MADAGASCAR
HR Outsourcing Solutions
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About Madagascar
Page Last Updated: 04/06/2026
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
18-19%
Employee Contribution
1%
Fiscal Year
1 January - 31 December
Date Format
dd/mm/yyyy
Interesting Facts About Madagascar
- 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.
Public Holidays in Madagascar
- 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

While the content presented on this webpage is accurate as of the time of publication, it is imperative to recognise that the content is provided solely for informational purposes and does not constitute legal and/or tax advice. To obtain the most current and precise guidance, it is essential to verify specific details related to employment or compliance with our experts or consult your own legal and/or tax advisor(s). Africa HR Solutions Ltd. explicitly does not offer legal or tax advice. The information provided is general in nature, not tailored to a specific company or workforce, and does not reflect the service delivery of Africa HR Solutions in any given jurisdiction. Africa HR Solutions makes no representations or warranties regarding the accuracy, completeness, or timeliness of this information and disclaims any liability arising out of or in connection with it, including any loss resulting from the use of or reliance on the information.
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