Agriculture > products
coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava, beans, bananas, peanuts; livestock products |
|
Aid as % of GDP
|
8.3% |
|
[37th of 129]
|
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Definition: Economy > Aid as % of GDP |
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Debt > External
|
$4,600,000,000.00 |
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[58th of 136]
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Definition: Economy > Debt > External |
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Distribution of family income > Gini index
|
47.5 |
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[6th of 43]
|
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Definition: Economy > Distribution of family income > Gini index |
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Economic freedom
|
2.35 |
|
[48th of 156]
|
|
Definition: Economy > Economic freedom |
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. |
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Definition: Economy > Economy > Overview |
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Exports
|
$986,000,000.00 |
|
[135th of 189]
|
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Definition: Economy > Exports |
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GDP
|
$5,499,230,000.00 |
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[120th of 203]
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Definition: Economy > GDP |
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GDP > PPP
|
$14,746,000,000.00 |
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[110th of 163]
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Definition: Economy > GDP > PPP |
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GDP > Real growth rate
|
6.3% |
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[66th of 198]
|
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Definition: Economy > GDP > Real growth rate |
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GINI index
|
47.45
|
|
[6th of 40]
|
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Definition: Economy > GINI index |
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Gross National Income
|
$4,193,800,000.00 |
|
[107th of 172]
|
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Definition: Economy > Gross National Income |
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Human Development Index
|
0.499 |
|
[147th of 178]
|
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Definition: Economy > Human Development Index |
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Income category
|
Low income |
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|
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Definition: Economy > Income category |
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Income distribution > Poorest 10%
|
2.6% |
|
[57th of 114]
|
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Definition: Economy > Income distribution > Poorest 10% |
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Income distribution > Richest 10%
|
28.6% |
|
[66th of 114]
|
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Definition: Economy > Income distribution > Richest 10% |
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Population below poverty line
|
50% |
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[14th of 46]
|
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Definition: Economy > Population below poverty line |
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Population under $1 a day
|
49.1 |
|
[9th of 59]
|
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Definition: Economy > Population under $1 a day |
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Poverty > Share of all poor people
|
0.68 % of world's poor |
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[16th of 80]
|
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Definition: Economy > Poverty > Share of all poor people |
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Tourist arrivals
|
101,000 |
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[115th of 152]
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Definition: Economy > Tourist arrivals |
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