consulate(s) general: New York
Diplomatic representation from the US: chief of mission: Ambassador
Shirley E. BARNES
embassy: 14-16 Rue Rainitovo, Antsahavola, Antananarivo
mailing address: B. P. 620, Antsahavola, Antananarivo
telephone: [261] (20) 22-212-57
FAX: [261] (20) 22-345-39
Flag description: two equal horizontal bands of red (top) and green with a vertical white band of the same width on hoist side
Madagascar Economy
Economy - overview: Madagascar faces problems of chronic malnutrition, underfunded health and education facilities, a roughly 3% annual population growth rate, and severe loss of forest cover, accompanied by erosion. Agriculture, including fishing and forestry, is the mainstay of the economy, accounting for 30% of GDP and contributing more than 70% to export earnings. Industry features textile manufacturing and the processing of agricultural products. Growth in output in 1992-97 averaged less than the growth rate of the population. Growth has been held back by antigovernment strikes and demonstrations, a decline in world coffee prices, and the erratic commitment of the government to economic reform. The extent of government reforms, outside financial aid, and foreign investment will be key determinants of future growth. For 2001, growth should again be about 5%.
GDP: purchasing power parity - $12.3 billion (2000 est.)