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African Development Bank (Abidjan)

Economic Forecast for Madagascar Shows Growth in 2024 & 2025

The African Development Bank Group's Country Report 2024, published in Antananarivo by the Bank's Country Office in conjunction with the government of Madagascar on Wednesday 31 July 2024, forecasts vigorous economic activity for Madagascar, with expected growth of 4.5 percent in 2024, climbing to 5.3 percent in 2025. Growth on the Grande Île was 4.4 percent in 2023, compared with 4.3 percent in 2022. Find out more. 

More on the AfDB AllAfrica page.

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Mohammad Al-Arief | World Bank.

Children in the village of Ambohimahatsinjo in rural Madagascar.

AfDB

Adam Amoumoun (top left), the Bank’s Country Manager in Madagascar, the Bank’s Country Economist for Madagascar, Hamaciré Dicko (top right) and the chief of staff of the Minister of the Economy and Finance, Florence Andrianaivohery (below) at the launch of the report on Madagascar’s economic outlook for 2024.

Henitsoa Rafalia | World Bank

Andohatapenaka Bus Station in Madagascar April 9, 2020. Passengers leaving Antananarivo to return to their home towns due to the prolonged lockdowns during the COVID pandemic.

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