Two-way investment brief
Australia–Madagascar
Madagascar direct investment in Australia
—
Total Madagascar investment in Australia
—
Australian direct investment in Madagascar
—
Total Australian investment in Madagascar
—
Trend
Direct investment in both directions
- Madagascar in Australia
- Australia in Madagascar
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
- Direct investment
- Portfolio investment
- Other investment
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
Net transactions during the year; negative = net disinvestment
- Madagascar → Australia
- Australia → Madagascar
Source: ABS, International Investment Position, Australia: Supplementary Statistics (5352.0).
Trade relationship
Australia–Madagascar trade
Investment and trade move together: the partners that invest most in Australia are usually major trading partners too. Goods trade is recorded monthly (latest: July 2026); services annually.
Two-way trade, 2025
A$32 m
Goods exports to Madagascar, 2025
A$17 m
Goods imports from Madagascar, 2025
A$15 m
Services trade, 2025
A$0 k
Calendar years, A$ (ABS merchandise trade)
- Exports to Madagascar
- Imports from Madagascar
Source: ABS, International Merchandise Trade (MERCH_EXP / MERCH_IMP), summed to calendar years.
Calendar years, A$ (ABS international trade in services by country)
- Exports to Madagascar
- Imports from Madagascar
Source: ABS, International Trade in Services by Country, calendar years.
Economic outlook
Madagascar’s economy
| IMF World Economic Outlook | 2024 | 2025 | 2026forecast | 2027forecast | 2028forecast |
|---|---|---|---|---|---|
| Real GDP growth | 4.3% | 2.8% | 3.6% | 4.1% | 4.6% |
| Inflation | 7.6% | 8.0% | 8.3% | 7.0% | 6.0% |
| Current account, % GDP | −5.3% | −5.8% | −8.0% | −6.6% | −5.7% |
| Fiscal balance, % GDP | −2.5% | −2.2% | −4.6% | −3.9% | −3.9% |
| Government gross debt, % GDP | 49.8% | 48.7% | 49.3% | 50.4% | 50.6% |
Source: IMF World Economic Outlook via the IMF DataMapper API. Years from 2026 are IMF projections; recent years may be estimates and are revised in each WEO round (April and October).
2025 at a glance
- New FDI from Madagascar
- —
- New Australian FDI in Madagascar
- —
- Direct investment income paid to investors
- —
- Direct investment income earned by Australians
- —
Madagascar globally (World Bank)
- FDI outflows, 2024
- $134 m · 82nd
- FDI inflows, 2024
- $606 m
- GDP, 2025
- $19.6 bn
- Region · income
- Sub-Saharan Africa · Low income
Regulatory openness (OECD FDIRRI)
OECD index data loading — see FDI openness
Sources: ABS, International Investment Position, Australia: Supplementary Statistics (cat. 5352.0), 2025 release, released 2026-05-06 — levels at 31 December and calendar-year flows and income, A$ millions, immediate counterparty basis (investment routed via third economies is attributed to the intermediate economy). World Bank WDI (US$). OECD FDI Regulatory Restrictiveness Index. np = not published for confidentiality; included in totalsPrepared independently by FDIstats from public statistics; not an Australian Government publication and not investment advice. For foreign investment rules, see the Treasury and FIRB.