<Tr> <Th> Economic aid </Th> <Td> recipient: $838 million (1997) </Td> </Tr> <Tr> <Td_colspan="2"> Main data source: CIA World Fact Book All values, unless otherwise stated, are in US dollars . </Td> </Tr> <P> The economy of Madagascar is a market economy and is supported by Madagascar's well - established agricultural industry and emerging tourism, textile and mining industries . Malagasy agriculture produces tropical staple crops such as rice and cassava, as well as cash crops such as vanilla and coffee . Madagascar's wealth of natural resources supports its sizable mining industry . Additionally, Madagascar's status as a developing nation exempts Malagasy exports from customs protocol in some areas, notably the United States and European Union . These exemptions have supported the growth of the Malagasy textile industry . Despite Madagascar's natural resources and developing industries, the 2009 Malagasy political crisis--considered by the international community to be an illegal coup--deterred foreign investments in Madagascar and caused the Malagasy economy to decline . Foreign investments have resumed following the resumption of elections in early 2014 . At 2016, Madagascar is one of the world's fastest - growing economies . </P> <P> Agriculture, including fishing and forestry, is Madagascar's largest industry and employs 82% of its labor force . Madagascar's varied climate, ranging from tropical along the coasts, moderate in the highlands and arid in the south, allows for the cultivation of tropical crops such as rice, cassava, beans and bananas . In 2011, agricultural products--especially cloves, vanilla, cacao, sugar, pepper, and coffee--accounted for Madagascar's top twelve exports by value . Madagascar produces the second largest vanilla harvest in the world and Malagasy vanilla accounts for about a quarter of the global vanilla market . </P>

What type of economic system does madagascar have