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Economy of Madagascar


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capita GDP of $438. Approximately 69 percent of the population lives below the national poverty line threshold of one dollar per day. The agriculture sector constituted 29 percent of Malagasy GDP in 2011, while manufacturing formed 15 percent of GDP. Madagascar's sources of growth are tourism, agriculture and the extractive industries. Tourism focuses on the niche eco-tourism market, capitalizing on Madagascar's unique biodiversity, unspoiled natural habitats, national parks and lemur species. An estimated 365,000 tourists visited Madagascar in 2008, but the sector has declined as a result of the political crisis with 180,000 tourists visiting in 2010
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