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# [MADAGASCAR] Growth revised to 6%: the government raises economic ambitions for 2026
- URL: https://businessoi.media/en/madagascar-croissance-revisee-a-6-letat-accelere-ses-ambitions-economiques-pour-2026-en/
- Published: 2026-08-23T08:44:38.000Z
- Updated: 2026-08-23T08:44:38.000Z
- Description: Madagascar revises its 2026 growth forecast to 6% (vs. 4.8% initially), driven by services, private investment and extractive industries. A strong signal for regional investors.
- Author: Emmanuel TAOCHY
- Tags: Madagascar, Économie, Investissement, Flash de mi-journée, #en

**The Malagasy government has just raised its economic growth forecast for 2026 to 6%, up from 4.8% included in the initial finance law.** This 1.2 percentage point jump reflects stronger-than-anticipated momentum, driven by services, private investment, and extractive industries.

## A trajectory back in acceleration

After recording 6.1% in 2024 and then 5% in 2025 — a transitional year marked by ambitious initial projections set at 7.8% — Madagascar is returning to a trajectory close to 6%. The upward revision comes amid contrasting global and regional economic developments, which makes the performance all the more significant. The services sector is the primary driver, closely followed by private investment and oil and gas industries.

## A signal for investors

By raising its growth forecast, the government aims to reassure economic agents and potential investors, while strengthening bilateral trade relations. The message is particularly targeted at partners in southern Africa and the Indian Ocean, in the wake of recent agreements signed with Egypt.

## Why it matters

Madagascar remains one of the world's poorest economies in terms of GDP per capita, but its fundamentals are showing growing resilience. Growth at 6% in two consecutive years (2024 and 2026) would send a positive signal to donors and direct investors, in a country with significant assets: natural resources (nickel, cobalt, oil), agriculture, and developing tourism. The key question remains whether the state can translate this growth into tangible poverty reduction.

*Source: Africa24 TV / Madagascar Finance Law 2026*