- Madagascar got rid of socialist economic policies in 2009
- These are policies that state that people would be able to use goods produced within and not sell them to other countries for profit
- Able to use duty-free access with the U.S. but got that taken away because they didn't comply with the AGOA.
- Depend on agriculture( fishing and forestry) employs 80% of the population
- GDP per capita- $900 compared to the world at 218
- Labor Force- 9.504 million since 2007
- Population below poverty line 50% last estimated in 2004
- Inflation Rate- 9.5%
- Industries- meat processing, seafood, soap, breweries, tanneries, sugar, textiles, glassware, cement, atomibile assembly plant, paper, petroleum, tourism
- Export- $1.394 billion
- Includes coffee, vanilla, shellfish, sugar, cotton cloth, clothing, chromite, pretoleum products
- Currency- Ariary is paper money and Francs are coins