GDP per Capita: Madagascar

Analysis# Madagascar GDP per Capita Madagascar's GDP per capita reached $652.60 in 2026, marking the country's highest recorded value since 1980. This represents modest growth of 8.9% over the 46-year period, though the metric remains constrained relative to global development standards. The nation's per capita income has recovered substantially from its 1994 low of $279.38, reflecting gradual economic development despite persistent structural challenges. Recent performance shows accelerating momentum. Between 2017 and 2020, GDP per capita fluctuated between $528 and $536 before dropping to $477 during the pandemic year. Since 2021, however, the trajectory has shifted decisively upward, with consecutive annual increases culminating in a jump from $616 in 2025 to $653 in 2026. This sustained recovery suggests Madagascar's economy is gaining traction after years of volatility.