Belarus vs Madagascar: Economic Indicators Comparison
Belarus with a GDP of $59.7B ranked the 78th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Belarus and Madagascar ranked 167th vs 55th and 97th vs 190th, respectively.
Gross Domestic Product & Income
| Stat |  Belarus |  Madagascar |
|---|---|---|
| GDP | $59.7B | $13.9B |
| GDP growth, 1 year | 3% | 5.2% |
| GDP growth, 5-years average | 0.2% | 4% |
| Population | 9.4M | 25.6M |
| GDP per capita | $6.3k | $528 |
| GDP per capita growth | 3.19% | 1.81% |
| Purchasing Power Parity conversion factor | 0.64 | 929.9 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.31 | 0.28 |
| GDP per capita, PPP adjusted | $20k | $1.6k |
| GNI, Atlas method | $53.8B | $13.3B |
| GNI per capita | $5.7k | $510 |
| GNI, PPP adjusted | $182.5B | $48.2B |
| GNI per capita, PPP adjusted | $19k | $1.8k |
Financial system and Human development
| Stat | Belarus | Madagascar |
|---|---|---|
| Income Tax Rate | 13% | 20% |
| Corporate Tax Rate | 18% | 20% |
| Inflation, consumer prices | 4.9% | 7.3% |
| Inflation, GDP deflator | 11.6% | 7.6% |
| Unemployment | 5.7% | 1.7% |
| Economic Freedom Index | 61.7 | 60.5 |
| Personal Freedom Index | 6.24 | 7.29 |
| Human Freedom Index | 6.16 | 6.69 |
| Property Rights Index | 63.2 | 45.6 |
| Judical Effectiveness Index | 48.4 | 39.6 |
| Business Freedom Index | 76.4 | 47.3 |
| Fiscal Health Index | 95.4 | 90.6 |
| Labor Freedom Index | 74.8 | 44.6 |
| Investment Freedom Index | 30 | 55 |
| Financial Freedom Index | 20 | 50 |
| Trade Freedom Index | 82 | 73.6 |
| Monetary Freedom Index | 69.8 | 72.7 |
| Government Spending Index | 54.1 | 91.5 |
| Tax Burden Index | 88.8 | 90.7 |
| Government Integrity Index | 37.4 | 25 |
| Corruption Perceptions Index | 44 | 25 |
| Life expectancy at birth, years | 74.1 | 66.3 |
| Suicide mortality rate, per 100,000 people | 26.2 | 3.9 |
| Mortality caused by road traffic injury, per 100,000 people | 8.9 | 28.6 |
| Intentional homicides, per 100,000 people | 3.6 | 7.7 |
| International tourism, number of arrivals | 11.5M | 291k |
Government debt & reserves
| Stat | Belarus | Madagascar |
|---|---|---|
| Central government debt, % of GDP | 47.8% | 39.7% |
| External debt stocks, % of GNI | 67.7% | 31.8% |
| External debt stocks | $38.8B | $3.7B |
| Short-term debt, % of total reserves | 134.2% | 15.6% |
| Total debt service, % of exports and primary income | 13.5% | 2.7% |
| Adjusted net savings including particulate emission damage, % of GNI | 21.2% | 7.7% |
| Gross savings, % of GDP | 28.8% | 18.6% |
| Gross capital formation, % of GDP | 27.5% | 19.6% |
| Total reserves including gold | $7.2B | $1.7B |
| Foreign direct investment net inflows | $1.4B | $612M |
Exports, imports and economic structure
| Stat | Belarus | Madagascar |
|---|---|---|
| Exports of goods and services, % of GDP | 70.2% | 28.7% |
| Imports of goods and services, % of GDP | 69.1% | 33.8% |
| Current account balance (balance of payments) | -$34.4M | $80.1M |
| Revenue excluding grants, % of GDP | 29.5% | 11.4% |
| Grants excluding technical cooperation, BoP | $56.2M | $373.7M |
| Personal remittances received | $1.4B | $425.5M |
| Industry including construction value added, % of GDP | 31.5% | 23.1% |
| Agriculture, forestry and fishing value added, % of GDP | 6.4% | 23.8% |
| Charges for the use of intellectual property, payments BoP | $178.6M | $17.1M |
| Charges for the use of intellectual property, receipts BoP | $66.1M | $4.5M |
| Expense, % of GDP | 29.3% | 9.8% |
| Government Expenditure, % of GDP | 39.1% | 16.8% |
