Diplomatic representation from the US:
chief of mission: Ambassador Wanda L. NESBITT
embassy: 14-16 Rue Rainitovo, Antsahavola, Antananarivo 101
mailing address: B. P. 620, Antsahavola, Antananarivo
telephone: [261] (20) 22-212-57, 22-212-73, 22-209-56
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
Economy Madagascar
Economy - overview:
Having discarded past socialist economic policies, Madagascar has
since the mid 1990s followed a World Bank and IMF led policy of
privatization and liberalization, which has placed the country on a
slow and steady growth path. Agriculture, including fishing and
forestry, is a mainstay of the economy, accounting for one-fourth of
GDP and employing four-fifths of the population. Export earnings
primarily are earned in the small industrial sector, which features
textile manufacturing and agriculture processing. Deforestation and
erosion, aggravated by the use of firewood as the primary source of
fuel are serious concerns. The separatist political crisis of 2002
undermined macroeconomic stability, with the estimated drop in
output being subject to a wide margin of error. Poverty reduction
will be the centerpiece of economic policy for the next few years.
GDP:
purchasing power parity - $12.59 billion (2002)
GDP - real growth rate:
-11.9% (2002 est.)
GDP - per capita:
purchasing power parity - $800 (2002 est.)
GDP - composition by sector: agriculture: 25% industry: 12% services: 63% (2001 est.)
Population below poverty line:
71% (1999 est.)
Household income or consumption by percentage share:
lowest 10%: 3%
highest 10%: 29% (1999)