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Madagascar Insightsas of Oct 2026
Population size
32 M People
Urbanization rate
40%
Population growth
2.7%
Median age
20 years
Household size
4.4 People
Education level
25 percent
GDP
21,090,000,000 USD
GDP per capita
665 USD
Inflation rate
6.5 %
Unemployment rate
2.1 %
Cost of living index
25 index
Income inequality (Gini)
36.8 index
Retail sales volume
4,500,000,000 USD
Retail sales per capita
142 USD
Disposable income per capita
450 USD
Spending by category - apparel
900,000,000 USD
Spending by category - groceries
1,800,000,000 USD
Spending by category - electronics
225,000,000 USD
Number of retail outlets
50,000 outlets
Major national retail chains
Shoprite, Jumbo Score chains
Retail market fragmentation
high qualitative
Presence of global brands
limited qualitative
Dominant retail formats
traditional markets, supermarkets formats
Average commercial rent
10 USD/sqm/month
Property transaction volume
5,000 transactions/year
Ease of doing business index
40.7 index
Business permit process time
30 days
Zoning constraints
moderate qualitative
E-commerce delivery infrastructure
emerging qualitative
Road density
15 km/100 sq km
Public transport penetration
60 %
Commute patterns
urban bus/taxi, rural walking qualitative
Vehicle ownership per capita
0.02 vehicles/person
E-commerce share of retail
2 %
Click-and-collect adoption
low qualitative
Internet penetration
15 %
Mobile commerce usage
10 %
Retail tech startups
5 startups
Retail-related crime rate
5 percent
Shoplifting incidents
high qualitative
Consumer protection score
low qualitative
Business compliance risk
high qualitative
Annual tourist arrivals
600,000 arrivals
Tourist retail spending
300,000,000 USD
Airport traffic
1,000,000 passengers/year
Duty-free sales trends
growing qualitative
Projected retail market growth rate
5 %
Urban expansion zones
Antananarivo suburbs zones
Emerging retail hubs
Toamasina, Nosy Be hubs
Major upcoming national mall or retail projects
Ankoay Mall expansion projects
Retail Destinations in Madagascar
Browse 0 retail destinations across Madagascar. Explore retail leasing opportunities, demographics, and market analytics for each location on Occupi.
Madagascar at a Glance
- Total Properties0
- Cities0
