Australia vs Madagascar: Economic Indicators Comparison
Australia with a GDP of $1.4T ranked the 13th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Australia and Madagascar ranked 111th vs 55th and 13th vs 190th, respectively.
Gross Domestic Product & Income
| Stat |  Australia |  Madagascar |
|---|---|---|
| GDP | $1.4T | $13.9B |
| GDP growth, 1 year | 2.8% | 5.2% |
| GDP growth, 5-years average | 2.6% | 4% |
| Population | 24.5M | 25.6M |
| GDP per capita | $57k | $528 |
| GDP per capita growth | 1.33% | 1.81% |
| Purchasing Power Parity conversion factor | 1.43 | 929.9 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 1.11 | 0.28 |
| GDP per capita, PPP adjusted | $52k | $1.6k |
| GNI, Atlas method | $1.3T | $13.3B |
| GNI per capita | $53k | $510 |
| GNI, PPP adjusted | $1.3T | $48.2B |
| GNI per capita, PPP adjusted | $50k | $1.8k |
Financial system and Human development
| Stat | Australia | Madagascar |
|---|---|---|
| Income Tax Rate | 45% | 20% |
| Corporate Tax Rate | 30% | 20% |
| Inflation, consumer prices | 2% | 7.3% |
| Inflation, GDP deflator | 1.9% | 7.6% |
| Unemployment | 5.4% | 1.7% |
| Economic Freedom Index | 82.6 | 60.5 |
| Personal Freedom Index | 9.29 | 7.29 |
| Human Freedom Index | 8.73 | 6.69 |
| Property Rights Index | 82.8 | 45.6 |
| Judical Effectiveness Index | 86.1 | 39.6 |
| Business Freedom Index | 87.8 | 47.3 |
| Fiscal Health Index | 91.8 | 90.6 |
| Labor Freedom Index | 84 | 44.6 |
| Investment Freedom Index | 80 | 55 |
| Financial Freedom Index | 90 | 50 |
| Trade Freedom Index | 88.2 | 73.6 |
| Monetary Freedom Index | 86.2 | 72.7 |
| Government Spending Index | 61.6 | 91.5 |
| Tax Burden Index | 63 | 90.7 |
| Government Integrity Index | 89.3 | 25 |
| Corruption Perceptions Index | 77 | 25 |
| Life expectancy at birth, years | 82.5 | 66.3 |
| Suicide mortality rate, per 100,000 people | 13.2 | 3.9 |
| Mortality caused by road traffic injury, per 100,000 people | 5.6 | 28.6 |
| Intentional homicides, per 100,000 people | 0.8 | 7.7 |
| International tourism, number of arrivals | 9.2M | 291k |
Government debt & reserves
| Stat | Australia | Madagascar |
|---|---|---|
| Central government debt, % of GDP | 40.7% | 39.7% |
| External debt stocks, % of GNI | N/A | 31.8% |
| External debt stocks | N/A | $3.7B |
| Short-term debt, % of total reserves | N/A | 15.6% |
| Total debt service, % of exports and primary income | N/A | 2.7% |
| Adjusted net savings including particulate emission damage, % of GNI | 5.6% | 7.7% |
| Gross savings, % of GDP | 21.7% | 18.6% |
| Gross capital formation, % of GDP | 24.5% | 19.6% |
| Total reserves including gold | $53.9B | $1.7B |
| Foreign direct investment net inflows | $60.3B | $612M |
Exports, imports and economic structure
| Stat | Australia | Madagascar |
|---|---|---|
| Exports of goods and services, % of GDP | 21.8% | 28.7% |
| Imports of goods and services, % of GDP | 21.4% | 33.8% |
| Current account balance (balance of payments) | -$29.7B | $80.1M |
| Revenue excluding grants, % of GDP | 25.7% | 11.4% |
| Grants excluding technical cooperation, BoP | N/A | $373.7M |
| Personal remittances received | $1.9B | $425.5M |
| Industry including construction value added, % of GDP | 24.1% | 23.1% |
| Agriculture, forestry and fishing value added, % of GDP | 2.5% | 23.8% |
| Charges for the use of intellectual property, payments BoP | $3.6B | $17.1M |
| Charges for the use of intellectual property, receipts BoP | $973.4M | $4.5M |
| Expense, % of GDP | 26.1% | 9.8% |
| Government Expenditure, % of GDP | 35.8% | 16.8% |
