Madagascar Opens Doors: Visa-Free Entry for 24 Countries

Madagascar, the world’s fourth-largest island and second-largest island country, ranks as the 46th largest country globally. In 2020, it welcomed 87,100 international tourists, according to World Bank data collected in July 2024, highlighting its appeal as a travel destination despite global travel restrictions during the pandemic.

In 2022, Madagascar’s nominal Gross Domestic Product (GDP) was $14.95 billion USD. The real GDP, adjusted for inflation, stood at $12.24 billion USD, reflecting the economic activities within the country. This data indicates a modest yet steady economic performance amid global economic challenges.

The GDP growth rate for Madagascar in 2022 was 3.80%, showcasing an increase of $491.5 million USD from the previous year. This growth is a positive indicator of economic resilience and recovery, suggesting that Madagascar is gradually strengthening its economic base despite external pressures.

In 2021, the real GDP was $12.95 billion USD, underscoring the slight decline before the recovery in 2022. The overall economic data illustrates Madagascar’s journey through fluctuating economic conditions and its efforts to stabilize and grow its economy in the face of various challenges.