The Gross Domestic Product per capita in Madagascar was last recorded at 448.06 US dollars in 2023. The GDP per Capita in Madagascar is equivalent to 4 percent of the world's average. This dataset provides the latest reported value for - Madagascar GDP per capita - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GNI per capita (formerly GNP per capita) is the gross national income, converted to U.S. dollars using the World Bank Atlas method, divided by the midyear population. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.

Wages High Skilled in Madagascar increased to 829600 MGA/Month in 2018 from 826100 MGA/Month in 2017. Madagascar Wages High Skilled - values, historical data, forecasts and news - updated on March of 2025.

Madagascar MG: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 14.400 % in 2012. This records an increase from the previous number of 12.800 % for 2010. Madagascar MG: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 14.850 % from Dec 1980 (Median) to 2012, with 8 observations. The data reached an all-time high of 19.100 % in 1980 and a record low of 10.900 % in 2005. Madagascar MG: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Madagascar: Income, profits, and capital gains taxes: percent of revenue: The latest value from 2022 is 25.14 percent, an increase from 22.48 percent in 2021. In comparison, the world average is 31.54 percent, based on data from 93 countries. Historically, the average for Madagascar from 1990 to 2022 is 16.93 percent. The minimum value, 6.21 percent, was reached in 2004 while the maximum of 25.14 percent was recorded in 2022.

Madagascar MG: GDP: USD: Adjusted Net National Income per Capita data was reported at 357.917 USD in 2016. This records an increase from the previous number of 356.578 USD for 2015. Madagascar MG: GDP: USD: Adjusted Net National Income per Capita data is updated yearly, averaging 259.075 USD from Dec 1980 (Median) to 2016, with 37 observations. The data reached an all-time high of 437.522 USD in 1980 and a record low of 192.960 USD in 1989. Madagascar MG: GDP: USD: Adjusted Net National Income per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Gross Domestic Product: Nominal. Adjusted net national income is GNI minus consumption of fixed capital and natural resources depletion.; ; World Bank staff estimates based on sources and methods in World Bank's 'The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium' (2011).; Weighted average;

Madagascar: Personal income per capita, U.S. dollars: The latest value from is U.S. dollars, unavailable from U.S. dollars in . In comparison, the world average is 0 U.S. dollars, based on data from countries. Historically, the average for Madagascar from to is U.S. dollars. The minimum value, U.S. dollars, was reached in while the maximum of U.S. dollars was recorded in .

Madagascar MG: GDP: Real: GNI per Capita data was reported at 27,431.970 MGA in 2016. This records an increase from the previous number of 27,112.750 MGA for 2015. Madagascar MG: GDP: Real: GNI per Capita data is updated yearly, averaging 31,483.922 MGA from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 51,590.656 MGA in 1971 and a record low of 25,317.331 MGA in 2002. Madagascar MG: GDP: Real: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Gross Domestic Product: Real. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

Madagascar: Cost of starting a business, % of income per capita: The latest value from 2019 is 30.2 percent of per capita GNI, a decline from 33 percent of per capita GNI in 2018. In comparison, the world average is 19.87 percent of per capita GNI, based on data from 185 countries. Historically, the average for Madagascar from 2003 to 2019 is 80.29 percent of per capita GNI. The minimum value, 30.2 percent of per capita GNI, was reached in 2019 while the maximum of 253.3 percent of per capita GNI was recorded in 2003.

Madagascar MG: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: 2011 PPP per day data was reported at 0.610 Intl $/Day in 2012. This records a decrease from the previous number of 0.640 Intl $/Day for 2010. Madagascar MG: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: 2011 PPP per day data is updated yearly, averaging 0.625 Intl $/Day from Dec 2010 (Median) to 2012, with 2 observations. The data reached an all-time high of 0.640 Intl $/Day in 2010 and a record low of 0.610 Intl $/Day in 2012. Madagascar MG: Survey Mean Consumption or Income per Capita: Bottom 40% of Population: 2011 PPP per day data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank: Poverty. Mean consumption or income per capita (2011 PPP $ per day) used in calculating the growth rate in the welfare aggregate of the bottom 40% of the population in the income distribution in a country.; ; World Bank, Global Database of Shared Prosperity (GDSP) circa 2010-2015 (http://www.worldbank.org/en/topic/poverty/brief/global-database-of-shared-prosperity).; ; The choice of consumption or income for a country is made according to which welfare aggregate is used to estimate extreme poverty in PovcalNet. The practice adopted by the World Bank for estimating global and regional poverty is, in principle, to use per capita consumption expenditure as the welfare measure wherever available; and to use income as the welfare measure for countries for which consumption is unavailable. However, in some cases data on consumption may be available but are outdated or not shared with the World Bank for recent survey years. In these cases, if data on income are available, income is used. Whether data are for consumption or income per capita is noted in the footnotes. Because household surveys are infrequent in most countries and are not aligned across countries, comparisons across countries or over time should be made with a high degree of caution.

The Gross Domestic Product (GDP) in Madagascar expanded 4.30 percent in the fourth quarter of 2024 over the same quarter of the previous year. This dataset provides - Madagascar GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Madagascar MG: GDP: GNI per Capita data was reported at 1,358,274.525 MGA in 2017. This records an increase from the previous number of 1,224,153.622 MGA for 2016. Madagascar MG: GDP: GNI per Capita data is updated yearly, averaging 62,201.038 MGA from Dec 1960 (Median) to 2017, with 58 observations. The data reached an all-time high of 1,358,274.525 MGA in 2017 and a record low of 6,300.786 MGA in 1960. Madagascar MG: GDP: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Gross Domestic Product: Nominal. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.; ; World Bank national accounts data, and OECD National Accounts data files.; ;

441 (US dollars) in 2023. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

1,612 (international dollars) in 2023. GNI per capita based on purchasing power parity (PPP). PPP GNI is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. GNI is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.

