Agriculture > products
coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava, beans, bananas, peanuts; livestock products |
|
Aid as % of GDP
|
8.3% |
|
[37th of 129]
|
|
Source: CIA World Factbook, 28 July 2005 |
|
Debt > External
|
$4,600,000,000.00 |
|
[58th of 136]
|
|
Source: calculated on the basis of data on ODA from OECD (Organisation for Economic Co-operation and Development), Development Assistance Committee. 2002. DAC Online. Database. Paris.; and data on GDP from World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Distribution of family income > Gini index
|
47.5 |
|
[6th of 43]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Economic freedom
|
2.35 |
|
[48th of 156]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
Economy > Overview
Having discarded past socialist economic policies, Madagascar has since the mid 1990s followed a World Bank- and IMF-led policy of privatization and liberalization. This strategy placed the country on a slow and steady growth path from an extremely low level. Agriculture, including fishing and forestry, is a mainstay of the economy, accounting for more than one-fourth of GDP and employing 80% of the population. Exports of apparel have boomed in recent years primarily due to duty-free access to the US. Deforestation and erosion, aggravated by the use of firewood as the primary source of fuel, are serious concerns. President RAVALOMANANA has worked aggressively to revive the economy following the 2002 political crisis, which triggered a 12% drop in GDP that year. Poverty reduction and combating corruption will be the centerpieces of economic policy for the next few years. |
|
Source: The Heritage Foundation |
|
Exports
|
$986,000,000.00 |
|
[135th of 189]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP
|
$5,499,230,000.00 |
|
[120th of 203]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
GDP > PPP
|
$14,746,000,000.00 |
|
[110th of 163]
|
|
Source: World Development Indicators database and CIA World Factbook |
|
GDP > Real growth rate
|
6.3% |
|
[66th of 198]
|
|
Source: World Bank. 2005. World Development Indicators 2005. |
|
GINI index
|
47.45
|
|
[6th of 40]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Gross National Income
|
$4,193,800,000.00 |
|
[107th of 172]
|
|
Source: World Development Indicators database |
|
Human Development Index
|
0.499 |
|
[147th of 178]
|
|
Income category
|
Low income |
|
|
|
Source: Human Development Report 2006, United Nations Development Programme |
|
Income distribution > Poorest 10%
|
2.6% |
|
[57th of 114]
|
|
Source: |
|
Income distribution > Richest 10%
|
28.6% |
|
[66th of 114]
|
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Population below poverty line
|
50% |
|
[14th of 46]
|
|
Source: World Bank. 2002. World Development Indicators 2002. CD-ROM. Washington, DC |
|
Population under $1 a day
|
49.1 |
|
[9th of 59]
|
|
Source: All CIA World Factbooks 18 December 2003 to 18 December 2008 |
|
Poverty > Share of all poor people
|
0.68 % of world's poor |
|
[16th of 80]
|
|
Source: World Bank 2002b via backone.pdf |
|
Tourist arrivals
|
101,000 |
|
[115th of 152]
|
|
Source: Country Responsibilities in Achieving the Millenium Development Goals", April 8 2003, by Janice Poling |
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