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Economia

A economia da Madagascar é baseada na agricultura. Porém há outros sectores que desempenham um papel muito importante para o país. Eles são: o tourismo,a pesca, a indústria e os serviços.

GDP	1998	1999	2000
Agricultura	33.5 %	33.1 %	31.8 %
Indústria	11.9 %	11.8 %	12.5 %
Serviços	47.9 %	48.4 %	48.5 %

Fonte: Banco Central da Madagascar

Various economic reforms were brought by the government in order to promote an attractive environment for the investment (reforms of the financial sector, privatisation, facilitation of foreign exchanges, etc.). Madagascar knows an economic growth rate (5% into 2000) largely exceeding the demographic growth rate (2,8%).

Ano	1999	2000	2001	2002	2003	2004
Crescimento GDP	4.5 %	4.8 %	5%	-11.9 %	6%	5%

Fonte: CIA World Factbook

The recent political crisis which took place in Madagascar caused a serious disorganization of the economic and social life. The free movement of goods and people were blocked. It resulted in the slowing down of the economy which involved redundancies and even the closure of companies, the rocketing of prices related to the shortage of many essential food products and fuel. All sectors were concerned, the negative growths recorded rise to -25% in the secondary industry, -12,5% in the tertiary sector. The agricultural production recorded a fall of - 1,4%.

Inflation continues to slow down. The annual Slip of the consumer price index is only 11,4% in February 2003, whereas it was more than 26,5% in May 2002. During January and February 2003, the Monthly index variations (respectively 0,3% And 1,3%) were weaker than those of the former years (respectively 1,5% and 1,9% in 2002 and 1,7 and 2,3% in 2001).

The emergency measures taken by the Government made it possible to mitigate the devastators effects of the crisis. Among these measurements, one note the fall by two times of the intervention rate of the Central Bank and the exemption from customs duties and import taxes on construction material, inputs and textile equipments, agriculture and the livestocks, as well as the increase of the salaries of the government officials. Gradually, sign of return to the normal of the economic activities are seen, in fact the inflation rate of 26,7% at least in May 2002 was brought back to 11% in February 2003. Following the various measures taken by the Government, if the rate of the economic growth was -12% for year 2002, it should reach 8% this year.

Madagascar is highly appreciative of the support and generosity of its partners and friends who are concerned for the country and want to see the socio-economic situation improved. At the "Conference of the Friends of Madagascar" held in Paris in July 2002, our economic and financial partners pledged about US$2.477 billion for a four year period. These pledges came from the World Bank, the European Union, the African Development Bank, as well as other multilateral and bilateral partners of Madagascar.

implemented over the period 2002 to July 2003, financed partly by a credit of the World Bank. This program comprises three components: - assistance for the most vulnerable through interventions in health, education and rural development sectors and within the framework of a security net program, - revival of private sector activities by allocation of cash-flow support to firms - restoration of the public sector through the modernization of the land transport network, the restructuring of the air transport system, the rehabilitation and the maintenance of roads and the rebuilding of the bridges as a priority.

Informação económica do país

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