Madagascar Economy:

Agriculture accounts for a large percentage of the Madagascan Economy. The country’s agricultural sector produces: coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava, beans, bananas, peanuts, livestock products, vegetables and fruits.

Other important industries are tourism which is steadily improving with a return to stable government, crude oil refining, motor vehicle assembly, paper, textiles, food and beverage processing, cement and glassware. Socialist policies that had hampered economic growth in Madagascar have been dropped for more liberal strategies. Widespread corruption continues to pose a major problem to the government’s efforts.