Country profile · Sovereign risk
🇲🇬
Madagascar
East Africa·MDG·MGA
Currency
MGA
Public projects
34
Published public projects
Reference data
2024–2025
Macroeconomic periods
Ratings & sovereign risk
RicherFin Ratings
The analysis behind the rating.
The RicherFin file presents risk drivers, their sources and limitations, separately from agency ratings.
| Agency | Rating | Outlook |
|---|---|---|
| S&P | B- | Stable |
Sources and reference dates are listed below.
Economic indicators
Each indicator retains its period| Indicator | Value | Period |
|---|---|---|
| Real GDP growth | 3.0% | 2025 |
| Current account / GDP | -4.3% | 2024 |
| Inflation | 8.1% | 2025 |
| GDP per capita | USD 599 | 2025 |
| Trade openness | 54.2% | 2025 |
Access the markets
Existing RicherFin pagesPublic projects & infrastructure
34 projects →Sources & data scope
Economic indicator sources
Real GDP growth · 2025 · World Bank · Primary source →
Current account / GDP · 2024 · World Bank · Primary source →
Inflation · 2025 · World Bank · Primary source →
GDP per capita · 2025 · World Bank · Primary source →
Trade openness · 2025 · World Bank · Primary source →
RicherFin and agency ratings
The RicherFin opinion is distinct from agency ratings. A dash indicates an unavailable value.
S&P · B- · · Source →