. .
[TOP] |
Madagascar Economy 1997https://photius.com/wfb1997/madagascar/madagascar_economy.htmlSOURCE: 1997 CIA WORLD FACTBOOK Economy - overview Madagascar suffers from chronic malnutrition, underfunded health andeducation facilities, a roughly 3% annual population growth rate, and severeloss of forest cover, accompanied by erosion. Agriculture, including fishingand forestry, is the mainstay of the economy, accounting for 33% of GDP andcontributing more than 70% to export earnings. Industry features the processingof agricultural products and textile manufacturing. Growth in output in 1992-95averaged only 1.4%, less than half the growth rate of the population. Growthhas been held back by antigovernment strikes and demonstrations, a declinein world coffee demand, and the erratic commitment of the government to economicreform. Formidable obstacles stand in the way of Madagascar's realizing itsconsiderable growth potential; the extent of government reforms, outside financialaid, and foreign investment will be key determinants. GDP purchasing power parity - $12.1 billion (1996 est.) GDP - real growth rate 3.5% (1996 est.) GDP - per capita purchasing power parity - $880 (1996 est.) GDP - composition by sector
Inflation rate - consumer price index 47% (1995 est.) Labor force
Unemployment rate NA% Budget
Industries meat processing, soap, breweries, tanneries, sugar, textiles, glassware,cement, automobile assembly plant, paper, petroleum, tourism Industrial production growth rate 3.8% (1993 est.) Electricity - capacity 208,000 kW (1991) Electricity - production 450 million kWh (1991) Electricity - consumption per capita 36 kWh (1992) Agriculture - products coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava (tapioca),beans, bananas, peanuts; livestock products Exports
Imports
Debt - external $4.4 billion (1996 est.) Economic aid
Currency 1 Malagasy franc (FMG) = 100 centimes Exchange rates Malagasy francs (FMG) per US$1 - 3,950 (November 1996), 3,974.9 (August1996), 4,265.6 (1995), 3,067.3 (1994), 1,913.8 (1993), 1,864.0 (1992) Fiscal year
calendar year
NOTE: The information regarding Madagascar on this page is re-published from the 1997 World Fact Book of the United States Central Intelligence Agency. No claims are made regarding the accuracy of Madagascar Economy 1997 information contained here. All suggestions for corrections of any errors about Madagascar Economy 1997 should be addressed to the CIA. |