Madagascar EconomicsMadagascar Economics

By Sam Lombardo, Danny By Sam Lombardo, Danny Holmes, and Sean HartkeHolmes, and Sean Hartke

Monetary Unit

• Malagasy Ariary http://africa.gm/_library/2007/12/malagasy-franc-s.jpg

Exchange Rate and Capita Income

• Thursday, November 19, 2009 :• 1 US Dollar = 1,998.49 Malagasy Ariary

1 Malagasy Ariary (MGA) = 0.0005004 US Dollar (USD)

• U.S. Capita Income: $47,500 estimate (2008)

• Madagascar Capita Income: $1,000 estimate (2008)

Prices

Item: U.S. Price Madagascar Price

Potatoes (1, 10 lb. bag)

3.00 (Nov. 23, 2009)

5,889.00 (Nov. 23, 2009)

Sugar (4 lb.) 2.50 (Nov. 23, 2009)

4,907.50

(Nov. 23, 2009)

Coffee (1 kg) 3.96 (Nov. 30, 2009)

7,698.24 (Nov. 30, 2009)

Premium Gasoline (1 Gallon)

2.88 (Nov. 18, 2009)

5,653.44 (Nov. 18, 2009)

Main Goods

• Produce: coffee, vanilla, sugarcane, cloves, cocoa, rice, cassava (tapioca), beans, bananas, peanuts; livestock products.

• Exports: coffee, vanilla, shellfish, sugar, cotton cloth, chromite, petroleum products

Main Goods Continued

MicaFish Graphite Chromite

Coal Bauxite Salt Tar SandsSemi-Precious Stones

http://gwydir.demon.co.uk/jo/minerals/pix/mica8.jpg -mica

http://www.mii.org/Minerals/Minpics1/CoalBituminous.jpg coal

http://cubia.files.wordpress.com/2009/03/bauxite.jpg bauxite

http://www.nutrexsolutions.com/wp-content/images/Sea%20Salt_1.jpg salt

http://one-blue-marble.com/blog/wp-content/uploads/2009/09/tar-sands-in-hands1.jpg tar sand

http://img1.tradeget.com/gemheights/9HRSJUQM1Semiprecious-Stones.jpg stones

http://tasaclips.com/photos/minerals/chromite.jpg chromite

http://www.choudhery.com/graphite/graphite.jpg graphite

http://www.truestarhealth.com/Notes/Images/Food_Guide/Trout.jpg fish

Citations• "Madagascar Currency Converter." Greenwich Meantime. 04 Mar. 2009 . Web. 21 Nov 2009.

<http://wwp.greenwichmeantime.com/time-zone/africa/madagascar/currency.htm>.

• "World Fact Book." Cia. Web. 21 Nov 2009. <https://www.cia.gov/library/publications/the-world-factbook/rankorder/2004rank.html?countryName=Madagascar&countryCode=ma®ionCode=af&rank=212#ma>.

• "Weekly Retail Premium Gasoline Prices." Energy Information Administration. 01 Dec. 2009. Web. 18 Nov 2009. <http://www.eia.doe.gov/emeu/international/gas1.html>.

• "CIA-The World Factbook- Africa: Madagascar." CIA. Web. 21 Nov 2009. <https://www.cia.gov/library/publications/the-world-factbook/geos/ma.html>.

• "Weekly Ads." Schnucks. 30, Nov 2009. Web. 30 Nov 2009. <http://www.schnucks.com>.

• "Weekly Advertisment." Shop'n Save . 2009. Web. 30 Nov 2009. <http://www.shopnsave.com>.

• "Madagascar Excellence Roasted Coffee." Alibaba. Web. 30 Nov 2009. <http://www.alibaba.com/product-free/10830812/Madagascar_Excellence_Roasted_Coffee.html>.

• "Madagascar Natural Resources." indexmundi. Web. 21 Nov 2009. <http://www.indexmundi.com/madagascar/natural_resources.html>.

THE END!!!THE END!!!

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