Madagascar

Official Name: The Republic of Madagascar
Sovereign Status: Sovereign Country
Government Type: Semi-Presidential Republic
Official Name (Local Language): Republique de Madagascar; Repoblikan'i Madagasikara
ISO Country Codes: MG : MDG
Internet Domain: .mg
Government Web Site: https://www.presidence.gov.mg/
Capital: Antananarivo Main Airports: Ivato International Airport
Language(s): French; Malagasy; English Population: 28,172,462
Currency: Malagasy Ariary ISO Currency Code: MGA
Telephone Dial In: +261 ID Prefix: 00



Travel Guides:

Madagascar

Government Website: https://www.presidence.gov.mg/
Central Bank: Banque Centrale de Madagascar
Currency USD Exchange Rate: 3,116.1 Malagasy ariary (MGA) per US dollar (2017 est.)
Unemployment Rate: 1.8% (2017 est.)
Population below poverty line: 70.7% (2012 est.)
Inflation Rate: 5.6% (2019 est.)
Prime Lending Rate: 49% (2019 - World Bank)
GDP: $42.322 billion (2021 est.)
GDP Pro Capita (PPP): $1,500 (2021 est.)
Currency Name: Malagasy Ariary
Currency Code: MGA
World Bank Classification: Low-Income Economy

GDP Composition:

Agriculture: 24.8% coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava (manioc, tapioca), beans, bananas, peanuts; livestock products
Industry: 16.3% meat processing, seafood, soap, beer, leather, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism, mining
Services: 58.9%

Source: Central Intelligence Agency Factbook




Financial Exchanges:
Commodities Exchange: Mercantile Exchange of Madagascar ;

National Statistics Office:

National Dataset(s):

Madagascar


Subject to Country Specific Sanctions? NO

The World Bank’s World Integrated Trade Solution

Business Language(s): French; Malagasy
Customs & Excise: Douanes Malagasy
Development Bank(s): African Development Bank;
Competitive Ind’l Performance: 132/141 (2019) Corruption Perceptions Index: 142/180 (2022 Rank)
Ease of Doing Business: N/A Enabling Trade Index: 109/136 (2016)
Global Trade Alert Search ITC's Lega Carta

Country Ratings:


Export Credit & Insurance Show

Eximbank: Afreximbank ; Export Credit Agency: Caribbean Export Development Agency ; Export Insurance Agency: The African Trade Insurance Agency ;

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