Madagascar GDP

Madagascar's economy relies on agriculture, mining, and services. Vanilla, cloves, and coffee are key agricultural exports, with Madagascar being one of the largest vanilla producers globally. Mining contributes through nickel, cobalt, and precious stones. Tourism highlights the island's biodiversity, though political instability has slowed its growth. Most of the population depends on subsistence farming. Infrastructure and governance challenges hinder development, while poverty remains widespread. Still, agriculture, mining, and ecotourism offer strong potential for GDP expansion. Long-term, improving infrastructure and diversifying exports will be crucial for sustaining growth and reducing vulnerability to external shocks.

World Bank GDP economic data: 2010-2024. Last updated Apr 2026. See Madagascar GDP per capita.

Madagascar GDP Statistics by Year