GDP per capita for 2025 and 8.1% CPI inflation for 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$599
current US$ · 2025
Source listed below
Real GDP growth
3.0%
annual % · 2025
Source listed below
Inflation
8.1%
CPI annual % · 2025
Source listed below
Madagascar at a Glance
Each measure keeps its actual reference year and definition.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $11.32B2016: $11.85B2017: $13.18B2018: $13.76B2019: $14.10B2020: $13.05B2021: $14.35B2022: $15.34B2023: $16.04B2024: $17.59B2025: $19.62B
GDP per capita$599
Real growth3.0%
GDP year2025
2025 Inflation
8.1%
CPI annual %
2025 Unemployment
3.0%
labor-market measure
2025 GDP per capita
$599
current US$
Macro signals and Merchandise trade
Available measures are shown with their reported reference periods.
Macro signals
World Bank annual observations
Real growth20253.0%
Unemployment20253.0%
Inflation20258.1%
Merchandise trade
WTO profile · 2024 · USD
Exports$2.56B
Imports$4.80B
Balance-$2.25B
Largest highlighted export destination
European Union31.5%
Understand the numbers
What Madagascar's economic profile is telling you
Madagascar grew by 3.0 percent in 2025 while inflation remained elevated at 8.1 percent. Matched 2024 WTO merchandise data show imports well above exports, with the European Union the largest export destination.
Reading the macro data
Nominal GDP measures current-dollar size. Real growth, inflation and unemployment describe different economic conditions and can have different reference years.
Reading the trade data
Merchandise trade covers goods. A balance appears only when exports and imports have a verified matching year and currency basis.
Detailed Economic Data
| Indicator | Madagascar | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$ | $19.62B | 2025 | Actual |
| GDP per capitacurrent US$ | $599 | 2025 | Actual |
| Real GDP growthannual % | 3.0% | 2025 | Actual |
| InflationCPI annual % | 8.1% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 3.0% | 2025 | Estimate |
| Merchandise exportscurrent USD | $2.56B | 2024 | Actual |
| Merchandise importscurrent USD | $4.80B | 2024 | Actual |
Frequently Asked Questions
What is Madagascar's latest GDP?
The World Bank GDP observation used here is $19.62B for 2025.
What does merchandise trade show for Madagascar?
Merchandise exports were $2.56B and imports were $4.80B in 2024, giving a same-year goods balance of -$2.25B.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
Core macroeconomic indicators with explicit reference years.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment
Matched-year merchandise exports and imports from the WTO economy profile.
Official data: WTO country profile