Madagascar - Foreign Direct Investment and Foreign Portfolio Investment StatisticsMadagascar -Foreign Direct Investment

This information is derived from the State Department's Office of Investment Affairs' Investment Climate Statement. Any questions on the ICS can be directed to EB-ICS-DL@state.gov.

Last Published: 2/28/2017

Table 2: Key Macroeconomic Data, U.S. FDI in Host Country/Economy

	Host Country Statistical source		USG or international statistical source		USG or International Source of Data: BEA; IMF; Eurostat; UNCTAD, Other
Economic Data	Year	Amount	Year	Amount
Host Country Gross Domestic Product (GDP) ($M USD)	2014	$10,674	2014	$10,590	www.worldbank.org/en/country
Foreign Direct Investment	Host Country Statistical source		USG or international statistical source		USG or international Source of data: BEA; IMF; Eurostat; UNCTAD, Other
U.S. FDI in partner country ($M USD, stock positions)	2014	$183.5	2011	$150	UNCTAD
Host country’s FDI in the United States ($M USD, stock positions)	N/A	N/A	N/A	N/A	N/A
Total inbound stock of FDI as % host GDP	2014	60.5%	2011	49%	UNCTAD

Table 3: Sources and Destination of FDI

Madagascar is not included in the IMF CDIS data. The following figures come from the Central Bank which makes an annual survey on FDI along with the National Statistics Institute (INSTAT). The latest available statistics are as of 2013. There are no figures for outward direct investment from Madagascar.

Direct Investment from/in Counterpart Economy Data
From Top Five Sources/To Top Five Destinations (US Dollars, Millions)
Inward Direct Investment			Outward Direct Investment
Total Inward	554.9	100%	Total Outward	Amount	100%
Mauritius	342.1	61.6%	N/A	N/A	N/A
France	100.2	18.1%	N/A	N/A	N/A
USA	16.4	2.9%	N/A	N/A	N/A
UK	9.0	1.6%	N/A	N/A	N/A
"0" reflects amounts rounded to +/- USD 500,000.

Table 4: Sources of Portfolio Investment

There are no data available regarding foreign portfolio investment in Madagascar. Foreigners are prohibited from purchasing internal debt securities and Treasury bills (though Malagasy companies with foreign ownership are not subject to this restriction). The absence of a domestic stock market also inhibits foreign investment in Malagasy companies, though foreigners are not prohibited from purchasing corporate shares or bonds on the infrequent occasions when they are advertised for sale.

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