Central & South America
Asia & Middle East
Southeast Asia & Oceania
Agriculture, including fishing and forestry accountis for more than 25% of GDP and employs roughly 80% of the population. Madagascar produces around 80% of the world’s vanilla and relies on this commodity for most of its foreign exchange.
Madagascar lost duty-free access to the US market (AGOA) in 2010, erasing most of its thriving textile industry. It regained access in 2015 but ensuing growth has been slow and fragile.
The population is predominantly rural and poor; chronic malnutrition is prevalent, and large families are the norm.
The currency experience a sharp depreciation since 2014, losing roughly 40% of its value.
Medium. An ongoing IMF program aims to strengthen financial and investment management capacity.
The 2007 Constitution indicated English as one of the official languages of the country, but its status was withdrawn during the 2010 referendum. English remains the major foreign language and it is understood especially in urban areas.
Extremely high level of corruption.
Visit our Explore Opportunities page and connect with thousands of companies in Africa that are looking for a partner abroad.
Exports from Africa are in great demand from all over the world, you just need to find the right Africa opportunity for your business.
Whether you are looking for Madagascar export, Madagascar import, or to invest in Madagascar, you can use Globartis for doing business in Madagascar.
You can look for Malagasy companies or for companies in Antananarivo, the capital city and one of the best places for Africa opportunity in business.
Join now for free and start doing business in Africa!
Find partners for your Africa business on Globartis!
Copyright © Globartis 2021 - Version 3.1.7 - Last update 06-jun-21 - Powered with by Giplo