Madagascar Economy - 1986

GEOGRAPHICAL NAMES 

GDP: $2.4 billion (1984), about $250 per capita; real growth rate 2.1% (1984)

Natural resources: graphite, chrome, coal, bauxite, ilmenite, tarsands, semiprecious stones

Agriculture: cash crops—coffee, vanilla, cloves, sugar, tobacco, sisal, raffia; pepper; cocoa; food crops—rice, cassava, cereals, potatoes, corn, beans, bananas, coconuts, and peanuts; animal husbandry widespread; imports some rice, milk, and cereal

Fishing: catch 54,500 (1983); marketed output—22,150 metric tons fish (1984 prov.); 6,695 metric tons shellfish (1984 prov.)

Major industries: agricultural processing (meat canneries, soap factories, brewery, tanneries, sugar refining), light consumer goods industries (textiles, glassware), cement plant, auto assembly plant, paper mill, oil refinery

Electric power: 114,000 kW capacity (1985); 402 million kWh produced (1985), 40 kWh per capita

Exports: $350 million (f.o.b., 1985 est ); coffee, vanilla, sugar, cloves; agricultural and livestock products account for about 85% of export earnings

Imports: $353 million (f.o.b., 1985 est.); raw materials, intermediate goods, foodstuffs

Major trade partners: France, other EC, US, Saudi Arabia; trade with Communist countries remains a minute part of total trade

Budget: 1984 overall government operations (1984)—total revenues, $420 million; current expenditures, $300 million; capital expenditures, $150 million; other expenditures, $90 million

External debt: (1984) $2.2 billion disbursed; debt service payment 33% of exports after rescheduling

Monetary conversion rate: 621.12 Malagasy francs=US$l (October 1984)

Fiscal year calendar year

NOTE: The information regarding Madagascar on this page is re-published from the 1986 World Fact Book of the United States Central Intelligence Agency and other sources. No claims are made regarding the accuracy of Madagascar 1986 information contained here. All suggestions for corrections of any errors about Madagascar 1986 should be addressed to the CIA or the source cited on each page.