Madagascar vs the Seychelles: Economic Indicators Comparison

Madagascar with a GDP of $13.9B ranked the 130th largest economy in the world, while the Seychelles ranked 180th with $1.6B. By GDP 5-years average growth and GDP per capita, Madagascar and the Seychelles ranked 55th vs 45th and 190th vs 55th, respectively.

Gross Domestic Product & Income

StatMadagascarSeychelles
GDP$13.9B$1.6B
GDP growth, 1 year5.2%3.6%
GDP growth, 5-years average4%4.6%
Population25.6M96k
GDP per capita$528$16k
GDP per capita growth1.81%2.64%
Purchasing Power Parity conversion factor929.97.48
Price level ratio of PPP conversion factor GDP to market exchange rate0.280.54
GDP per capita, PPP adjusted$1.6k$31k
GNI, Atlas method$13.3B$1.5B
GNI per capita$510$16k
GNI, PPP adjusted$48.2B$2.8B
GNI per capita, PPP adjusted$1.8k$29k

Financial system and Human development

StatMadagascarSeychelles
Income Tax Rate20%15%
Corporate Tax Rate20%33%
Inflation, consumer prices7.3%3.7%
Inflation, GDP deflator7.6%4.1%
Unemployment1.7%3%
Economic Freedom Index60.564.3
Personal Freedom Index7.297.17
Human Freedom Index6.697.14
Property Rights Index45.668.3
Judical Effectiveness Index39.646.4
Business Freedom Index47.365.3
Fiscal Health Index90.693.2
Labor Freedom Index44.662.8
Investment Freedom Index5555
Financial Freedom Index5030
Trade Freedom Index73.682.6
Monetary Freedom Index72.778.6
Government Spending Index91.558.9
Tax Burden Index90.776.8
Government Integrity Index2553.3
Corruption Perceptions Index2566
Life expectancy at birth, years66.374.3
Suicide mortality rate, per 100,000 people3.99.3
Mortality caused by road traffic injury, per 100,000 people28.615.9
Intentional homicides, per 100,000 people7.712.7
International tourism, number of arrivals291k362k

Government debt & reserves

StatMadagascarSeychelles
Central government debt, % of GDP39.7%58.2%
External debt stocks, % of GNI31.8%N/A
External debt stocks$3.7BN/A
Short-term debt, % of total reserves15.6%N/A
Total debt service, % of exports and primary income2.7%N/A
Adjusted net savings including particulate emission damage, % of GNI7.7%N/A
Gross savings, % of GDP18.6%10.2%
Gross capital formation, % of GDP19.6%32.5%
Total reserves including gold$1.7B$549.5M
Foreign direct investment net inflows$612M$43.9M

Exports, imports and economic structure

StatMadagascarSeychelles
Exports of goods and services, % of GDP28.7%87%
Imports of goods and services, % of GDP33.8%102.1%
Current account balance (balance of payments)$80.1M-$269.4M
Revenue excluding grants, % of GDP11.4%36.4%
Grants excluding technical cooperation, BoP$373.7M$13.8M
Personal remittances received$425.5M$22.7M
Industry including construction value added, % of GDP23.1%10.9%
Agriculture, forestry and fishing value added, % of GDP23.8%2%
Charges for the use of intellectual property, payments BoP$17.1M$2.2M
Charges for the use of intellectual property, receipts BoP$4.5M$1.4M
Expense, % of GDP9.8%33.3%
Government Expenditure, % of GDP16.8%37%

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
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

Seychelles vs

CountryGDP
per capita
Population
Portugal
$23k
10.6M
Saudi Arabia
$23k
33M
Estonia
$23k
1.32M
Czech Republic
$23k
10.7M
Vatican City
$21k
1k
Greece
$20k
10.8M
Curacao
$20k
160k
Slovakia
$19k
5.4M
Saint Kitts and Nevis
$19k
55.3k
Lithuania
$19k
2.79M
Barbados
$18k
286k
Latvia
$18k
1.91M
Uruguay
$17k
3.46M
Trinidad and Tobago
$17k
1.37M
Antigua and Barbuda
$17k
102k
Oman
$16k
4.83M
Hungary
$16k
9.94M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
21.7k
Panama
$16k
4.1M
Poland
$15k
38.4M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.91M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Russia
$11k
147M
Mauritius
$11k
1.26M
Grenada
$11k
108k