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.
|Agricultura||33.5 %||33.1 %||31.8 %|
|IndÃºstria||11.9 %||11.8 %||12.5 %|
|ServiÃ§os||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%).
|GDP Growth||4.5 %||4.8 %||5%||-11.9 %||6%||5%|
Source: CIA World Factbook
Economic data of the country
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