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In 2018, GDP per capita in Madagascar was 459 US dollars. In the ranking by GDP per capita including 189 countries, Madagascar has the 184th rank that is close to the positions of such countries as Mozambique and the Democratic Republic of the Congo. Compared to Luxembourg which at the top of the ranking with GDP per capita of 114,234 US dollars in 2018, Madagascar has 99.60 % percent lower GDP per capita.The description is composed by our digital data assistant.
GDP per capita is gross domestic product divided by midyear population. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.