Madagascar GDP per Capita

Madagascar’s GDP per capita stood at 616.22 international dollars in 2025, marking its highest recorded level and reflecting gradual economic progress since the trough of 131.69 in 1960. Over the 66-year period, the country has experienced persistent income stagnation relative to global standards, ranking 183rd worldwide. Despite the 2025 peak, Madagascar’s economic output per person remains below that of regional peers such as Mozambique, which recorded 690.01, and slightly under Malawi’s 622.47, indicating constrained structural transformation and limited industrial diversification. The long-term growth trajectory has been shaped by political instability, recurrent climate shocks, and underdeveloped infrastructure, all of which have hindered sustained investment and productivity gains. While recent improvements suggest modest momentum, the narrow base of economic activity and high population growth continue to pressure per capita income gains. Sustained expansion in agriculture, education, and private sector development would be essential to alter the current trajectory. Without deeper reforms and increased resilience to external shocks, the pace of improvement in GDP per capita is likely to remain slow in the coming decade.