What is the economy of Madagascar based on?
Posted on Aug 16, 2025 / Travel
Madagascar’s economy relies heavily on agriculture, mining, and tourism. Major agricultural products include rice, vanilla, coffee, cloves, and sugarcane. The country is also known for mining sapphires, graphite, and other minerals. Tourism is a growing sector, fueled by the island’s natural beauty and biodiversity. Small-scale fishing and handicrafts contribute to local economies. Despite natural resources, Madagascar faces challenges with poverty, infrastructure, and political instability. International aid and trade partnerships support economic development and conservation projects. Sustainable tourism and responsible agriculture are key to future growth.
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