Reference Value Report: Living Income Report and 2024 Update for Rural Madagascar
2024 Reference Value Update Report: Living Income Report for Rural Madagascar
Abstract
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-2024 for the country since June 2020. The accumulated inflation during this period was 35.2%.3 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 2024, because the purchasing power of the living income would have decreased. Therefore, the updated living income for 2024 in rural Madagascar is estimated to be MGA 693,085 per month.
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Original Report
2020 Reference Value Report: Living Income Report for Rural Madagascar
Abstract
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).
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