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# [MADAGASCAR] Government Revises 2026 Growth Forecast Up to 6%
- URL: https://businessoi.media/en/madagascar-letat-revoit-a-6-sa-prevision-de-croissance-pour-2026-en/
- Published: 2026-09-06T08:44:47.000Z
- Updated: 2026-09-06T08:44:47.000Z
- Description: Madagascar revises its 2026 growth forecast up to 6%, against 4.8% initially projected. Services, private investment and extractive sectors are driving the momentum.
- Author: Emmanuel TAOCHY
- Tags: Madagascar, Économie, Finances publiques, Investissement, Flash de mi-journée, #en

The Malagasy government has raised its economic growth projections to 6% for 2026, up from the 4.8% originally written into the finance law. A revision of more than one percentage point signals a more robust dynamic than initially anticipated, driven notably by private investment and extractive sectors.

## A Significant Upward Revision

Malagasy authorities have officially adjusted their GDP growth forecast for the 2026 fiscal year. The revised trajectory of **6%** represents a +1.2 percentage point gap compared to the 4.8% projected at the time of the initial finance law. This reassessment comes as the government seeks to « attract investors and reassure economic agents, » according to local officials.

For context, Madagascar's growth was projected at 5% for 2025, following 6.1% in 2024\. The 2026 trajectory would thus reconnect with previous-year levels, confirming a structural upward trend.

## The Drivers Behind the Momentum

**Services** remain the primary lever, driven by recovering domestic consumption and a tourism rebound. **Private investment** is accelerating, stimulated by a modernising regulatory environment and infrastructure projects backed by multilateral lenders.

The **oil and gas sectors** are also becoming a rising driver. Madagascar holds hydrocarbon resources whose exploration and development are progressing, attracting the attention of international majors despite the island's logistical challenges.

## Why It Matters

A 6% growth rate in the world's fourth-largest island, home to more than 30 million people, is a strong signal for regional and international investors. Madagascar remains an under-capitalised market relative to its natural resources — arable land, critical minerals, biodiversity, maritime potential — and its geographic position at the crossroads of Indian Ocean trade routes.

For Indian Ocean businesses, this upward revision is a signal not to ignore. The window to enter the Malagasy market is still open, but the most reactive players will position themselves before international competition intensifies.

*Sources: Government of Madagascar, Africa24 TV, African Development Bank.*