Significant macroeconomic aggregates
Unity 2010 2011 2012 2013 2014
GDP at Constant Price

Primary sector

Secondary sector

Tertiary

 billion Ariary –

921

291

1492

 –

928

304

1489

 –

941

335

1534

 –

883

415

1554
Inflation rate ( annual average change ) % 9,2 9,5 5,8 5,8 6,1
Growth rate in general % 0,3 1,5 3,0 2,3 3,3
Growth rate by sector

Primary sector

Secondary sector

Tertiary

 –

-3,4

2,5

1,7

 –

0,7

4,0

-0,2

 –

1,5

9,3

3,0

 –

-6,1

24,1

1,3

 –

3,3

9,2

3,2
Weight sectors in GDP

Primary sector

Secondary sector

Tertiary

 % –

31,2

12,6

56,8

–

34,7

12

53,3

–

33,6

12

54,4

–

33,6

12,4

54

–

33

13,1

53,8

Unemployment rate % 3,8 – 1,2 – –

Source : INSTAT, 2015

FDI flow according to countries of origin as per the home countries (billion Ar)
2010 2011 2012 2013
Mauritius 58.8 389 398.2 350.8
France 153.4 293.3 425 278.5
Canada 512.1 502.3 504 140.6
United Kingdom 16.5 75.7 25 51.1
China 127.9 129.3 85.6 26.2
Italia 36.5 -3.3 40.3 19.6
Japan 362.4 2.7 3 0.7
United States 5.7 154 70.8 -4.5
South Korea 347.6 2.6 5 0
Others 68.2 94.3 226.5 364.4
Total 1689.1 1639.9 1783.4 1254.5

Source: FDI surveys, BCM/INSTAT (2014)

FDI flow as per industry activities (billion Ar)
2010 2011 2012 2013
Agriculture, Hunting, livestock and forestry -0,8 -3,3 10,1 21,8
Fisheries, aquaculture 34,7 7,3 41,7 2,12
Manufacturing operations 41,5 137 93,6 76,4
Production and distribution of gas, electricity and water 0,2 3,8 1,1 28,2
Construction and public works 53,6 58,9 0,5 6,8
Trade 18,4 34 48,7 26,6
Hotels and restaurants 36,1 1,8 6 2,86
Transports 2,9 3,7 30 30
Financial activities 57,4 245,4 532,5 560
Real estate and business services 10,5 70,8 31,6 29,7
oil distribution 58,2 7,8 14,3 90,4
Telecommunication 16,5 72 222,9 145,7
Others -0,1 0 0 -0,1
TOTAL out " extractive " 329,1 639,3 1032,9 1020,5
Mining and quarrying 1360 1000,6 750,5 231
TOTAL 1689,1 1639,9 1783,4 1251,5

Source: FDI surveys, BCM/INSTAT (2014)

FDI stock as per the investor’s country of residence (billion Ar)
2010 2011 2012 2013
Canada 2200.4 2442.4 2946.4 3087.0
United Kingdom 2270.3 2346.0 2371.0 2422.1
Japan 1404.3 1406.9 1409.9 1410.6
Republic of Korea 1220.9 1282.1 1229.5 1229.5
France 609.1 1223.6 1760.1 2038.6
Mauritius 551.7 940.7 1438.4 1789.2
Italia 183.3 337.3 408.1 403.6
China 241.6 238.3 278.6 298.2
United states 201.8 210.1 295.7 321.9
Bermuda 137.2 137.2 137.2 137.2
La Réunion 56.9 97.9 140.8 143.5
Hong-Kong 78.4 77.7 77.7 77.7
Luxemburg 68.3 72.7 72.7 96.7
Switzerland 63.5 71.8 75.6 71.2
Sweden 31.7 31.7 31.9 31.9
South Africa 12.9 12.7 13.6 22.6
Netherlands 11.5 11.5 11.5 -10.7
India 1.6 1.6 21.6 21.1
Others 60.1 103.3 289.5 669.3
Total 9405.7 11045.6 13009.6 14261.3

Source: FDI surveys, BCM/INSTAT (2014)

