GDP Per Capita: $1,000 [2010 Est.]
Population Growth Rate: 2.993% (Country Comparison to the World – 13) [2010 Est.]
Unemployment Rate: 5.9%
GDP by Sector:
Agriculture – 26.5%
Industry – 16.7%
Service – 56.8%
Madagascar, with a GDP per capita of $1000, is clearly not a wealthy country, and does not seem to be anywhere near transition from undeveloped to developed. With an unemployment rate of almost 6%, Madagascar’s productivity is low. Madagascar relies on her agriculture sector and service sectors.Without switching more to tertiary sectors, Madagascar will not be able to develop any time soon.
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