TheMarketingSite.com

Countries

Madagascar

Madagascar (/ˌmædəˈɡæskər/ ; Malagasy: Madagasikara), officially the Republic of Madagascar (Malagasy: Repoblikan'i Madagasikara [republiˈkʲan madaɡasˈkʲarə̥]; French: République de Madagascar), and previously known as the Malagasy Republic, is an island country in the Indian Ocean, off the coast of Southeast Africa.

The nation comprises the island of Madagascar (the fourth-largest island in the world), and numerous smaller peripheral islands.

Following the prehistoric breakup of the supercontinent Gondwana, Madagascar split from the Indian peninsula around 88 million years ago, allowing native plants and animals to evolve in relative isolation.

Consequently, Madagascar is a biodiversity hotspot; over 90% of its wildlife is found nowhere else on Earth.

The island's diverse ecosystems and unique wildlife are threatened by the encroachment of the rapidly growing human population and other environmental threats.

The first archaeological evidence for human foraging on Madagascar dates to 2000 BC.

Human settlement of Madagascar occurred between 350 BC and AD 550 by Austronesian peoples arriving on outrigger canoes from Borneo.

These were joined around AD 1000 by Bantu migrants crossing the Mozambique Channel from East Africa.

Other groups continued to settle on Madagascar over time, each one making lasting contributions to Malagasy cultural life.

The Malagasy ethnic group is often divided into 18 or more sub-groups of which the largest are the Merina of the central highlands.

Until the late 18th century, the island of Madagascar was ruled by a fragmented assortment of shifting sociopolitical alliances.

Beginning in the early 19th century, most of the island was united and ruled as the Kingdom of Madagascar by a series of Merina nobles.

The monarchy collapsed in 1897 when the island was absorbed into the French colonial empire, from which the island gained independence in 1960.

The autonomous state of Madagascar has since undergone four major constitutional periods, termed republics.

Since 1992, the nation has officially been governed as a constitutional democracy from its capital at Antananarivo.

However, in a popular uprising in 2009, president Marc Ravalomanana was made to resign and presidential power was transferred in March 2009 to Andry Rajoelina.

Constitutional governance was restored in January 2014, when Hery Rajaonarimampianina was named president following a 2013 election deemed fair and transparent by the international community.

Madagascar is a member of the United Nations, the Organisation internationale de la francophonie and the Southern African Development Community (SADC).

In 2012, the population of Madagascar was estimated at just over 22 million, 90% of whom live on less than $2 per day.

Malagasy and French are both official languages of the state.

The majority of the population adheres to traditional beliefs, Christianity, or an amalgamation of both.

Ecotourism and agriculture, paired with greater investments in education, health, and private enterprise, are key elements of Madagascar's development strategy.

Under Ravalomanana, these investments produced substantial economic growth, but the benefits were not evenly spread throughout the population, producing tensions over the increasing cost of living and declining living standards among the poor and some segments of the middle class.

As of 2014, the economy had been weakened by the then recently concluded political crisis, and quality of life remains low for the majority of the Malagasy population.

Region:Sub-Saharan Africa
Income Level:Low income
Population, total:0 (2017)
Capital:Antananarivo
Longitude:45.7167
Latitude:-20.4667
Merchandise trade (% of GDP)

Merchandise trade as a share of GDP is the sum of merchandise exports and imports divided by the value of GDP, all in current U.S. dollars.
Source:World Trade Organization, and World Bank GDP estimates.

Time required to start a business (days)

Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source:World Bank, Doing Business project (http://www.doingbusiness.org/).

Exports of goods and services (BoP, current US$)

Exports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from residents to nonresidents of general merchandise, net exports of goods under merchanting, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.

Imports of goods and services (BoP, current US$)

Imports of goods and services comprise all transactions between residents of a country and the rest of the world involving a change of ownership from nonresidents to residents of general merchandise, nonmonetary gold, and services. Data are in current U.S. dollars.
Source:International Monetary Fund, Balance of Payments Statistics Yearbook and data files.