Economy of Madagascar
Madagascar has a developing economy. It generated US$19.38 billion in gross domestic product (GDP) as of 2025, being a market economy and is supported by an agricultural industry and emerging tourism, textile and mining industries. Malagasy agriculture produces tropical staple crops such as rice and cassava, as well as cash crops such as vanilla and coffee. Madagascar's status as a developing nation exempts Malagasy exports from customs protocol in some areas, notably the United States and the European Union. These exemptions have supported the growth of the Malagasy textile industry. Despite natural resources and developing industries, the 2009 Malagasy political crisis—considered by the international community to be an illegal coup—deterred foreign investments in Madagascar and caused the Malagasy economy to decline. Foreign investments have resumed following the resumption of elections in early 2014. Madagascar is a least developed country according to United Nations.
Read on Wikipedia · Image Александра Пугачевская (Alexandra Pugachevsky), CC BY-SA 3.0
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