FDI stock as per industry activities (billion Ar)
2010 2011 2012 2013
Agriculture, Hunting, livestock and forestry 31,7 28,4 38,5 60,3
Fisheries, aquaculture 76 83,3 125 127,1
Manufacturing operations 318 455 548,6 625
Production and distribution of gas, electricity and water 1,6 5,4 6,5 34,7
Construction and public works 387,2 446,1 446,6 453,4
Trade 156,6 190,6 239,3 265,9
Hotels & restaurants 246,7 248,5 254,5 257,4
Transports 25 28,7 58,7 88,7
Financial activities 330,6 585,6 1298,9 1858,9
Real estate and business services 47,5 118,3 149,9 179,6
oil distribution 240,4 248,2 262,5 352,9
Telecommunication 384,8 457,2 680,1 825,8
Others 0,1 0,1 0,1 0
TOTAL out " extractive " 2245,9 2895,4 4109,2 5129,7
Mining and quarrying 7159,8 8150,2 8900,7 9131,7
TOTAL 9405,7 11045,6 13009,8 14261,3

Source: FDI surveys, BCM/INSTAT (2014)

Exports towards the 10 main partner countries and the rest of the world,classified per value(Ar FOB) and per weight
2013 2014 2015
billion Ariary FOB Net weight (T) billion Ariary FOB Net weight (T) billion Ariary FOB Net weight (T)
France 873,42 54 071 1 203,52 68 105 830,18 39 722
United States 280,09 10 204 448,42 90 739 456,68 12 739
China 253,58 137 131 240,97 175 069 332,99 216 426
Netherlands 215,16 13 291 351,49 18 874 312,82 12 798
South Korea 160,75 5 484 333,88 8 667 264,82 14 072
Germany 201,05 6 752 238,31 6 577 256,36 5 007
Japan 163,85 5 373 345,54 9 497 248,30 11 279
India 87,39 19 197 163,60 26 987 201,85 28 892
South Africa 161,26 37 594 233,92 33 979 187,74 27 546
Belgium 134,17 8 941 349,63 17 758 185,98 8 339
Others 1 061,62 757 897 1 477,35 541 814 1 131,16 407 558
Total 3 592,33 1 055 937 5 386,62 998 065 4 408,89 784 379

Source : DGINSTAT/DSE/COMEXT/october 2015

Export to the member countries of Regional Integration
2013 2014 2015
billion Ariary FOB Net weight (T) billion Ariary FOB Net weight (T) billion Ariary FOB Net weight (T)
COMESA 117,67 81 719 159,49 82 956 120,94 57 313
SADC 229,68 107 467 326,87 89 644 269,87 74 373
COI 121,22 77 453 149,41 67 805 120,47 497 953
European Union 1 714,29 154 789 2 619,03 145 465 1 942,00 86 067

Source : DGINSTAT/DSE/COMEXT/october 2015

The main 20 exported products, classified per value(Ar FOB) and per weight
2013 2014 2015
billion Ariary FOB Net weight (T) billion Ariary FOB Net weight (T) billion Ariary FOB Net weight (T)
Other Minerals 1 069,33 39 298 1 940,75 60 302 1 638,85 54 677
Other textile materials and articles thereof 735,61 12 352 951,09 13 061 748,74 10 038
Vanila 89,78 1 033 283,58 2 355 364,34 2 217
Clove 192,39 9 949 273,77 11 754 272,03 11 444
Petroleum products 157,00 52 726 202,41 66 195 131,80 47 056
Shrimps 149,24 6 214 182,48 7 000 131,53 4 891
Other food industries 118,15 9 623 149,80 12 968 105,38 11 111
Other Minerals 209,92 523 652 202,00 353 834 95,67 158 569
Chromium ore 35,99 88 000 44,33 97 250 77,42 168 750
Shirts , Blouses 66,89 1 618 94,69 2 018 74,49 1 551
Other chemical products and parachemical 50,16 62 345 74,36 101 181 70,28 112 033
Beans 50,44 29 291 80,23 39 754 69,26 39 518
Cotton fabrics 49,21 1 844 94,65 3 073 65,28 1 893
T-shirts, jerseys , pants 59,73 2 397 99,66 2 816 64,02 2 219
Industrial gemstones 50,15 16 048 65,01 19 218 52,01 12 038
Cocoa beans 29,64 7 399 47,96 8 326 41,20 6 571
Clove oil 42,94 1 340 66,63 1 949 33,26 952
Canned fruits and vegetables 45,41 5 464 47,61 5 233 27,12 2 868
Pepper 12,26 1 450 26,93 2 149 24,09 1 465
vanilla extracts 11,19 53 10,34 66 20,30 104
Others 366,91 183 839 448,34 187 563 272,32 132 616
Total 3 592,33 1 055 937 5 386,62 998 065 4 379,39 782 580

