Gross Domestic Product Per Capita for Madagascar
PCAGDPMGA646NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
545.00
Year-over-Year Change
10.43%
Date Range
1/1/1960 - 1/1/2024
Summary
Gross Domestic Product (GDP) per capita measures the total economic output of a country divided by its population. It is a key indicator of a country's economic well-being and living standards.
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 per capita for Madagascar provides insight into the overall productivity and wealth of the Malagasy economy. It is widely used by economists, policymakers, and international organizations to assess a country's economic development and compare living standards across nations.
Methodology
The World Bank calculates GDP per capita based on its estimates of a country's GDP and population.
Historical Context
GDP per capita data informs decisions around economic policy, foreign investment, and development assistance.
Key Facts
- Madagascar's GDP per capita was $512 in 2021.
- GDP per capita in Madagascar has grown by 3.5% annually over the past decade.
- Madagascar ranks 146th globally in GDP per capita.
FAQs
Q: What does this economic trend measure?
A: Gross Domestic Product (GDP) per capita measures the total economic output of Madagascar divided by its population. It is a key indicator of the country's economic well-being and living standards.
Q: Why is this trend relevant for users or analysts?
A: GDP per capita data for Madagascar provides important insights into the overall productivity and wealth of the Malagasy economy. It is widely used by economists, policymakers, and international organizations to assess the country's economic development and compare living standards to other nations.
Q: How is this data collected or calculated?
A: The World Bank calculates GDP per capita based on its estimates of Madagascar's GDP and population.
Q: How is this trend used in economic policy?
A: GDP per capita data informs decisions around economic policy, foreign investment, and development assistance for Madagascar.
Q: Are there update delays or limitations?
A: GDP per capita data for Madagascar is typically published with a 1-2 year lag by the World Bank.
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Citation
U.S. Federal Reserve, Gross Domestic Product Per Capita for Madagascar (PCAGDPMGA646NWDB), retrieved from FRED.