Madagascar vs Rwanda: Economic Indicators Comparison

Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while Rwanda ranked 145th with $9.5B. By GDP 5-years average growth and GDP per capita, Madagascar and Rwanda ranked 55th vs 7th and 190th vs 180th, respectively.

Gross Domestic Product & Income

StatMadagascarRwanda
GDP$13.9B$9.5B
GDP growth, 1 year5.2%8.6%
GDP growth, 5-years average4%7.4%
Population25.6M12.2M
GDP per capita$528$773
GDP per capita growth1.81%5.77%
Purchasing Power Parity conversion factor929.9295.65
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.34
GDP per capita, PPP adjusted$1.6k$2.3k
GNI, Atlas method$13.3B$9.6B
GNI per capita$510$780
GNI, PPP adjusted$48.2B$27.1B
GNI per capita, PPP adjusted$1.8k$2.2k

Financial system and Human development

StatMadagascarRwanda
Income Tax Rate20%30%
Corporate Tax Rate20%30%
Inflation, consumer prices7.3%1.4%
Inflation, GDP deflator7.6%-0.8%
Unemployment1.7%1%
Economic Freedom Index60.570.9
Personal Freedom Index7.297.34
Human Freedom Index6.697
Property Rights Index45.676.5
Judical Effectiveness Index39.678.3
Business Freedom Index47.360.3
Fiscal Health Index90.686.7
Labor Freedom Index44.681.8
Investment Freedom Index5560
Financial Freedom Index5040
Trade Freedom Index73.670.4
Monetary Freedom Index72.779.8
Government Spending Index91.579.8
Tax Burden Index90.779.2
Government Integrity Index2557.6
Corruption Perceptions Index2556
Life expectancy at birth, years66.368.3
Suicide mortality rate, per 100,000 people3.96.7
Mortality caused by road traffic injury, per 100,000 people28.629.7
Intentional homicides, per 100,000 people7.72.5
International tourism, number of arrivals291k932k

Government debt & reserves

StatMadagascarRwanda
Central government debt, % of GDP39.7%40.7%
External debt stocks, % of GNI31.8%58%
External debt stocks$3.7B$5.4B
Short-term debt, % of total reserves15.6%8.5%
Total debt service, % of exports and primary income2.7%12.6%
Adjusted net savings including particulate emission damage, % of GNI7.7%-4.4%
Gross savings, % of GDP18.6%12.4%
Gross capital formation, % of GDP19.6%24.4%
Total reserves including gold$1.7B$1.2B
Foreign direct investment net inflows$612M$305.5M

Exports, imports and economic structure

StatMadagascarRwanda
Exports of goods and services, % of GDP28.7%17.4%
Imports of goods and services, % of GDP33.8%34.1%
Current account balance (balance of payments)$80.1M-$746.9M
Revenue excluding grants, % of GDP11.4%20%
Grants excluding technical cooperation, BoP$373.7M$621.4M
Personal remittances received$425.5M$260.5M
Industry including construction value added, % of GDP23.1%16.2%
Agriculture, forestry and fishing value added, % of GDP23.8%29%
Charges for the use of intellectual property, payments BoP$17.1MN/A
Charges for the use of intellectual property, receipts BoP$4.5MN/A
Expense, % of GDP9.8%18.9%
Government Expenditure, % of GDP16.8%26%

Compare with countries close by GDP per capita

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
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

Rwanda vs

CountryGDP
per capita
Population
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
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
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