As of 2022, Seychelles was the African country with the highest estimated minimum gross monthly wage, standing at 464.76 U.S. dollars. It was followed by Morocco at 285.61 U.S. dollars and South Africa 248.12 U.S. dollars. Among the selected nations, only five countries had a minimum wage above 200 U.S. dollars on the continent. Minimum wage adjustments Legislations regarding minimum wages vary significantly across countries. The minimum remuneration of employees is usually proportionate to a specific area's cost of living. Determining a minimum wage aims to increase employees' living conditions while reducing poverty and inequality. Due to rising prices and inflation, governments occasionally adjust the minimum salary. In Africa, Sierra Leone experienced the highest increase in the minimum wage in recent years, with a growth of almost 30 percent between 2010 and 2019. However, governments can also lower minimum wages. Liberia and Burundi reduced the lowest possible remuneration by around 14 percent and eight percent, respectively, between 2010 and 2019. Widespread informal employment Despite legislation in force, minimum wages are not always guaranteed. In fact, several forms of employment allow employers to avoid paying minimum wages. In addition, undeclared work remains a common practice in many countries worldwide. The situation is particularly critical in some African countries. According to estimates, over 96 percent of the working population in Niger, The Democratic Republic of Congo, Benin, and Madagascar engaged in informal employment between 2019 and 2023. In Egypt and South Africa, the share stood at 67 percent and 42 percent, respectively. Seychelles had the lowest rate on the continent at around 17 percent.

Madagascar MG: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Within Region data was reported at 8.923 % in 2016. This records a decrease from the previous number of 9.077 % for 2015. Madagascar MG: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Within Region data is updated yearly, averaging 3.422 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 15.457 % in 1996 and a record low of 0.192 % in 1981. Madagascar MG: Imports: Low- and Middle-Income Economies: % of Total Goods Imports: Within Region data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank: Imports. Merchandise imports from low- and middle-income economies within region are the sum of merchandise imports by the reporting economy from other low- and middle-income economies in the same World Bank region according to the World Bank classification of economies. Data are as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

Madagascar MG: GDP: 2010 Price: USD: GNI per Capita data was reported at 398.779 USD in 2016. This records an increase from the previous number of 394.139 USD for 2015. Madagascar MG: GDP: 2010 Price: USD: GNI per Capita data is updated yearly, averaging 457.682 USD from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 749.975 USD in 1971 and a record low of 368.039 USD in 2002. Madagascar MG: GDP: 2010 Price: USD: GNI per Capita data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Gross Domestic Product: Real. GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Weighted average;

Madagascar MG: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: East Asia & Pacific data was reported at 8.727 % in 2016. This records an increase from the previous number of 8.683 % for 2015. Madagascar MG: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: East Asia & Pacific data is updated yearly, averaging 3.461 % from Dec 1964 (Median) to 2016, with 53 observations. The data reached an all-time high of 17.900 % in 1981 and a record low of 0.061 % in 1984. Madagascar MG: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: East Asia & Pacific data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Exports. Merchandise exports to low- and middle-income economies in East Asia and Pacific are the sum of merchandise exports from the reporting economy to low- and middle-income economies in the East Asia and Pacific region according to World Bank classification of economies. Data are as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;

Madagascar MG: Poverty Gap at $5.50 a Day: 2011 PPP: % data was reported at 73.400 % in 2012. This stayed constant from the previous number of 73.400 % for 2010. Madagascar MG: Poverty Gap at $5.50 a Day: 2011 PPP: % data is updated yearly, averaging 68.400 % from Dec 1980 (Median) to 2012, with 8 observations. The data reached an all-time high of 73.400 % in 2012 and a record low of 53.800 % in 1980. Madagascar MG: Poverty Gap at $5.50 a Day: 2011 PPP: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Poverty. Poverty gap at $5.50 a day (2011 PPP) is the mean shortfall in income or consumption from the poverty line $5.50 a day (counting the nonpoor as having zero shortfall), expressed as a percentage of the poverty line. This measure reflects the depth of poverty as well as its incidence.; ; World Bank, Development Research Group. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are from the Luxembourg Income Study database. For more information and methodology, please see PovcalNet (http://iresearch.worldbank.org/PovcalNet/index.htm).; ; The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than one thousand six hundred household surveys across 164 countries in six regions and 25 other high income countries (industrialized economies). While income distribution data are published for all countries with data available, poverty data are published for low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia) only. The aggregated numbers for low- and middle-income countries correspond to the totals of 6 regions in PovcalNet, which include low- and middle-income countries and countries eligible to receive loans from the World Bank (such as Chile) and recently graduated countries (such as Estonia). See PovcalNet (http://iresearch.worldbank.org/PovcalNet/WhatIsNew.aspx) for definitions of geographical regions and industrialized countries.

Madagascar MG: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Within Region data was reported at 7.219 % in 2016. This records an increase from the previous number of 7.016 % for 2015. Madagascar MG: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Within Region data is updated yearly, averaging 4.514 % from Dec 1960 (Median) to 2016, with 57 observations. The data reached an all-time high of 11.514 % in 2010 and a record low of 0.293 % in 1982. Madagascar MG: Exports: Low- and Middle-Income Economies: % of Total Goods Exports: Within Region data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Madagascar – Table MG.World Bank.WDI: Exports. Merchandise exports to low- and middle-income economies within region are the sum of merchandise exports from the reporting economy to other low- and middle-income economies in the same World Bank region as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data. No figures are shown for high-income economies, because they are a separate category in the World Bank classification of economies.; ; World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.; Weighted average;