Economy

The economy of Madagascar is based on agriculture. However is has other sectors that play an important role for the country. They are: Tourism, Fishing industry and Services.

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 %

Source: Malagasy Central Bank

 

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
GDP Growth 4.5 % 4.8 % 5% -11.9 % 6% 5%

Source: CIA World Factbook

Economic data of the country
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