India vs Madagascar: Economic Indicators Comparison
India with a GDP of $2.7T ranked the 7th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, India and Madagascar ranked 6th vs 55th and 150th vs 190th, respectively.
Gross Domestic Product & Income
| Stat |  India |  Madagascar |
|---|---|---|
| GDP | $2.7T | $13.9B |
| GDP growth, 1 year | 7.1% | 5.2% |
| GDP growth, 5-years average | 7.6% | 4% |
| Population | 1.3B | 25.6M |
| GDP per capita | $2k | $528 |
| GDP per capita growth | 5.71% | 1.81% |
| Purchasing Power Parity conversion factor | 18.1 | 929.9 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.26 | 0.28 |
| GDP per capita, PPP adjusted | $7.9k | $1.6k |
| GNI, Atlas method | $2.7T | $13.3B |
| GNI per capita | $2k | $510 |
| GNI, PPP adjusted | $10.4T | $48.2B |
| GNI per capita, PPP adjusted | $7.7k | $1.8k |
Financial system and Human development
| Stat | India | Madagascar |
|---|---|---|
| Income Tax Rate | 30.9% | 20% |
| Corporate Tax Rate | 32.4% | 20% |
| Inflation, consumer prices | 3.5% | 7.3% |
| Inflation, GDP deflator | 4.1% | 7.6% |
| Unemployment | 2.6% | 1.7% |
| Economic Freedom Index | 56.5 | 60.5 |
| Personal Freedom Index | 6.96 | 7.29 |
| Human Freedom Index | 6.8 | 6.69 |
| Property Rights Index | 63 | 45.6 |
| Judical Effectiveness Index | 64.1 | 39.6 |
| Business Freedom Index | 65.6 | 47.3 |
| Fiscal Health Index | 13.1 | 90.6 |
| Labor Freedom Index | 41.2 | 44.6 |
| Investment Freedom Index | 40 | 55 |
| Financial Freedom Index | 40 | 50 |
| Trade Freedom Index | 73.4 | 73.6 |
| Monetary Freedom Index | 73 | 72.7 |
| Government Spending Index | 77.9 | 91.5 |
| Tax Burden Index | 79.4 | 90.7 |
| Government Integrity Index | 47.2 | 25 |
| Corruption Perceptions Index | 41 | 25 |
| Life expectancy at birth, years | 69.2 | 66.3 |
| Suicide mortality rate, per 100,000 people | 16.3 | 3.9 |
| Mortality caused by road traffic injury, per 100,000 people | 22.6 | 28.6 |
| Intentional homicides, per 100,000 people | 3.2 | 7.7 |
| International tourism, number of arrivals | 17.4M | 291k |
Government debt & reserves
| Stat | India | Madagascar |
|---|---|---|
| Central government debt, % of GDP | 69.8% | 39.7% |
| External debt stocks, % of GNI | 19.3% | 31.8% |
| External debt stocks | $521.4B | $3.7B |
| Short-term debt, % of total reserves | 26.1% | 15.6% |
| Total debt service, % of exports and primary income | 11.4% | 2.7% |
| Adjusted net savings including particulate emission damage, % of GNI | 16.3% | 7.7% |
| Gross savings, % of GDP | 30.9% | 18.6% |
| Gross capital formation, % of GDP | 31.3% | 19.6% |
| Total reserves including gold | $399.2B | $1.7B |
| Foreign direct investment net inflows | $42.1B | $612M |
Exports, imports and economic structure
| Stat | India | Madagascar |
|---|---|---|
| Exports of goods and services, % of GDP | 19.7% | 28.7% |
| Imports of goods and services, % of GDP | 23.6% | 33.8% |
| Current account balance (balance of payments) | -$65.6B | $80.1M |
| Revenue excluding grants, % of GDP | 12.9% | 11.4% |
| Grants excluding technical cooperation, BoP | $689.4M | $373.7M |
| Personal remittances received | $78.8B | $425.5M |
| Industry including construction value added, % of GDP | 26.7% | 23.1% |
| Agriculture, forestry and fishing value added, % of GDP | 14.6% | 23.8% |
| Charges for the use of intellectual property, payments BoP | $7.9B | $17.1M |
| Charges for the use of intellectual property, receipts BoP | $784.9M | $4.5M |
| Expense, % of GDP | 14.9% | 9.8% |
| Government Expenditure, % of GDP | 27.1% | 16.8% |
