Country Profiles

Madagascar

COUNTRY
GEOGRAPHY

MADAGASCAR
Location Southern Africa, island in the Indian Ocean, east of Mozambique Area 587,040 sq km Natural Resources Vanilla, graphite, chromite, coal, bauxite, salt, quartz, tar sands, semiprecious stones, mica, fish, hydropower

POPULATION Size CAPITAL, PORTS AND HARBOURS Capital Ports and Harbours

17,501,871 (2004 est.) Antananarivo Antsiranana Antsohimbondrona Mahajanga

Toamasina Toliara

ECONOMY Overview

Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for one-fourth of GDP and employing fourfifths of the population. Export earnings primarily are earned in the small industrial sector, which features textile manufacturing and agriculture processing.

GDP - PPP GDP - Real Growth Rate GDP - per capita PPP GDP - Composition by sector

Inflation Rate (Consumer Prices) Industries

$13.02 billion (2003 est.) 6% (2003 est.) $800 (2003 est.) Agriculture: 34.5% Industry: 7.8% Services: 57.7% (2003 est.) 8% (2003 est.) Meat processing, soap, breweries, tanneries, sugar, textiles, glassware, cement, automobile assembly plant, paper, petroleum, tourism. $700 million (2003 est.) coffee, vanilla, shellfish, sugar; cotton cloth, chromite, petroleum products, textile and apparel US 35.1%, France 34.1%, Germany 6.1% (2003 est.) $920 million (2003 est.) capital goods, petroleum, consumer goods, food France 31.6%, China 13%, Hong Kong 10%, Belgium 5.7%, US 5.4%, Singapore 4.6% (2003 est.) Malagasy franc (MGF) MGF Malagasy francs per US dollar - 6,210 (2003), 6,832.0 (2002), 6,588.5 (2001)

Exports Value in F.O.B Commodities Partners Imports Value in F.O.B Commodities Partners Currency Currency Currency Code Exchange Rates
Last updated: - 08 Nov 2004