Madagascar 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$15.79 billion
↑ 4.33% vs 2022GDP per Capita
$506.16
↑ 1.79% vs 2022GDP Growth (Annual %)
3.80%
↓ 0.20pp vs 2022Inflation Rate (CPI %)
9.87%
↑ 1.71pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $15.13 billion | $15.79 billion | +4.33% |
| GDP per Capita | $497.24 | $506.16 | +1.79% |
| GDP Growth (Annual %) | 4.00% | 3.80% | -0.20pp |
| Inflation (CPI %) | 8.16% | 9.87% | +1.71pp |
| Unemployment Rate (%) | 3.19% | 3.07% | -0.12pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $15.79 billion
- GDP per Capita
- $506.16
- GDP Growth (Annual %)
- 3.80%
- Gross National Income
- $15.44 billion
Prices & Employment
- Inflation (CPI %)
- 9.87%
- Inflation (GDP Deflator %)
- 8.69%
- Unemployment Rate (%)
- 3.07%
- Interest Rate (Real %)
- 41.30%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Madagascar's Gross Domestic Product (GDP) is $15.79 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Madagascar for 2023 is $506.16. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Madagascar for 2023 is 9.87%. This measures the annual percentage change in the cost of consumer goods and services.
Madagascar's annual GDP growth rate for 2023 is 3.80%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Madagascar for 2023 is 3.07%. This represents the percentage of the labor force that is unemployed and actively seeking employment.