Gross Domestic Product for Madagascar
MKTGDPMGA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
17,420,814,800.70
Year-over-Year Change
50.45%
Date Range
1/1/1960 - 1/1/2024
Summary
The Gross Domestic Product (GDP) for Madagascar measures the total value of all goods and services produced within the country. It is a key indicator of economic growth and development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
GDP is the broadest measure of a country's economic activity and serves as an important barometer of its overall economic health. Economists and policymakers closely monitor Madagascar's GDP to understand the nation's macroeconomic performance and guide economic policies.
Methodology
The data is collected and calculated by the World Bank based on national accounts information.
Historical Context
Madagascar's GDP trends are closely watched by international institutions, investors, and analysts to assess the country's economic trajectory and investment climate.
Key Facts
- Madagascar's GDP was $14.15 billion in 2021.
- GDP per capita in Madagascar was $487 in 2021.
- Madagascar's GDP grew by 4.4% in 2021 after contracting in 2020.
FAQs
Q: What does this economic trend measure?
A: The Gross Domestic Product (GDP) for Madagascar measures the total value of all goods and services produced within the country during a given period.
Q: Why is this trend relevant for users or analysts?
A: Madagascar's GDP is a key indicator of the country's overall economic performance and serves as an important benchmark for economists, policymakers, and investors to assess the nation's macroeconomic conditions and growth potential.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank based on national accounts information provided by the Government of Madagascar.
Q: How is this trend used in economic policy?
A: Trends in Madagascar's GDP are closely monitored by the government, international institutions, and investors to inform economic policies, investment decisions, and assessments of the country's economic trajectory.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent GDP data due to the time required for data collection and processing by the World Bank.
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MDGFCBMLNUM
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Citation
U.S. Federal Reserve, Gross Domestic Product for Madagascar (MKTGDPMGA646NWDB), retrieved from FRED.