MADAGASCAR

Reference Values

RURAL MADAGASCAR - LIVING INCOME

Madagascar Reference

Jan 1, 2020

Reference Value Report: Living Income Report 2020 for Rural Madagascar

Jan 1, 2020

Anker Living Income Reference Value for Rural Madagascar in 2020 The Anker Living Income Reference Value for 2020 for rural Madagascar is 512,693 Ar. per month (140 USD), with a 95% confidence around it of 451,792 Ar. to 581,885 Ar. This is the estimated monthly cost of a basic but decent standard of living for a typical rural family in Madagascar. “A living income is the net annual income required for a household in a particular place to afford a decent standard of living for all members of that household. Elements of a decent standard of living include: food, water, housing, education, healthcare, transport, clothing, and other essential needs including provision for unexpected events” (Living Income Community of Practice).

Reference Value Updates

RURAL MADAGASCAR - LIVING INCOME

Madagascar Reference

Jul 1, 2023

Update Report: Living Income Reference Value Update 2023 for Rural Madagascar

Jul 1, 2023

This report provides an update of the Anker Living Income Reference Value for rural Madagascar, taking into account inflation since the original report. As of 2020, the estimated living income for rural areas in Madagascar was MGA 512,693 per month. This update takes into account the amount of inflation to mid-2023 for the country since mid-2020. Between mid-2020 and mid-2023, the inflation rate in Madagascar was estimated at 27.2%. Without accounting for inflation, the living income estimated in 2020 would not be sufficient for families to have a basic but decent standard of living in 2023, because the purchasing power of the living income would have decreased. Therefore, the updated living income for 2023 in rural Madagascar is estimated to be MGA 651,972 per month.