Nominal GDP $15.763B, Per capita GDP $529.56, Population 30,325,732, Debt to GDP 54.0%. Inflation 16.8%, Unemployment 1.8%, Labor force participation rate 71.35%, Land area 224,632 sq miles. Arable land 5.6%, Urban 80% Rural 20%, Exports $4.25B, Imports $5.45B, Trade Deficit $0.2B.
The top exports of Madagascar are Raw Nickel ($929M), Vanilla ($583M), Cloves ($309M), Cobalt ($224M), and Non-Knit Men's Suits ($152M), exporting
mostly to United States ($756M), France ($634M),
China ($538M), Japan ($448M), and Germany ($162M).
The top imports of Madagascar are Refined Petroleum ($625M), Rice ($299M), Palm Oil ($187M), Light Rubberized Knitted Fabric ($159M), and Sulphur ($133M), importing mostly from China ($1.33B), India ($533M), France ($472M), Oman ($337M), and South Africa ($315M).
Madagascar is a mostly unregulated economy with many untapped natural resources, but no capital markets, a weak judicial system, poorly enforced contracts, and rampant government corruption. The country faces challenges to improve education, healthcare, and the environment to boost long-term economic growth.
https://oec.world/en/profile/country/mdg
Norb Leahy, Dunwoody GA Tea Party Leader
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