Eritrea vs Madagascar: Economic Indicators Comparison

Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while Eritrea ranked 170th with $2.6B. By GDP 5-years average growth and GDP per capita, Madagascar and Eritrea ranked 55th vs 79th and 190th vs 178th, respectively.

Gross Domestic Product & Income

StatEritreaMadagascar
GDP$2.6B$13.9B
GDP growth, 1 year4.2%5.2%
GDP growth, 5-years average3.3%4%
Population3.5M25.6M
GDP per capita$811$528
GDP per capita growth7.21%1.81%
Purchasing Power Parity conversion factor5.93929.9
Price level ratio of PPP conversion factor GDP to market exchange rate0.390.28
GDP per capita, PPP adjusted$1.7k$1.6k
GNI, Atlas method$2.3B$13.3B
GNI per capita$720$510
GNI, PPP adjusted$6.7B$48.2B
GNI per capita, PPP adjusted$2.1k$1.8k

Financial system and Human development

StatEritreaMadagascar
Income Tax Rate30%20%
Corporate Tax Rate30%20%
Inflation, consumer prices9%7.3%
Inflation, GDP deflator13.3%7.6%
Unemployment6.5%1.7%
Economic Freedom Index38.560.5
Personal Freedom Index4.87.29
Human Freedom Index4.86.69
Property Rights Index32.545.6
Judical Effectiveness Index14.339.6
Business Freedom Index18.247.3
Fiscal Health Index090.6
Labor Freedom Index69.744.6
Investment Freedom Index055
Financial Freedom Index2050
Trade Freedom Index69.273.6
Monetary Freedom Index6172.7
Government Spending Index74.791.5
Tax Burden Index81.490.7
Government Integrity Index21.425
Corruption Perceptions Index2425
Life expectancy at birth, years65.566.3
Suicide mortality rate, per 100,000 people7.93.9
Mortality caused by road traffic injury, per 100,000 people25.328.6
Intentional homicides, per 100,000 people87.7
International tourism, number of arrivals142k291k

Government debt & reserves

StatEritreaMadagascar
Central government debt, % of GDP129.4%39.7%
External debt stocks, % of GNI40.8%31.8%
External debt stocks$791.2M$3.7B
Short-term debt, % of total reserves16%15.6%
Total debt service, % of exports and primary income4.3%2.7%
Adjusted net savings including particulate emission damage, % of GNI0.5%7.7%
Gross savings, % of GDP15.8%18.6%
Gross capital formation, % of GDP10%19.6%
Total reserves including gold$114.8M$1.7B
Foreign direct investment net inflows$61M$612M

Exports, imports and economic structure

StatEritreaMadagascar
Exports of goods and services, % of GDP14.4%28.7%
Imports of goods and services, % of GDP23.2%33.8%
Current account balance (balance of payments)-$104.7M$80.1M
Revenue excluding grants, % of GDPN/A11.4%
Grants excluding technical cooperation, BoP$82M$373.7M
Personal remittances received$3.3M$425.5M
Industry including construction value added, % of GDP21.8%23.1%
Agriculture, forestry and fishing value added, % of GDP14.1%23.8%
Charges for the use of intellectual property, payments BoP$281k$17.1M
Charges for the use of intellectual property, receipts BoP$94k$4.5M
Expense, % of GDPN/A9.8%
Government Expenditure, % of GDP29.1%16.8%

Compare with countries close by GDP per capita

Eritrea vs

CountryGDP
per capita
Population
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
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
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

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
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
Burundi
$272
10.9M