Madagascar GDP Growth Rate (2026)
Madagascar has a developing African economy supported by agriculture, mining, textiles, tourism, and domestic consumption. This page examines its GDP growth trend, historical performance, regional position, and outlook.
GDP Growth Rate 2026
+3.6%
Annual real GDP growth
World Rank
#69
Out of 195 countries
Change vs 2025
+0.8 pp
2025: +2.8%
Africa Rank
#35
Out of 54 countries
1. Madagascar GDP Growth Rate in 2026
Madagascar’s economic growth is influenced by agriculture, exports, mining, tourism, and investment. Weather conditions and political stability remain especially important.
2. Madagascar GDP Growth Rate Trends (1980–2026)
The country’s growth history has been shaped by agriculture, political instability, export industries, and recurring climate shocks. Poverty and infrastructure gaps remain major structural issues.
3. Madagascar GDP Growth Rate (Historical Data)
| Year | GDP Growth Rate | Change (pp) |
|---|---|---|
| 2026 | +3.6% | +0.8 pp |
| 2025 | +2.8% | -1.5 pp |
| 2024 | +4.3% | +0.1 pp |
| 2023 | +4.2% | +0.1 pp |
| 2022 | +4.1% | -0.6 pp |
| 2021 | +4.7% | +11.8 pp |
| 2020 | -7.1% | -11.5 pp |
| 2019 | +4.4% | +1.2 pp |
| 2018 | +3.2% | -0.7 pp |
| 2017 | +3.9% | -0.1 pp |
| 2016 | +4.0% | +0.9 pp |
| 2015 | +3.1% | -0.2 pp |
| 2014 | +3.3% | +1.0 pp |
| 2013 | +2.3% | -0.7 pp |
| 2012 | +3.0% | +1.4 pp |
| 2011 | +1.6% | +1.0 pp |
| 2010 | +0.6% | +4.6 pp |
| 2009 | -4.0% | -10.7 pp |
| 2008 | +6.7% | +1.0 pp |
| 2007 | +5.7% | +0.3 pp |
| 2006 | +5.4% | +0.6 pp |
| 2005 | +4.8% | -0.5 pp |
| 2004 | +5.3% | -4.5 pp |
| 2003 | +9.8% | +22.2 pp |
| 2002 | -12.4% | -18.4 pp |
| 2001 | +6.0% | +1.5 pp |
| 2000 | +4.5% | -0.2 pp |
| 1999 | +4.7% | +0.8 pp |
| 1998 | +3.9% | +0.2 pp |
| 1997 | +3.7% | +1.5 pp |
| 1996 | +2.2% | +0.5 pp |
| 1995 | +1.7% | +1.7 pp |
| 1994 | 0.0% | -2.1 pp |
| 1993 | +2.1% | +0.9 pp |
| 1992 | +1.2% | +7.5 pp |
| 1991 | -6.3% | -9.4 pp |
| 1990 | +3.1% | -1.0 pp |
| 1989 | +4.1% | +0.7 pp |
| 1988 | +3.4% | +2.2 pp |
| 1987 | +1.2% | -0.8 pp |
| 1986 | +2.0% | +0.8 pp |
| 1985 | +1.2% | -0.6 pp |
| 1984 | +1.8% | +0.9 pp |
| 1983 | +0.9% | +2.8 pp |
| 1982 | -1.9% | +7.9 pp |
| 1981 | -9.8% | -10.6 pp |
| 1980 | +0.8% | — |
4. Madagascar GDP Growth Performance
Current Growth Rate
+3.6%
(2026 to 2026)
5-Year Average
+3.8%
(2022 to 2026)
10-Year Average
+2.8%
(2017 to 2026)
20-Year Average
+2.7%
(2007 to 2026)
The economy benefits from mineral resources, textile exports, and tourism potential, but weak infrastructure and climate vulnerability constrain productivity.
5. Madagascar GDP Growth Rate vs Africa and World
Madagascar
+3.6%
Africa Average
+4.1%
World Average
+2.8%
0.0%
2.1%
4.1%
Annual real GDP growth (%)
Madagascar’s GDP growth rate is approximately
0.5 pp
below the
Africa average
and
0.8 pp
above the world average.
6. Madagascar GDP Growth Rate Ranking in Africa
| Rank | Country | GDP Growth Rate |
|---|---|---|
| #31 | Nigeria | +4.1% |
| #32 | Eswatini | +4.0% |
| #33 | Burundi | +3.8% |
| #34 | Algeria | +3.8% |
| #35 | Madagascar | +3.6% |
| #36 | Mauritius | +3.4% |
| #37 | Sao Tome & Principe | +3.4% |
| #38 | Cameroon | +3.3% |
| #39 | Congo | +2.8% |
7. Top 10 Fastest-Growing Countries in the World (2026)
8. GDP Growth Rate and Economy Size in Madagascar
Madagascar GDP (Nominal)
$21.2 Billion
(2026)
Madagascar GDP Growth Rate
+3.6%
(2026)
Madagascar can grow faster than mature economies from a low base, but political and climate risks often weaken performance relative to stronger African peers.
Explore more:
Madagascar GDP
9. Madagascar GDP Growth Rate Forecast
The outlook depends on agriculture, mining, tourism, investment, and governance. Climate shocks and weak institutions remain major challenges.
| Year | GDP Growth Rate | Change |
|---|---|---|
| 2027 | +4.1% | +0.5 pp |
| 2028 | +4.6% | +0.5 pp |
| 2029 | +4.7% | +0.1 pp |
| 2030 | +4.8% | +0.1 pp |
10. Madagascar GDP Growth Rate: Key Findings
Madagascar GDP growth rate is estimated at +3.6% in 2026.
It ranks #69 globally and #35 in Africa by annual GDP growth rate.
The growth rate accelerated by 0.8 percentage points compared with 2025.
The 5-year average GDP growth rate is +3.8%.
The 10-year average GDP growth rate is +2.8%.
The current rate is 0.5 percentage points below the Africa average.
The current rate is 0.8 percentage points above the world average.
The forecast GDP growth rate is +4.8% in 2030, 1.2 percentage points above the 2026 rate.
11. What Is GDP Growth Rate?
GDP growth rate measures the percentage change in a country’s real gross domestic product from one period to the next, usually year over year.
GDP Growth Rate
=
(Real GDPₜ − Real GDPₜ₋₁)
÷
Real GDPₜ₋₁ × 100
A positive rate indicates economic expansion, while a negative rate indicates contraction. Real GDP growth is preferred for growth comparisons because it adjusts for price changes.
12. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Source:
World Bank
Measure:
Annual percentage change in real GDP
Unit:
Percent (%)
Comparisons:
Year-to-year rate differences are shown in percentage points (pp)
Update Frequency:
Annually and when new forecasts are released
Last Updated:
November 2026
13. Madagascar GDP Growth Rate FAQs
Madagascar GDP growth rate is estimated at +3.6% in 2026.
Madagascar ranks #69 globally and #35 in Africa by annual GDP growth rate.
The economy is expanding, with real GDP growth of approximately +3.6% in 2026.
Madagascar GDP growth rate was +3.1% in 2015.
Madagascar GDP growth rate is 0.5 percentage points below the Africa average.
15. Explore GDP Growth Rate
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.