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Gross Domestic Product (GDP) in Madagascar

GDP of Madagascar, 1970-2015

During 1970-2015 GDP of Madagascar in current prices rose by 8.8 billion US dollars (in 10.8 times) to 9.7 billion US dollars; change occurred by 2.4 billion US dollars by increasing of people by 17.7 million, as well as by 6.4 billion US dollars by increasing of GDP per capita by 265.0 US dollars. The average annual growth of GDP of Madagascar was 0.20 billion US dollars or 5.4%. The average annual growth of GDP of Madagascar in constant prices was 1.6%. Share in the world reduced by 0.013%. Share in Africa fell by 0.40%. Minimal GDP was in 1970 (0.90 billion US dollars). Maximal GDP was in 2014 (10.7 billion US dollars).

During 1970-2015 GDP per capita in Madagascar grew by 265.0 US dollars (in 2.9 times) to 402.0 US dollars. The average annual growth of GDP per capita in current prices was 5.9 US dollars or 2.4%.

Change of GDP of Madagascar described by linear regression model: y=0.19x-366.1, where y - estimated value of GDP of Madagascar, x - year. Correlation rate = 0.886. Determination rate = 0.786.

GDP of Madagascar, 1970

GDP of Madagascar in 1970 was worth 0.90 billion US dollars, ranked 97th in the world and was on par with GDP of Senegal (0.95 bln. US dollars). Share of Madagascar in the world GDP was 0.026%.

GDP per capita in Madagascar in 1970 was 137.0 US dollars, ranked 158th in the world. GDP per capita in Madagascar was less than GDP per capita in the World (924.0 US dollars) by 787.0 US dollars.

Comparison of GDP in Madagascar and the neighbors in 1970. GDP of Madagascar was greater than GDP of Mauritius (0.2 billion US dollars), GDP of Seychelles (0.0 billion US dollars), GDP of Comoros (0.0 billion US dollars). GDP per capita in Madagascar was greater than GDP per capita in Comoros (86.0 US dollars), but was less than GDP per capita in Seychelles (425.0 US dollars), GDP per capita in Mauritius (238.0 US dollars).

Comparison of GDP in Madagascar and leaders in 1970. GDP of Madagascar was less than GDP of the United States (1 075.9 billion US dollars) in 1 198.0 times, GDP of Germany (215.0 billion US dollars) in 239.4 times, GDP of Japan (211.5 billion US dollars) in 235.5 times, GDP of the United Kingdom (130.7 billion US dollars) in 145.5 times, GDP of China (89.6 billion US dollars) in 99.8 times. GDP per capita in Madagascar was greater than GDP per capita in China (111.0 US dollars) by 23.4%, but was less than GDP per capita in the United States (5 136.0 US dollars) in 37.5 times, GDP per capita in Germany (2 744.0 US dollars) in 20.0 times, GDP per capita in the United Kingdom (2 350.0 US dollars) in 17.2 times, GDP per capita in Japan (2 040.0 US dollars) in 14.9 times.

Potential GDP of Madagascar in 1970. With GDP per capita at the level of the United States (5 136.0 US dollars), GDP of Madagascar would be 33.7 billion US dollars, it is in 37.5 times more than the actual level. With GDP per capita at the level of the World (924.0 US dollars), GDP of Madagascar would be 6.1 billion US dollars, it is in 6.7 times more than the actual level. With GDP per capita at the level of Seychelles (425.0 US dollars), as the best neighbor, GDP of Madagascar would be 2.8 billion US dollars, it is in 3.1 times more than the actual level. With GDP per capita at the level of Africa (296.0 US dollars), GDP of Madagascar would be 1.9 billion US dollars, it is in 2.2 times more than the actual level. With GDP per capita at the level of Eastern Africa (175.0 US dollars), GDP of Madagascar would be 1.1 billion US dollars, it is by 27.7% more than the actual level.

GDP of Madagascar, 2015

GDP of Madagascar in 2015 was worth 9.7 billion US dollars, ranked 140th in the world and was on par with GDP of Macedonia (10.1 bln. US dollars), GDP of Chad (10.0 bln. US dollars), GDP of Malta (9.7 bln. US dollars). Share of Madagascar in the world GDP was 0.013%.

GDP per capita in Madagascar in 2015 was 402.0 US dollars, ranked 206th in the world. GDP per capita in Madagascar was less than GDP per capita in the World (10 098.0 US dollars) by 9 696.0 US dollars.

