Madagascar flag

Madagascar

Republic of Madagascar
MG / MDG Africa Africa
31.2M
Population
$17.4B
GDP
54
Payment BINs
15
Issuers

General Information

Capital Antananarivo
Continent Africa
Region Africa
Subregion Africa
Currency Malagasy ariary (MGA)
Languages Malagasy (official) 99.9% French (official) 23.6% English 8.2% other 0.6% (2018 est.)
Timezones UTC+3
Area 587,041 km²
Map Reference Southern Africa, island in the Indian Ocean, east of Mozambique

Demographics

Population (2023) 31,195,932
Density 53.1 per km²
Urban Population 40.6%
Median Age 21.3 years
Life Expectancy 68.8 years
Major Cities ANTANANARIVO

Economy

GDP (2024) $17.4B
GDP Per Capita (2023) $514
Inflation (2023) 9.9%
Unemployment (2024) 3.1%
Public Debt 38.4% of GDP
Exchange Rate (2024) 4,525.425 to USD

Card Brands (Top 3)

Card Types

Card Categories (Top 5)

Leading Issuers

# Issuer BINs
1 BNI MADAGASCAR 11
2 ACCESBANQUE MADAGASCAR 6
3 BANK OF AFRICA - MADAGASCAR 6
4 BGFIBANK MADAGASCAR 4
5 AFG BANK MADAGASCAR, S.A. 3
6 BANQUE MALGACHE DE L'OCEAN INDIEN 3
7 BANQUE MALGACHE DE LOCEAN INDIEN 3
8 BAOBAB BANQUE MADAGASCAR 3
9 BFV SOCIETE GENERALE 3
10 THE MAURITIUS COMMERCIAL BANK (MADAGASCAR) S A 3

Main Exports

1. garments
2. nickel
3. vanilla
4. cloves
5. gold (2023)

Main Imports

1. refined petroleum
2. rice
3. fabric
4. cotton fabric
5. wheat (2023)