Reference Value Report: Living Income Report and 2024 Update for Rural Madagascar

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.