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Malawi

Headline economic indicators for Malawi, with the most recent official readings.

Prices

Prices — Malawi
Indicator Value Change
Inflation rate · 28.4% -3.81 (-11.8%)
Consumer price index · 1,313.2 +290.23 (+28.4%)
GDP deflator inflation · 30.4% +5.72 (+23.2%)

GDP

GDP — Malawi
Indicator Value Change
GDP growth rate · 1.9% +0.21 (+12.7%)
GDP per capita · 671.51 +149.14 (+28.6%)
GDP per capita, long-run history · 1,190 -21.16 (-1.7%)
GDP · 14,918,276,698.3 +3,606,305,298 (+31.9%)
GDP, PPP · 42,194,891,551 +1,909,230,700 (+4.7%)
GDP per capita, PPP · 1,899 +38.98 (+2.1%)
GDP per capita growth · -0.7% +0.23 (+24.7%)
GNI per capita · 600 +30.00 (+5.3%)
Agriculture to GDP · 30.0% -1.76 (-5.5%)
Industry to GDP · 14.3% -2.77 (-16.2%)
Manufacturing to GDP · 11.0% -1.83 (-14.3%)
Services to GDP · 48.7% +4.44 (+10.0%)
Household consumption to GDP · 84.1% -1.19 (-1.4%)
Gross capital formation to GDP · 15.7% +2.01 (+14.7%)
Gross savings to GDP · 3.9% +1.73 (+79.2%)

Labour

Labour — Malawi
Indicator Value Change
Unemployment rate · 5.1% +0.02 (+0.4%)
Labour force participation rate · 62.6% -0.35 (-0.6%)
Female labour force participation rate · 58.2% -0.35 (-0.6%)
Youth unemployment rate · 6.9% +0.06 (+0.8%)
Employment to population ratio · 59.4% -0.34 (-0.6%)
Employment in agriculture · 65.0% -0.26 (-0.4%)
Employment in industry · 7.3% +0.02 (+0.2%)
Employment in services · 27.7% +0.24 (+0.9%)

Money

Money — Malawi
Indicator Value Change
Real interest rate · 10.0% +6.47 (+184.8%)
Broad money to GDP · 27.2% +3.44 (+14.5%)
Private sector credit to GDP · 7.9% +0.16 (+2.1%)
Lending rate · 37.1% +3.52 (+10.5%)
Bank nonperforming loans · 5.1% -0.42 (-7.7%)
Official exchange rate · 1,161.09 +212.06 (+22.3%)

Trade

Trade — Malawi
Indicator Value Change
Current account to GDP · -14.0% +1.13 (+7.5%)
Exports to GDP · 10.6% -0.64 (-5.6%)
Imports to GDP · 28.8% -1.87 (-6.1%)
Trade to GDP · 39.4% -2.50 (-6.0%)
Exports of goods and services · 1,588,626,335.55 +312,006,946 (+24.4%)
Imports of goods and services · 4,289,095,537.9 +825,566,833 (+23.8%)
Trade balance, goods and services (annual) · -2,947,839,995.17 -495,122,112 (-20.2%)
Current account balance (annual) · -2,081,105,901.8 -375,171,140 (-22.0%)
Foreign direct investment to GDP · 3.6% +0.58 (+19.4%)
Remittances received to GDP · 2.0% +0.07 (+3.7%)
Total reserves, including gold · 594,498,493.62 -252,341,351 (-29.8%)
Reserves in months of imports · 1.9 -0.94 (-33.0%)
External debt to GNI · 35.2% +6.06 (+20.8%)

Government

Government — Malawi
Indicator Value Change
Government debt to GDP · 61.8% +6.21 (+11.2%)
Government revenue to GDP · 15.9% +1.30 (+8.9%)
Government expense to GDP · 20.2% +2.99 (+17.4%)
Tax revenue to GDP · 15.6% +1.43 (+10.1%)
Government budget balance to GDP · -11.8% -4.30 (-57.4%)
Government consumption to GDP · 18.2% -0.80 (-4.2%)
Education spending to GDP · 2.7% -0.57 (-17.3%)
Health spending to GDP · 6.5% -0.09 (-1.4%)

Demography

Demography — Malawi
Indicator Value Change
Population · 22,216,120 +560,834 (+2.6%)
Population, long-run history · 22,239 +561.90 (+2.6%)
Population growth · 2.6% -0.02 (-0.8%)
Life expectancy · 67.6 +0.21 (+0.3%)
Fertility rate · 3.59 -0.06 (-1.6%)
Birth rate · 31.1 -0.24 (-0.8%)
Death rate · 5.3 -0.07 (-1.3%)
Urban population share · 17.6% +0.33 (+1.9%)
Population aged 65 and over · 2.6% +0.00 (+0.1%)
Under-five mortality rate · 48.8 -0.80 (-1.6%)
Population density · 229.7 +5.84 (+2.6%)
Net migration · -5,628 -4,121 (-273.5%)
Gini index · 38.5 -6.20 (-13.9%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

Malawi

Economies nearby

Comparable readings from neighbouring economies.