Madagascar FlagMadagascar

Ancestral Land, Liberty, Progress

 

General


Population: 23,201,926 (2014), 22,599,098 (2013)
Land Area: 587,040 sq km
Natural Resources: Graphite, chromite, coal, bauxite, salt, quartz, tar sands, semiprecious stones, mica, fish, hydro power
Capital: Antananarivo
Political System: Republic
State Leader: Hery Rajaonarimampianina (January 25th 2014)
Head of Government: Roger Kolo (April 11th 2014)
Languages: English, French, Malagasy
Currency: Anary (MGA)
Major Religions: Indigenous Beliefs 52%, Christian 41%, Muslim 7%
Major Ethnicities: Malayo-Indonesian, Cotiers, French, Indian, Creole, Comoran
Life Expectancy: 65.2 years (2014), 64.85 years (2013)

Economy


GDP Official Exchange Rate: 10.53 billion (2013), 10.05 billion (2012)
GDP Purchasing Power Parity: 22.03 billion (2013), 21.37 billion (2012)
GDP Per Capita (PPP): 1,000 (2013), 1,000 (2012)
GDP Growth Rate: 2.6% (2013), 1.9% (2012)
GDP Structure: Agriculture 27.3%, Industry 16.4%, Services 56.3% (2013)
Labour Force By Occupation: NA
Industries: Meat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, automobile, assembly plant, paper, petroleum, tourism
Agriculture Products: Coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava, beans, bananas, peanuts; livestock products
Human Development Index: 0.498 (155th)(2014), 0.483 (151st)(2013)
Tourism Revenue: 115 million (2001)
Unemployment Rate: NA

MilitaryMadagascar Map


Army Size: 13 500 (2004)
Budget: 1% of GDP (2006)

Current Situation

 

Madagascar is located in the Indian Ocean on the east coast of Africa. Madagascar being an island has maritime borders with a few countries. Madagascar's economy relies heavily on the agriculture sector, it's GDP growth rate is high, but so is inflation which is hampering the reduction of poverty. The government continues to try and stabilize inflation and fully implement structural reform programs to attract foreign investments.

(2014) Although Madagascar's growth increased in 2013 in a difficult world economy, much work remains to be done in order to reduce poverty and create lasting growth.

Thoughts & Comments

 

Sources

CIA World Factbook: Madagascar
The Economist: The World In 2014
Wikipedia: Madagascar
http://hdrstats.undp.org/en/countries/profiles/MDG.html

Updated on: October 20th, 2014