This Selected Issues paper analyzes recent economic developments and policies in Madagascar. Real GDP growth in 2001 was 6 percent, continuing the trend of sustained increase in per capita real GDP that began during the period 1997–2000. The secondary and tertiary sectors were the main...

In July and August, merchandise exports were down by 2 percent year-on-year, the level of foreign orders by 5 percent. Latest results from the quarterly WIFO survey among industrial enterprises also show a marked weakening of business confidence. Over the last twelve months more than 17,000...