MADAGASCAR
HR Outsourcing Solutions
Delegate Your HR Functions To Us in Madagascar
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About Madagascar
Page Last Updated: 28/05/2024
Madagascar, an island off Africa’s southeastern coast, is known for its unique biodiversity and growing economic opportunities. For businesses expanding into this vibrant market, managing human resources efficiently is crucial. Africa HR Solutions offers tailored support for onboarding and paying employees in Madagascar, ensuring compliance with local labour laws and handling payroll administration.
Population: 30.59 M
Gross Domestic Product (GDP): $16.47 B
GDP Growth: 4.5%
Inflation: 7.8%
Foreign Direct Investment (% of GDP): 3.1%
Unemployment Rate: 1.90%
Capital: Antananarivo
Currency: Malagasy ariary (MGA)
Languages: Malagasy, French
Madagascar Payroll at a Glance
Currency
Malagasy ariary (MGA)
Income Tax
0% – 20%
Employer Taxes
13%
Employee Contribution
1%
Fiscal Year
1 January – 31 December
Date Format
dd/mm/yyyy
- Madagascar’s economy relies heavily on agriculture, with the sector employing over 70% of the population and contributing significantly to GDP.
- The country is a major producer and exporter of vanilla, cloves, and other spices, as well as coffee, cocoa, and seafood, which are essential for its economy.
- Madagascar boasts stunning natural attractions, including unique wildlife and diverse landscapes, making tourism a promising sector for economic growth.
- The economy is heavily reliant on foreign aid and assistance, particularly in the aftermath of natural disasters such as cyclones and droughts.
- A substantial portion of Madagascar’s economic activity occurs in the informal sector, contributing to employment but also posing challenges for regulation and taxation.
- New Year’s Day
- International Women’s Day
- Easter Monday
- Martyrs’ Day
- Labour Day
- Ascension Day
- Whit Monday
- Independence Day
- Assumption of Mary
- All Saints’ Day
- Republic Day
- Christmas Day
Trusted by Inspiring Changemakers.
Africa HR Solutions is for us everything what we have hoped for. Customer- and people oriented, fast and always willing to think along and find the best possible solution. We get professional services and an exceptional single point of contact.
Mirèl SoerNutreco - Middle-East & Africa 
Africa HR Solutions has been a great partner to our organisation, allowing us to quickly expand and operate in new markets while they flag and support management of compliance and risk issues. We now use Africa HR Solutions for support in some capacity in 8 of our geographic locations.
Hilary HanbidgeDirector - VillageReach 
Africa HR Solutions has taken the stress out of compliance - we no longer have to worry about changing regulations. Their team is professional, knowledgeable, and always available. Payroll runs smoothly, which saves us valuable time and our staff appreciates being paid on time! Kudos to the team!
SheilaDirector - Non-Profit Organisation 
Africa HR Solutions is responsive, proactive, and accommodating, even with the time difference. In fact, it works in my favor—they have time to handle tasks before I start my day. Our payroll, especially in Senegal, is complex, but their attention to detail and willingness to go the extra mile definitely stand out.
AldoPayroll and Data Manager - Non-Profit Organisation 
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