Ghana vs Madagascar: Economic Indicators Comparison
Ghana with a GDP of $65.6B ranked the 73rd largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Ghana and Madagascar ranked 46th vs 55th and 142nd vs 190th, respectively.
Gross Domestic Product & Income
| Stat |  Ghana |  Madagascar |
|---|---|---|
| GDP | $65.6B | $13.9B |
| GDP growth, 1 year | 5.6% | 5.2% |
| GDP growth, 5-years average | 4.5% | 4% |
| Population | 26.9M | 25.6M |
| GDP per capita | $2.2k | $528 |
| GDP per capita growth | 3.96% | 1.81% |
| Purchasing Power Parity conversion factor | 2.13 | 929.9 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.46 | 0.28 |
| GDP per capita, PPP adjusted | $6.5k | $1.6k |
| GNI, Atlas method | $63.4B | $13.3B |
| GNI per capita | $2.1k | $510 |
| GNI, PPP adjusted | $138.5B | $48.2B |
| GNI per capita, PPP adjusted | $4.7k | $1.8k |
Financial system and Human development
| Stat | Ghana | Madagascar |
|---|---|---|
| Income Tax Rate | 35% | 20% |
| Corporate Tax Rate | 25% | 20% |
| Inflation, consumer prices | 9.8% | 7.3% |
| Inflation, GDP deflator | 10.2% | 7.6% |
| Unemployment | 6.7% | 1.7% |
| Economic Freedom Index | 59.4 | 60.5 |
| Personal Freedom Index | 7.64 | 7.29 |
| Human Freedom Index | 7.21 | 6.69 |
| Property Rights Index | 52.5 | 45.6 |
| Judical Effectiveness Index | 46.1 | 39.6 |
| Business Freedom Index | 58.4 | 47.3 |
| Fiscal Health Index | 35.6 | 90.6 |
| Labor Freedom Index | 59.3 | 44.6 |
| Investment Freedom Index | 70 | 55 |
| Financial Freedom Index | 60 | 50 |
| Trade Freedom Index | 63.8 | 73.6 |
| Monetary Freedom Index | 68.9 | 72.7 |
| Government Spending Index | 88.1 | 91.5 |
| Tax Burden Index | 78.4 | 90.7 |
| Government Integrity Index | 32.2 | 25 |
| Corruption Perceptions Index | 41 | 25 |
| Life expectancy at birth, years | 63.5 | 66.3 |
| Suicide mortality rate, per 100,000 people | 5.4 | 3.9 |
| Mortality caused by road traffic injury, per 100,000 people | 24.9 | 28.6 |
| Intentional homicides, per 100,000 people | 2.1 | 7.7 |
| International tourism, number of arrivals | 897k | 291k |
Government debt & reserves
| Stat | Ghana | Madagascar |
|---|---|---|
| Central government debt, % of GDP | 59.6% | 39.7% |
| External debt stocks, % of GNI | 36.3% | 31.8% |
| External debt stocks | $23.3B | $3.7B |
| Short-term debt, % of total reserves | 57.7% | 15.6% |
| Total debt service, % of exports and primary income | 9.4% | 2.7% |
| Adjusted net savings including particulate emission damage, % of GNI | -8.4% | 7.7% |
| Gross savings, % of GDP | 21% | 18.6% |
| Gross capital formation, % of GDP | 14.9% | 19.6% |
| Total reserves including gold | $6.3B | $1.7B |
| Foreign direct investment net inflows | $3B | $612M |
Exports, imports and economic structure
| Stat | Ghana | Madagascar |
|---|---|---|
| Exports of goods and services, % of GDP | 35.3% | 28.7% |
| Imports of goods and services, % of GDP | 36.4% | 33.8% |
| Current account balance (balance of payments) | -$2B | $80.1M |
| Revenue excluding grants, % of GDP | 27.2% | 11.4% |
| Grants excluding technical cooperation, BoP | $713.6M | $373.7M |
| Personal remittances received | $3.5B | $425.5M |
| Industry including construction value added, % of GDP | 31.5% | 23.1% |
| Agriculture, forestry and fishing value added, % of GDP | 18.3% | 23.8% |
| Charges for the use of intellectual property, payments BoP | $700k | $17.1M |
| Charges for the use of intellectual property, receipts BoP | N/A | $4.5M |
| Expense, % of GDP | 30.5% | 9.8% |
| Government Expenditure, % of GDP | 20% | 16.8% |
