East Africa
Madagascar: capital, investors and market indicators
Investors headquartered in or publicly active in Madagascar, with the latest economic indicators from the World Bank and IMF. For risk ratings, sector intelligence and deal flow, see the Madagascar country intelligence page.
Market indicators
- GDP
- $19.5bn2025
- Real GDP growth
- 3.1%2025
- GDP per capita
- $6192025
- Consumer price inflation
- 8.0%2025
- Population
- 31.4m2025
- Current account balance (% of GDP)
- -6.0%2025
- General government gross debt (% of GDP)
- 47.7%2025
Sources: IMF World Economic Outlook via the IMF DataMapper (latest year shown is no later than 2025; recent years may be IMF estimates). Latest available year shown; refreshed weekly. Compare all 54 markets.
Investors headquartered in Madagascar
| Investor | Type | Headquarters | Sector focus |
|---|---|---|---|
| Axian Investment | Corporate investor | Madagascar | Telecoms and digital infrastructure, Energy and power, Financial services |
International investors active in Madagascar
| Investor | Type | Headquarters | Sector focus |
|---|---|---|---|
| Adenia Partners | Private equity firm | Mauritius | Consumer, Manufacturing and industrials, Financial services |
| Airtel Africa Plc | Corporate investor | Technology, Telecoms and digital infrastructure, Manufacturing and industrials | |
| Axian Energy | Corporate investor | Energy and power | |
| International Finance Corporation (IFC) | Development finance institution | United States | Financial services, Energy and power, Technology |
| Investisseurs & Partenaires | Private equity firm | France | Financial services, Energy and power, Consumer |
| The African Development Bank Group (AfDB) | Development finance institution | Côte d'Ivoire | Energy and power, Financial services, Manufacturing and industrials |
| The African Development Bank Group (AfDB) | Development finance institution | Energy and power, Financial services, Manufacturing and industrials |