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Economy of Malawi. Statistics, Data and Indicators

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Malawi
N/AN/A Credit rank #
N/A Quality of life #
110 Corruption rank#110
109 Ease of doing business#104
Malawi


Malawi Major Economic Indicators

Indicator Data Period
GDP Value 12.63 USD Billion 2021
GDP Annual Growth Rate 5.4 % 2022
GDP per capita 389 USD 2021
Inflation Rate YoY 28.8 % Apr/23
Interest Rate 22 % May/23
Unemployment Rate 5.6 % 2022
Balance of Trade -43500 MWK Million | -0.043 B USD Feb/23
Current Account -351 USD Million | -0.351 B USD 2022
Foreign Exchange Reserves 613 MWK Billion | 0.599 B USD Mar/23


GDP Indicators

Indicator Data Period
GDP Value 12.63 USD Billion 2021
GDP Annual Growth Rate 5.4 % 2022
GDP per capita 389 USD 2021
GDP Constant Prices 7940407 MWK Million | 7.759 B USD 2022
GDP per capita PPP 1491 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 66.7 % 2022
Government Budget Value -4.9 MWK Million | 0 B USD 2023
Government Spending 147297 MWK Million | 0.144 B USD 2019
Government Revenues 227 MWK Million | 0 B USD 2023
Fiscal Expenditure  232 MWK Million | 0 B USD 2023
Government Budget to GDP -6.8 % 2022
Military Expenditure 83.3 USD Million | 0.083 B USD 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 134 Index Points Apr/23
Food Inflation 37.9 % Apr/23
Inflation Rate YoY 28.8 % Apr/23
CPI Housing Utilities 127 Index Points Mar/23
CPI Transportation 140 Index Points Mar/23


Trade Indicators

Indicator Data Period
Current Account to GDP -2.8 % 2022
Balance of Trade -43500 MWK Million | -0.043 B USD Feb/23
Capital Flows -28.49 USD Million | -28490 B USD 2022
Current Account -351 USD Million | -0.351 B USD 2022
Exports 48600 MWK Million | 0.047 B USD Feb/23
External Debt 2812734 MWK Million | 2.749 B USD 2021
Foreign Exchange Reserves 613 MWK Billion | 0.599 B USD Mar/23
Imports 92100 MWK Million | 0.09 B USD Feb/23


Money Indicators

Indicator Data Period
Gold Reserves 0.4 Tonnes 1Q/23
Interest Rate 22 % May/23
Money Supply M1 1460900 MWK Million | 1.428 B USD Dec/22
Money Supply M2 2721 MWK Million | 0.003 B USD Mar/23
Foreign Direct Investment 189 USD Million | 0.189 B USD 2022
Private Sector Credit  1003 MWK Million | 0.001 B USD 2023


Labor Indicators

Indicator Data Period
Unemployment Rate 5.6 % 2022


Taxes

Indicator Data Period
Corporate Tax Rate 30 % 2023
Personal Income Tax Rate 40 % 2022
Sales Tax Rate 16.5 % 2023


Production Indicators

Indicator Data Period
Industrial Production -12.47 % Dec/18


Business Indicators

Indicator Data Period
Corruption Index 34 Index Points 2022
Corruption Rank 110 place 2022
Ease of Doing Business 109 place 2019
Competitiveness Index 43.7 Index Points 2019
Competitiveness Rank 128 2019