World Business Council







MADAGASCAR

Madagascar, with a population of approximately 30 million and a GDP of around $16 billion in 2023, has a diverse economy primarily driven by agriculture, mining, and tourism. The per capita income is about $500. Key exports include vanilla, nickel, and cloves. Madagascar is focusing on improving infrastructure and developing its mining and tourism sectors.

Despite economic challenges, the country offers opportunities for foreign direct investment (FDI) in agriculture, mining, and tourism, supported by ongoing reforms to enhance the business environment.

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