Comparison of GDP in Madagascar and the neighbors in 2015. GDP of Madagascar was greater than GDP of Seychelles (1.4 billion US dollars), GDP of Comoros (0.6 billion US dollars), but was less than GDP of Mauritius (11.5 billion US dollars). GDP per capita in Madagascar was less than GDP per capita in Seychelles (14 133.0 US dollars), GDP per capita in Mauritius (9 041.0 US dollars), GDP per capita in Comoros (707.0 US dollars).

Comparison of GDP in Madagascar and leaders in 2015. GDP of Madagascar was less than GDP of the United States (18 036.6 billion US dollars) in 1 852.1 times, GDP of China (11 158.5 billion US dollars) in 1 145.8 times, GDP of Japan (4 383.1 billion US dollars) in 450.1 times, GDP of Germany (3 363.6 billion US dollars) in 345.4 times, GDP of the United Kingdom (2 858.0 billion US dollars) in 293.5 times. GDP per capita in Madagascar was less than GDP per capita in the United States (56 054.0 US dollars) in 139.4 times, GDP per capita in the United Kingdom (44 162.0 US dollars) in 109.9 times, GDP per capita in Germany (41 686.0 US dollars) in 103.7 times, GDP per capita in Japan (34 629.0 US dollars) in 86.1 times, GDP per capita in China (8 109.0 US dollars) in 20.2 times.

Potential GDP of Madagascar in 2015. With GDP per capita at the level of the United States (56 054.0 US dollars), GDP of Madagascar would be 1 357.9 billion US dollars, it is in 139.4 times more than the actual level. With GDP per capita at the level of Seychelles (14 133.0 US dollars), as the best neighbor, GDP of Madagascar would be 342.4 billion US dollars, it is in 35.2 times more than the actual level. With GDP per capita at the level of the World (10 098.0 US dollars), GDP of Madagascar would be 244.6 billion US dollars, it is in 25.1 times more than the actual level. With GDP per capita at the level of Africa (1 927.0 US dollars), GDP of Madagascar would be 46.7 billion US dollars, it is in 4.8 times more than the actual level. With GDP per capita at the level of Eastern Africa (780.0 US dollars), GDP of Madagascar would be 18.9 billion US dollars, it is by 94% more than the actual level.

Size of GDP in Madagascar

Gross Domestic Product (GDP) in Madagascar, bln. US dollars
Prices197019801990200020102015
current prices0.903.33.13.98.79.7
constant prices19700.900.991.11.31.61.8
20053.23.63.84.55.86.6
Picture. Madagascar: GDP

GDP in Madagascar and its neighbors, bln. $
Country197019801990200020102015
Mauritius0.201.22.64.79.711.5
Madagascar0.903.33.13.98.79.7
Seychelles0.0220.180.450.750.971.4
Comoros0.0200.120.240.200.530.56

GDP in Madagascar and leaders, bln. $
Country197019801990200020102015
United States1 075.92 862.55 979.610 284.814 964.418 036.6
China89.6305.3398.61 214.96 066.411 158.5
Japan211.51 099.73 140.04 887.55 700.14 383.1
Germany215.0946.71 764.91 950.03 417.13 363.6
United Kingdom130.7565.01 093.21 635.42 429.72 858.0
Madagascar0.903.33.13.98.79.7

Growth of GDP in Madagascar

Picture. Madagascar: GDP, growth Picture. Madagascar: GDP, growth

GDP per capita in Madagascar

Picture. Madagascar: GDP per capita Picture. Madagascar: GDP per capita

GDP per capita in Madagascar and its neighbors, $
Country197019801990200020102015
Seychelles425.02 686.06 306.09 203.010 421.014 133.0
Mauritius238.01 201.02 481.03 935.07 787.09 041.0
Comoros86.0400.0587.0372.0759.0707.0
Madagascar137.0373.0267.0246.0414.0402.0

GDP per capita in Madagascar and leaders, $
Country197019801990200020102015
United States5 136.012 468.023 649.036 355.048 291.056 054.0
United Kingdom2 350.010 049.019 142.027 781.038 741.044 162.0
Germany2 744.012 113.022 353.023 810.042 483.041 686.0
Japan2 040.09 487.025 685.038 878.044 770.034 629.0
China111.0312.0345.0957.04 524.08 109.0
Madagascar137.0373.0267.0246.0414.0402.0

Structure of GDP in Madagascar

Structure of GDP by expenditures, %
Yearconsumption expenditurecapital formationnet export
totalhousehold expendituregovernment expendituretotalfixed capital formation
197085.567.018.515.615.6-1.1
198093.376.317.123.522.8-16.9
199094.086.08.017.017.0-11.0
200091.483.57.916.216.2-7.6
201097.386.710.620.820.8-18.1
201593.685.97.716.516.5-10.1

© Ivan Kushnir

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