Madagascar

Sub-Saharan Africa

Score

High RiskNR

High Risk Investment Destination

Unstable conditions - speculative only, high potential loss

Score Breakdown

Economic Health (30%)22

Political Safety (25%)18

Business Climate (20%)22

Financial Strength (15%)18

Growth Potential (10%)32

Investment Profile

Score History

How Madagascar's investment score has evolved over time

2021: 20/100+2 pts since 20212025: 22/100

Economic

GDP$16B

GDP Growth4.0%

GDP per Capita$520

Inflation9.5%

Current Account-5.5% GDP

Financial & Fiscal

Government Debt48% GDP

FDI Inflows2.5% GDP

Trade Openness55%

Credit RatingNR

Governance (WGI)

Political Stability-0.5

Rule of Law-0.8

Corruption Control-0.7

Regulatory Quality-0.6

Population30M

Pop. Growth2.6%

Sector Investment Analysis

Mining (Nickel, Cobalt)

5% of GDP

growing52

Textiles

5% of GDP

stable40

Agriculture

25% of GDP

stable38

Tourism

3% of GDP

growing35