Indian Ocean
Madagascar
EU Compliance · Geopolitical Risk · Sourcing Attractiveness
Why these scores
EU Compliance, by dimension
1 = lowest risk · methodology & sources
Geopolitical Risk, by dimension
1 = lowest risk · methodology & sources
Attractiveness, by dimension
9 = most attractive · methodology & sources
Analyst scores, last reviewed June 2026; each dimension's sources and cadence are on its methodology page.
Data layers
The EU is Madagascar's #2 import source (world lens). Madagascar is the EU's #115 goods supplier.
Madagascar on the world stage
Total imports
$4.8bn
2024 annual
Total exports
$2.6bn
168 partners
#1 import source
China
24.7%
#1 export dest.
France
17.7%
2024 annual, UN Comtrade (HS TOTAL, all partners). Line colour: coverage (exports/imports per partner).
Madagascar and the EU
EU imports from
€894m
0.0% of extra-EU
EU exports to
€611m
0.0% of extra-EU
EU supplier rank
EU's #115 supplier
EU trade balance
import-tilted
coverage 0.68
2025 annual totals, Eurostat COMEXT. EU trade board →
Electricity & grid
National sources · carbon from Ember · estimated
Industrial
218
EUR/MWh
Consumer
128
EUR/MWh, all-in
Grid carbon
477
gCO₂e/kWh
Renewables
–
of generation
regulated market
Power market
● Import dependenceMarket model
State monopoly (JIRAMA)
Direct PPA
None
grid access: closed
Reserve margin
–
Regulator
Not independent
ORE (Office de Regulation de l'Electricite)
JIRAMA (state utility) is chronically insolvent, relying on expensive imported diesel for over half of generation. Frequent outages and rolling blackouts across most of the country.
Tracked infrastructure
Operating assets tracked by Global Energy Monitor (CC BY 4.0); counts are tracked facilities, not exhaustive totals. Energy overview →
Metal mining
Tagged mines
3
1 production-backed
Acid-drainage prone
1
high water-risk ore class
Main commodities
Other mine, Nickel
Mine-water verifiability
Blind spot
weak national monitoring; Ambatovy self-monitors privately
Water risk is inferred from the ore class, not site measurements. Global mines: full layer →
Demographics
UN World Population Prospects 2024 · medium variant
Median age
19
→ 24.2 by 2050
Fertility
3.91
above replacement
Working-age
57.3%
aged 15–64
Old-age dep.
5.9
→ 8.5 by 2050
Median age 1990–2050
Population 32M · still growing past 2100
By 2050: +66% (53.2M)