Cyprus vs Madagascar: Economic Indicators Comparison

Cyprus with a GDP of $25B ranked the 109th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Cyprus and Madagascar ranked 99th vs 55th and 36th vs 190th, respectively.

Gross Domestic Product & Income

StatCyprusMadagascar
GDP$25B$13.9B
GDP growth, 1 year3.9%5.2%
GDP growth, 5-years average2.8%4%
Population1.1M25.6M
GDP per capita$28k$528
GDP per capita growth2.75%1.81%
Purchasing Power Parity conversion factor0.63929.9
Price level ratio of PPP conversion factor GDP to market exchange rate0.740.28
GDP per capita, PPP adjusted$40k$1.6k
GNI, Atlas method$24.9B$13.3B
GNI per capita$26k$510
GNI, PPP adjusted$34.7B$48.2B
GNI per capita, PPP adjusted$35k$1.8k

Financial system and Human development

StatCyprusMadagascar
Income Tax Rate35%20%
Corporate Tax Rate12.5%20%
Inflation, consumer prices0.8%7.3%
Inflation, GDP deflator1.4%7.6%
Unemployment8.1%1.7%
Economic Freedom Index70.160.5
Personal Freedom Index8.967.29
Human Freedom Index8.396.69
Property Rights Index77.445.6
Judical Effectiveness Index50.539.6
Business Freedom Index76.647.3
Fiscal Health Index8090.6
Labor Freedom Index59.744.6
Investment Freedom Index7555
Financial Freedom Index6050
Trade Freedom Index86.473.6
Monetary Freedom Index84.372.7
Government Spending Index58.691.5
Tax Burden Index74.890.7
Government Integrity Index57.625
Corruption Perceptions Index5925
Life expectancy at birth, years80.766.3
Suicide mortality rate, per 100,000 people5.33.9
Mortality caused by road traffic injury, per 100,000 people5.128.6
Intentional homicides, per 100,000 people0.67.7
International tourism, number of arrivals3.9M291k

Government debt & reserves

StatCyprusMadagascar
Central government debt, % of GDP102.5%39.7%
External debt stocks, % of GNIN/A31.8%
External debt stocksN/A$3.7B
Short-term debt, % of total reservesN/A15.6%
Total debt service, % of exports and primary incomeN/A2.7%
Adjusted net savings including particulate emission damage, % of GNI3.2%7.7%
Gross savings, % of GDP21.8%18.6%
Gross capital formation, % of GDP19.1%19.6%
Total reserves including gold$924.2M$1.7B
Foreign direct investment net inflows$5.2B$612M

Exports, imports and economic structure

StatCyprusMadagascar
Exports of goods and services, % of GDP73.1%28.7%
Imports of goods and services, % of GDP72.3%33.8%
Current account balance (balance of payments)-$1.1B$80.1M
Revenue excluding grants, % of GDP37.4%11.4%
Grants excluding technical cooperation, BoP$34.2M$373.7M
Personal remittances received$497.8M$425.5M
Industry including construction value added, % of GDP12.2%23.1%
Agriculture, forestry and fishing value added, % of GDP2%23.8%
Charges for the use of intellectual property, payments BoP$127.2M$17.1M
Charges for the use of intellectual property, receipts BoP$174k$4.5M
Expense, % of GDP35.4%9.8%
Government Expenditure, % of GDP37.1%16.8%

Compare with countries close by GDP per capita

Cyprus vs

CountryGDP
per capita
Population
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M
Bahrain
$24k
1.49M
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M

Madagascar vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M