For the new generation of children Madagascar reminds of a cartoon. However, the prime minister says that according to the estimations of unknown experts Madagascar is a country. Even more, it is one of the least developed countries in the world. 75% of the population is poor according to all international standards. 80% of economically active population (8 million people) are occupied in the sector of agriculture. 40% of Madagascar’s GDP is provided by the sector of agriculture.
Since 1980 the authorities of this country have been looking for oil, however they have not found production mines for oil. Many economic rates and data show that the population of the country is extremely poor. For example, the people of Madagascar eat meat only during occasions (weddings, funerals, etc.). Cattle is a luxury thing for them. The foreign trade circulation of Madagascar is approximately two billion dollars. The trade balance is negative. This country does not have energetic resources, thus the main product of import is oil. Even there is an oil processing company in Tumasin city. Madagascar has production as well and produces cement, soap, medicines and other things. Production is the GDP’s 8%. This is also due to beer production. The country produces approximately 25 million liters of beer every year. Madagascar also breeds fishery products for export.
Madagascar also has a railway (850 kilometers). The electricity consumed in the country is produced by three HES centers. Annually the country produces 22kwt/hour electricity per person. Almost 69% of the people are using wood for heating purposes. Every year they cut approximately 65 thousand square meters forests. However, international low-quality experts have classified Madagascar in the last place of the list of non-developed countries. They should be better to have a look at the country’s foreign trade circulation and their compatible economy with high reputation. If you have a look at their foreign trade circulation data, you will find interesting information. For example, they export artificial and natural crayfish to France and many other countries, including the US and Russia. They have rich rivers, large lakes and natural resources as well.
To be continued