Haiti vs Madagascar: Economic Indicators Comparison

Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while Haiti ranked 144th with $9.7B. By GDP 5-years average growth and GDP per capita, Madagascar and Haiti ranked 55th vs 145th and 190th vs 176th, respectively.

Gross Domestic Product & Income

StatHaitiMadagascar
GDP$9.7B$13.9B
GDP growth, 1 year1.5%5.2%
GDP growth, 5-years average1.6%4%
Population11M25.6M
GDP per capita$868$528
GDP per capita growth0.2%1.81%
Purchasing Power Parity conversion factor30.43929.9
Price level ratio of PPP conversion factor GDP to market exchange rate0.470.28
GDP per capita, PPP adjusted$1.9k$1.6k
GNI, Atlas method$8.9B$13.3B
GNI per capita$800$510
GNI, PPP adjusted$20.9B$48.2B
GNI per capita, PPP adjusted$1.9k$1.8k

Financial system and Human development

StatHaitiMadagascar
Income Tax Rate30%20%
Corporate Tax Rate30%20%
Inflation, consumer prices13.5%7.3%
Inflation, GDP deflator12.8%7.6%
Unemployment13.5%1.7%
Economic Freedom Index52.360.5
Personal Freedom Index7.337.29
Human Freedom Index7.046.69
Property Rights Index16.445.6
Judical Effectiveness Index23.339.6
Business Freedom Index33.647.3
Fiscal Health Index96.390.6
Labor Freedom Index62.344.6
Investment Freedom Index4555
Financial Freedom Index3050
Trade Freedom Index6773.6
Monetary Freedom Index61.572.7
Government Spending Index89.491.5
Tax Burden Index80.290.7
Government Integrity Index22.325
Corruption Perceptions Index2025
Life expectancy at birth, years63.366.3
Suicide mortality rate, per 100,000 people11.73.9
Mortality caused by road traffic injury, per 100,000 people15.128.6
Intentional homicides, per 100,000 people107.7
International tourism, number of arrivals447k291k

Government debt & reserves

StatHaitiMadagascar
Central government debt, % of GDP33%39.7%
External debt stocks, % of GNI22.8%31.8%
External debt stocks$2.2B$3.7B
Short-term debt, % of total reserves0%15.6%
Total debt service, % of exports and primary income1.2%2.7%
Adjusted net savings including particulate emission damage, % of GNI17.6%7.7%
Gross savings, % of GDP24.4%18.6%
Gross capital formation, % of GDP29%19.6%
Total reserves including gold$2.4B$1.7B
Foreign direct investment net inflows$105M$612M

Exports, imports and economic structure

StatHaitiMadagascar
Exports of goods and services, % of GDP17.1%28.7%
Imports of goods and services, % of GDP58.5%33.8%
Current account balance (balance of payments)-$343M$80.1M
Revenue excluding grants, % of GDPN/A11.4%
Grants excluding technical cooperation, BoP$790.3M$373.7M
Personal remittances received$3.1B$425.5M
Industry including construction value added, % of GDP66.2%23.1%
Agriculture, forestry and fishing value added, % of GDP18.9%23.8%
Charges for the use of intellectual property, payments BoP$577k$17.1M
Charges for the use of intellectual property, receipts BoP$25.3M$4.5M
Expense, % of GDPN/A9.8%
Government Expenditure, % of GDP18.8%16.8%

Compare with countries close by GDP per capita

Haiti vs

CountryGDP
per capita
Population
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
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
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

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
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
Burundi
$272
10.9M