The Extractive Industry and Agriculture at the Heart of Recovery

The Ministry of Economy and Finance has released its economic forecasts for 2025, projecting optimistic growth of +5.0%.

This momentum is driven by significant progress in strategic sectors such as agriculture, mining, tourism, and telecommunications. After a challenging year, the extractive industry is expected to rebound with growth of +4.0%. This recovery will be fueled by rising global demand for nickel and graphite, essential resources for the energy transition. With the resumption of nickel production by Ambatovy, Madagascar could reach an annual output of 40,000 tons of nickel. Meanwhile, the textile sector anticipates growth of +4.0%, focusing on local processing and sustainable production to attract international markets.

The tertiary sector is expected to grow by +5.4%, with hospitality and catering leading the way (+14.9%), driven by a rebound in tourism. The ministry anticipates 450,000 arrivals in 2025, supported by increased air connections. Telecommunications will continue their upward trajectory (+13.7%) thanks to reforms and the expansion of digital services.

Agriculture is set to achieve exceptional growth of +9.5%, with the introduction of hybrid seeds imported from China, enabling yields of up to 8 tons of rice per hectare. Paddy production is forecast to increase by one million tons through the “PFUMVUDZA” method. Corn (+32.7%) and cassava (+6.4%) are also experiencing strong growth. Additionally, the livestock and fisheries sectors contribute to this momentum, with a +4% increase, notably due to the issuance of new fishing licenses.