| Madagascar | |
| Rank: 112 · Score: 21.4 |
| Basic facts | ||||
| Population (millions) | 29.6 | IPOs and pulic issues (quartile) | Bottom | |
| GDP (US$ billions) | 15.4 | M&A volume (quartile) | Bottom | |
| GDP per capita (US$) | 519.6 | Venture capital investments (quartile) | Bottom | |
| GDP growth (per cent) | 4.2 | Private equity investments (quartile) | Bottom |
Performance Overview
| Indicator | Rank / 125 | Rank Trend | Score | |
| VC/PE Country Attractiveness Index | 112 | 6, 6, 6, 8, 13 | 21.4 | |
| 1 | Economic Activity | 97 | 31, 27, 34, 29, 28 | 62.7 |
| 2 | Depth of Capital Market | 114 | 1, 4, 4, 6, 11 | 6.7 |
| 3 | Taxation | 51 | 77, 74, 73, 74, 74 | 97.1 |
| 4 | Investor Protection and Corporate Governance | 114 | 12, 7, 9, 11, 11 | 36.8 |
| 5 | Human and Social Environment | 106 | 13, 14, 17, 19, 19 | 22.5 |
| 6 | Entrepreneurial Opportunities | 112 | 15, 12, 12, 14, 13 | 23.7 |
| Historic performance, 2019-2023 | Key driver performance, 2023 |
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Peer Group Comparison
| Regional Peers | Economic Activity | Depth of Capital Market | Taxation | Investor Protection and Corporate Governance |
Human and Social Environment |
Entrepreneurial Opportunites |
| Zimbabwe | 59.5 | 13.3 | 72.8 | 37.7 | 18.1 | 30.7 |
| Burkina Faso | 63.9 | 8.8 | 66.4 | 39.5 | 29.2 | 19.2 |
| Ethiopia | 78.7 | 5.4 | 64.5 | 25.5 | 25.3 | 35.7 |
| Madagascar | 62.7 | 6.7 | 97.1 | 36.8 | 22.5 | 23.7 |
| Cameroon | 71.0 | 6.8 | 40.9 | 35.4 | 23.7 | 21.3 |
| Mali | 63.9 | 7.6 | 72.3 | 35.5 | 24.7 | 17.2 |
| Mozambique | 63.5 | 7.1 | 54.5 | 28.5 | 16.7 | 26.8 |
Last updated: 4 Nov 2023