Source : DGINSTAT/DSE/COMEXT/october 2015

Importation from the 10 main partner countries and the rest of the world, classified per value(Ar CIF) and per weight
2013 2014 2015
billion Ariary CIF Net weight (T) billion Ariary CIF Net weight (T) billion Ariary CIF Net weight (T)
China 883,90 205 581 1 229,39 286 873 1 127,09 224 803
Bahreïn 128,90 57 314 316,61 150 885 430,48 248 450
United Arab Emirates 1 223,93 1 386 031 1 385,69 1 895 983 423,49 1 188 038
France 351,99 37 142 472,15 61 169 384,42 42 261
India 330,95 231 530 502,51 288 591 349,34 173 483
South Africa 321,81 444 828 369,42 559 717 295,80 438 129
European Union 400,40 20 845 481,99 20 844 276,22 8 481
United States 208,59 38 408 244,57 10 457 272,79 14 553
Mauritius 188,66 32 343 267,12 40 074 208,59 33 747
Pakistan 213,30 350 049 322,39 547 769 189,78 308 517
Others 1 709,43 935 236 2 456,04 1 301 667 2 173,78 1 133 575
Total 5 961,87 3 739 307 8 047,88 5 164 028 6 131,77 3 814 037

Source : DGINSTAT/DSE/COMEXT/october 2015

Importation from the member countries of Regional Integration(billion Ar)
2013 2014 2015
billion Ariary CIF Net weight (T) billion Ariary CIF Net weight (T) billion Ariary CIF Net weight (T)
COMESA 282,69 76 827 405,48 103 966 312,81 82 102
SADC 532,56 481 886 668,03 605 662 531,42 475 577
COI 208,72 36 724 299,07 49 176 222,47 38 300
European Union 831,70 87 175 1 236,89 157 914 983,10 113 238

Source : DGINSTAT/DSE/COMEXT/october2015

The main 20 products imported, classified per value (Ar CIF) and per weight
2013 2014 2015
billion Ariary CIF Net weight (T) billion Ariary CIF Net weight (T) billion Ariary CIF Net weight (T)
Diesel and fuel oil 892,99 426 457 1 101,31 515 900 640,20 406 904
Other textiles 459,20 16 787 599,12 20 594 560,49 15 595
Other machinery 395,66 20 152 545,88 27 822 455,95 16 619
Other minerals 217,17 1 215 488 285,75 1 796 887 292,79 1 499 410
Other electrical constructions 144,70 15 479 228,91 22 256 208,17 14 419
Other chemical products and parachemical 171,56 75 000 231,06 99 531 204,50 87 005
Plastics 170,35 36 234 249,41 48 238 201,46 34 684
Pharmaceutical products 170,50 4 442 250,11 6 290 199,88 5 067
Rice 316,19 318 145 358,87 365 996 192,60 184 127
Cotton fabrics 161,61 6 766 224,43 9 700 184,84 7 193
Other metals and fabricated metal products 164,34 30 036 237,93 39 059 179,97 29 733
Other Items 153,92 17 997 218,52 21 239 157,99 14 270
Gasoline 195,19 80 355 228,09 93 160 152,30 76 990
Rebar and laminates 120,79 63 498 217,98 103 680 148,32 71 341
Trucks 122,09 10 057 155,50 12 350 134,71 9 395
Passenger car and bus 130,12 8 571 183,11 11 881 131,08 7 065
Edible oils 104,04 41 936 141,83 56 958 120,68 50 987
Radio , television , telecommunication and accessories 65,41 3 927 147,38 6 473 114,20 3 426
Other paper and Applications 78,56 5 971 136,50 8 706 105,46 5 677
Kerosene 151,58 66 152 181,71 78 214 100,73 58 730
Others 1 575,75 1 275 782 2 124,23 1 819 020 1 605,15 1 208 410
Total 5 961,72 3 739 233 8 047,62 5 163 955 6 091,49 3 807 044

Source : DGINSTAT/DSE/COMEXT/october 2015