Communists: Communist party of virtually no importance; small and vocal group of Communists has gained strong position in leadership of AKFM, the rank and file of which is non-Communist
Member of: ACP, AfDB, CCC, EAMA, FAO, G-77, GATT, IAEA, IBRD, ICAO, ICO,
IDA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IRC, ISO, ITU, NAM, OAU,
OCAM, UN, UNESCO, UPU, WFTU, WHO, WMO, WTO
Diplomatic representation: Ambassador Pierrot Jocelyn RAJAONARIVELO; Chancery at 2374 Massachusetts Avenue NW, Washington DC 20008; telephone (202) 265-5525 or 5526; there is a Malagasy Consulate General in New York; US—Ambassador Howard K. WALKER; Embassy at 14 and 16 Rue Rainitovo, Antsahavola, Antananarivo (mailing address is B. P. 620, Antananarivo); telephone 212-57, 209-56, 200-89, 207-18
Flag: two equal horizontal bands of red (top) and green with a vertical white band of the same width on hoist side
- Economy Overview: Madagascar is one of the poorest countries in the world. During the period 1980-85 it had a population growth of 3% a year and a - 0.4% GDP growth rate. Agriculture, including fishing and forestry, is the mainstay of the economy, accounting for over 40% of GDP, employing about 85% of the labor force, and contributing more than 70% to export earnings. Industry is confined to the processing of agricultural products and textile manufacturing; in 1988 it contributed only 16% to GDP and employed 3% of the labor force. Industrial development has been hampered by government policies that have restricted imports of equipment and spare parts and put strict controls on foreign-owned enterprises. In 1986 the government introduced a five-year development plan that stresses self-sufficiency in food (mainly rice) by 1990, increased production for exports, and reduced energy imports.
GDP: $1.7 billion, per capita $155; real growth rate 2.2% (1988)
Inflation rate (consumer prices): 17.0% (1988)
Unemployment rate: NA%
Budget: revenues $337 million; expenditures $245 million, including capital expenditures of $163 million (1988)
Exports: $284 million (f.o.b., 1988); commodities—coffee 45%, vanilla 15%, cloves 11%, sugar, petroleum products; partners—France, Japan, Italy, FRG, US